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Germany stocks lower at close of trade; DAX down 1.00%

Published 03/13/2018, 01:15 PM
Updated 03/13/2018, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.00%

Investing.com – Germany stocks were lower after the close on Tuesday, as losses in the Chemicals, Insurance and Technology sectors led shares lower.

At the close in Frankfurt, the DAX declined 1.00%, while the MDAX index fell 0.59%, and the TecDAX index declined 0.17%.

The best performers of the session on the DAX were E.ON SE NA (DE:EONGn), which rose 9.84% or 0.832 points to trade at 9.285 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 5.70% or 1.025 points to end at 19.020 and Deutsche Lufthansa AG (DE:LHAG) was up 0.96% or 0.250 points to 26.250 in late trade.

The worst performers of the session were Prosiebensat 1 Media AG (DE:PSMGn), which fell 4.56% or 1.290 points to trade at 26.990 at the close. Volkswagen AG VZO O.N. (DE:VOWG_p) declined 2.38% or 3.78 points to end at 154.80 and Linde AG O.N. (DE:LING) was down 2.26% or 4.20 points to 181.70.

The top performers on the MDAX were Aurubis AG (DE:NAFG) which rose 2.93% to 69.580, Hugo Boss AG NA O.N. (DE:BOSSn) which was up 1.98% to settle at 70.940 and Axel Springer SE (DE:SPRGn) which gained 1.53% to close at 72.900.

The worst performers were Metro AG (DE:MEOG) which was down 9.76% to 9.787 in late trade, GEA Group AG (DE:G1AG) which lost 9.11% to settle at 35.330 and Wacker Chemie O.N. (DE:WCHG) which was down 6.43% to 131.00 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (DE:MORG) which rose 4.53% to 86.600, Cancom SE O.N. (DE:COKG) which was up 2.17% to settle at 82.350 and Adva Optical Networking SE (DE:ADAG) which gained 1.40% to close at 6.170.

The worst performers were Medigene NA O.N. (DE:MDG1k) which was down 2.77% to 17.550 in late trade, Aixtron SE (DE:AIXGn) which lost 1.82% to settle at 18.110 and Freenet AG NA (DE:FNTGn) which was down 1.73% to 25.500 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 474 to 236 and 23 ended unchanged.

Shares in Cancom SE O.N. (DE:COKG) rose to all time highs; up 2.17% or 1.750 to 82.350. Shares in Freenet AG NA (DE:FNTGn) fell to 52-week lows; losing 1.73% or 0.450 to 25.500.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.30% to 17.49.

Gold Futures for April delivery was up 0.54% or 7.10 to $1327.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 1.01% or 0.62 to hit $60.74 a barrel, while the May Brent oil contract fell 0.40% or 0.26 to trade at $64.69 a barrel.

EUR/USD was up 0.50% to 1.2402, while EUR/GBP fell 0.11% to 0.8866.

The US Dollar Index Futures was down 0.31% at 89.61.

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