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Germany stocks lower at close of trade; DAX down 1.07%

Published 01/24/2018, 12:15 PM
Updated 01/24/2018, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.07%

Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Food & Beverages, Technology and Utilities sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.07%, while the MDAX index lost 0.89%, and the TecDAX index declined 1.74%.

The best performers of the session on the DAX were Deutsche Boerse AG (DE:DB1Gn), which rose 1.87% or 1.900 points to trade at 103.600 at the close. Meanwhile, Deutsche Bank AG NA O.N. (DE:DBKGn) added 0.03% or 0.004 points to end at 15.882 and Adidas AG (DE:ADSGN) was down 0.24% or 0.45 points to 185.05 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (DE:IFXGn), which fell 3.77% or 0.940 points to trade at 23.980 at the close. RWE AG ST O.N. (DE:RWEG) declined 3.46% or 0.610 points to end at 17.030 and E.ON SE NA (DE:EONGn) was down 3.01% or 0.273 points to 8.804.

The top performers on the MDAX were GEA Group AG (DE:G1AG) which rose 3.26% to 40.850, Norma Group AG NA O.N. (DE:NOEJ) which was up 0.96% to settle at 63.200 and Salzgitter AG (DE:SZGG) which gained 0.82% to close at 51.840.

The worst performers were Suedzucker AG (DE:SZUG) which was down 4.13% to 15.535 in late trade, Innogy SE (DE:IGY) which lost 4.02% to settle at 32.270 and Fielmann AG (DE:FIEG) which was down 2.79% to 71.450 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE:MDG1k) which rose 20.38% to 17.900, SMA Solar Technology AG (DE:S92G) which was up 5.27% to settle at 38.320 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 3.65% to close at 90.850.

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The worst performers were CompuGroup Medical AG O.N. (DE:COPMa) which was down 11.34% to 52.400 in late trade, Dialog Semiconductor (DE:DLGS) which lost 6.44% to settle at 24.120 and Evotec AG O.N. (DE:EVTG) which was down 4.03% to 14.050 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 505 to 212 and 86 ended unchanged.

Shares in Deutsche Boerse AG (DE:DB1Gn) rose to 5-year highs; rising 1.87% or 1.900 to 103.600. Shares in Suedzucker AG (DE:SZUG) fell to 52-week lows; losing 4.13% or 0.670 to 15.535. Shares in Norma Group AG NA O.N. (DE:NOEJ) rose to all time highs; up 0.96% or 0.600 to 63.200. Shares in Salzgitter AG (DE:SZGG) rose to 5-year highs; gaining 0.82% or 0.420 to 51.840. Shares in Medigene NA O.N. (DE:MDG1k) rose to 5-year highs; gaining 20.38% or 3.030 to 17.900.

The DAX volatility index, which measures the implied volatility of DAX options, was up 5.39% to 13.46.

Gold Futures for February delivery was up 1.18% or 15.80 to $1352.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.56% or 0.36 to hit $64.83 a barrel, while the March Brent oil contract fell 0.10% or 0.07 to trade at $69.89 a barrel.

EUR/USD was up 0.77% to 1.2393, while EUR/GBP fell 0.68% to 0.8723.

The US Dollar Index Futures was down 0.86% at 89.11.

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