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Germany stocks lower at close of trade; DAX down 1.12%

Published 08/09/2017, 12:15 PM
Updated 08/09/2017, 12:20 PM
Germany stocks lower at close of trade; DAX down 1.12%

Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Insurance, Consumer & Cyclical and Construction sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.12%, while the MDAX index lost 1.07%, and the TecDAX index declined 1.15%.

The best performers of the session on the DAX were E.ON SE NA (DE:EONGn), which rose 3.68% or 0.328 points to trade at 9.230 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 0.77% or 0.145 points to end at 19.045 and Continental AG O.N. (DE:CONG) was up 0.47% or 0.90 points to 190.85 in late trade.

The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 4.14% or 0.480 points to trade at 11.115 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 3.78% or 0.585 points to end at 14.880 and Adidas AG (DE:ADSGN) was down 2.96% or 5.90 points to 193.40.

The top performers on the MDAX were Symrise AG Inh. O.N. (DE:SY1G) which rose 1.72% to 60.390, Uniper SE (DE:UN01) which was up 1.49% to settle at 19.100 and Alstria Office Reit-Ag (DE:AOXG) which gained 1.10% to close at 12.440.

The worst performers were Brenntag AG (DE:BNRGn) which was down 6.73% to 45.010 in late trade, Schaeffler AG Pref (DE:SHA_p) which lost 3.44% to settle at 11.80 and Stroeer SE (DE:SAXG) which was down 2.81% to 54.300 at the close.

The top performers on the TecDAX were Wirecard AG (DE:WDIG) which rose 1.78% to 67.500, Dialog Semiconductor (DE:DLGS) which was up 1.03% to settle at 38.115 and Nemetschek AG O.N. (DE:NEKG) which lost 0.25% to close at 64.800.

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The worst performers were Carl Zeiss Meditec AG (DE:AFXG) which was down 5.76% to 41.810 in late trade, Draegerwerk VZO O.N. (DE:DRWG_p) which lost 4.65% to settle at 86.490 and S&T AG (F:SANT1) which was down 4.58% to 16.669 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 575 to 193 and 24 ended unchanged.

Shares in Uniper SE (DE:UN01) rose to all time highs; rising 1.49% or 0.280 to 19.100. Shares in Wirecard AG (DE:WDIG) rose to all time highs; rising 1.78% or 1.180 to 67.500.

The DAX volatility index, which measures the implied volatility of DAX options, was up 15.66% to 14.96.

Gold Futures for December delivery was up 1.22% or 15.43 to $1278.03 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.39% or 0.19 to hit $49.36 a barrel, while the October Brent oil contract rose 0.59% or 0.31 to trade at $52.45 a barrel.

EUR/USD was down 0.11% to 1.1739, while EUR/GBP fell 0.15% to 0.9033.

The US Dollar Index Futures was up 0.05% at 93.53.

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