Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Insurance, Construction and Technology sectors led shares lower.
At the close in Frankfurt, the DAX fell 12.24% to hit a new 3-years low, while the MDAX index declined 10.91%, and the TecDAX index fell 11.02%.
The best performers of the session on the DAX were Linde PLC (DE:LINI), which fell 6.36% or 9.800 points to trade at 144.350 at the close. Meanwhile, Beiersdorf AG O.N. (DE:BEIG) fell 6.74% or 6.120 points to end at 84.740 and Henkel & Co KGaA AG Pref (DE:HNKG_p) was down 7.42% or 5.53 points to 68.99 in late trade.
The worst performers of the session were RWE AG ST O.N. (DE:RWEG), which fell 18.92% or 5.250 points to trade at 22.500 at the close. Wirecard AG (DE:WDIG) declined 17.49% or 18.290 points to end at 86.310 and Deutsche Bank AG NA O.N. (DE:DBKGn) was down 17.48% or 1.044 points to 4.928.
The top performers on the MDAX were Morphosys AG O.N. (DE:MORG) which unchanged 0.00% to 91.050, Qiagen NV (DE:QIA) which was down 2.58% to settle at 35.460 and Knorr-Bremse AG (DE:KBX) which lost 3.62% to close at 78.86.
The worst performers were Commerzbank AG O.N. (DE:CBKG) which was down 20.90% to 3.127 in late trade, K+S AG NA O.N. (DE:SDFGn) which lost 20.45% to settle at 5.290 and Prosiebensat 1 Media AG (DE:PSMGn) which was down 18.50% to 7.4700 at the close.
The top performers on the TecDAX were Morphosys AG O.N. (DE:MORG) which unchanged 0.00% to 91.050, RIB Software AG Na (DE:RIB) which was down 1.75% to settle at 28.000 and Qiagen NV (DE:QIA) which lost 2.58% to close at 35.460.
The worst performers were Wirecard AG (DE:WDIG) which was down 17.49% to 86.310 in late trade, Siltronic AG (DE:WAFGn) which lost 15.18% to settle at 55.080 and S&T AG (DE:SANT1) which was down 14.56% to 15.14 at the close.
Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 715 to 19 and 7 ended unchanged.
Shares in Linde PLC (DE:LINI) fell to 52-week lows; losing 6.36% or 9.800 to 144.350. Shares in Beiersdorf AG O.N. (DE:BEIG) fell to 52-week lows; falling 6.74% or 6.120 to 84.740. Shares in Wirecard AG (DE:WDIG) fell to 52-week lows; falling 17.49% or 18.290 to 86.310. Shares in Henkel & Co KGaA AG Pref (DE:HNKG_p) fell to 5-year lows; losing 7.42% or 5.53 to 68.99. Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) fell to all time lows; losing 17.48% or 1.044 to 4.928. Shares in Commerzbank AG O.N. (DE:CBKG) fell to 5-year lows; losing 20.90% or 0.826 to 3.127. Shares in K+S AG NA O.N. (DE:SDFGn) fell to 5-year lows; falling 20.45% or 1.360 to 5.290. Shares in Prosiebensat 1 Media AG (DE:PSMGn) fell to 5-year lows; down 18.50% or 1.6960 to 7.4700. Shares in Wirecard AG (DE:WDIG) fell to 52-week lows; falling 17.49% or 18.290 to 86.310. Shares in S&T AG (DE:SANT1) fell to 52-week lows; losing 14.56% or 2.58 to 15.14.
The DAX volatility index, which measures the implied volatility of DAX options, was up 32.51% to 70.76 a new 5-year high.
Gold Futures for April delivery was down 3.08% or 50.65 to $1591.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 6.61% or 2.18 to hit $30.80 a barrel, while the May Brent oil contract fell 8.94% or 3.20 to trade at $32.59 a barrel.
EUR/USD was down 0.67% to 1.1191, while EUR/GBP rose 0.79% to 0.8854.
The US Dollar Index Futures was up 0.84% at 97.302.