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Germany stocks lower at close of trade; DAX down 1.25%

Published 02/09/2018, 12:15 PM
Updated 02/09/2018, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.25%

Investing.com – Germany stocks were lower after the close on Friday, as losses in the Industrials, Media and Software sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.25% to hit a new 3-months low, while the MDAX index declined 0.81%, and the TecDAX index declined 0.59%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 0.71% or 0.150 points to trade at 21.410 at the close. Meanwhile, Beiersdorf AG O.N. (DE:BEIG) fell 0.04% or 0.040 points to end at 90.660 and Henkel & Co KGaA AG Pref (DE:HNKG_p) was down 0.05% or 0.05 points to 104.30 in late trade.

The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 4.09% or 0.510 points to trade at 11.948 at the close. Prosiebensat 1 Media AG (DE:PSMGn) declined 2.43% or 0.720 points to end at 28.860 and Siemens AG Class N (DE:SIEGn) was down 2.26% or 2.48 points to 107.02.

The top performers on the MDAX were Bilfinger SE O.N. (DE:GBFG) which rose 2.01% to 34.580, Hannover Rueck SE (DE:HNRGn) which was up 1.55% to settle at 111.20 and RTL Group SA (DE:RRTL) which gained 1.44% to close at 67.000.

The worst performers were Metro AG (DE:MEOG) which was down 2.99% to 10.875 in late trade, Kion Group AG (DE:KGX) which lost 2.41% to settle at 68.72 and Schaeffler AG Pref (DE:SHA_p) which was down 2.31% to 12.89 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE:MDG1k) which rose 5.42% to 16.350, Pfeiffer Vacuum Technology O.N. (DE:PV) which was up 2.88% to settle at 153.50 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 1.33% to close at 95.050.

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The worst performers were Aixtron SE (DE:AIXGn) which was down 4.24% to 11.065 in late trade, SMA Solar Technology AG (DE:S92G) which lost 3.24% to settle at 42.400 and RIB Software AG Na (DE:RIB) which was down 3.09% to 25.080 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 585 to 164 and 56 ended unchanged.

Shares in Henkel & Co KGaA AG Pref (DE:HNKG_p) fell to 52-week lows; falling 0.05% or 0.05 to 104.30. Shares in Siemens AG Class N (DE:SIEGn) fell to 52-week lows; down 2.26% or 2.48 to 107.02.

The DAX volatility index, which measures the implied volatility of DAX options, was up 50.80% to 40.07 a new 5-year high.

Gold Futures for April delivery was up 0.14% or 1.80 to $1320.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 3.12% or 1.91 to hit $59.24 a barrel, while the April Brent oil contract fell 2.89% or 1.87 to trade at $62.94 a barrel.

EUR/USD was down 0.21% to 1.2221, while EUR/GBP rose 0.72% to 0.8865.

The US Dollar Index Futures was up 0.21% at 90.38.

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