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Germany stocks lower at close of trade; DAX down 1.31%

Published 03/31/2022, 01:15 PM
Updated 03/31/2022, 01:15 PM
©  Reuters Germany stocks lower at close of trade; DAX down 1.31%

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Retail, Construction and Financial Services sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.31%, while the MDAX index declined 1.61%, and the TecDAX index fell 1.37%.

The best performers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which rose 2.28% or 0.88 points to trade at 39.53 at the close. Meanwhile, Fresenius SE & Co KGAA O.N. (DE:FREG) added 1.97% or 0.64 points to end at 33.35 and Fresenius Medical Care KGAA ST (DE:FMEG) was up 1.27% or 0.76 points to 60.76 in late trade.

The worst performers of the session were HelloFresh SE (DE:HFGG), which fell 8.26% or 3.69 points to trade at 40.96 at the close. Zalando SE (DE:ZALG) declined 6.60% or 3.25 points to end at 46.00 and Delivery Hero AG (DE:DHER) was down 6.59% or 2.81 points to 39.86.

The top performers on the MDAX were Wacker Chemie O.N. (DE:WCHG) which rose 1.91% to 154.75, CTS Eventim AG (DE:EVDG) which was up 1.14% to settle at 62.02 and Freenet AG NA (DE:FNTGn) which gained 0.87% to close at 24.30.

The worst performers were Commerzbank AG O.N. (DE:CBKG) which was down 5.49% to 6.93 in late trade, Uniper SE (DE:UN01) which lost 5.38% to settle at 23.40 and Lanxess AG (DE:LXSG) which was down 5.32% to 39.89 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 0.89% to 15.86, Freenet AG NA (DE:FNTGn) which was up 0.87% to settle at 24.30 and CompuGroup Medical AG O.N. (DE:COP1n) which gained 0.64% to close at 55.40.

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The worst performers were Eckert & Ziegler AG O.N. (DE:EUZG) which was down 4.59% to 58.20 in late trade, Jenoptik AG (DE:JENGn) which lost 3.58% to settle at 27.48 and Suse SA (DE:SUSEG) which was down 3.44% to 29.22 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 492 to 201 and 70 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.28% to 29.27.

Gold Futures for April delivery was up 0.64% or 12.30 to $1,945.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 4.65% or 5.01 to hit $102.81 a barrel, while the June Brent oil contract fell 3.95% or 4.40 to trade at $107.04 a barrel.

EUR/USD was down 0.62% to 1.11, while EUR/GBP fell 0.71% to 0.84.

The US Dollar Index Futures was up 0.41% at 98.28.

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