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Germany stocks lower at close of trade; DAX down 1.33%

Published 01/31/2020, 01:15 PM
Updated 01/31/2020, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.33%

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

At the close in Frankfurt, the DAX declined 1.33% to hit a new 1-month low, while the MDAX index fell 0.72%, and the TecDAX index fell 1.41%.

The best performers of the session on the DAX were Continental AG O.N. (DE:CONG), which fell 0.10% or 0.10 points to trade at 102.94 at the close. Meanwhile, Vonovia SE (DE:VNAn) fell 0.15% or 0.08 points to end at 51.54 and SAP SE (DE:SAPG) was down 0.30% or 0.360 points to 117.820 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (DE:IFXGn), which fell 3.85% or 0.784 points to trade at 19.576 at the close. Wirecard AG (DE:WDIG) declined 2.45% or 3.350 points to end at 133.200 and Adidas AG (DE:ADSGN) was down 2.42% or 7.10 points to 285.80.

The top performers on the MDAX were Deutsche Pfandbriefbank AG (DE:PBBG) which rose 1.96% to 14.58, K+S AG NA O.N. (DE:SDFGn) which was up 1.52% to settle at 8.800 and Software AG (DE:SOWGn) which gained 1.41% to close at 30.150.

The worst performers were Thyssenkrupp AG O.N. (DE:TKAG) which was down 4.61% to 11.165 in late trade, Siltronic AG (DE:WAFGn) which lost 3.43% to settle at 97.680 and Varta AG (DE:VAR1) which was down 3.03% to 76.900 at the close.

The top performers on the TecDAX were Jenoptik AG (DE:JENGn) which rose 2.89% to 24.920, Software AG (DE:SOWGn) which was up 1.41% to settle at 30.150 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 0.86% to close at 210.600.

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The worst performers were Infineon Technologies AG NA O.N. (DE:IFXGn) which was down 3.85% to 19.576 in late trade, Siltronic AG (DE:WAFGn) which lost 3.43% to settle at 97.680 and Varta AG (DE:VAR1) which was down 3.03% to 76.900 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 472 to 206 and 71 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.27% to 17.58.

Gold Futures for February delivery was down 0.02% or 0.30 to $1583.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 1.71% or 0.89 to hit $51.25 a barrel, while the April Brent oil contract fell 1.87% or 1.07 to trade at $56.26 a barrel.

EUR/USD was up 0.46% to 1.1080, while EUR/GBP fell 0.28% to 0.8398.

The US Dollar Index Futures was down 0.42% at 97.295.

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