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Germany stocks lower at close of trade; DAX down 1.39%

Stock MarketsJun 28, 2018 12:18PM ET
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© Reuters. Germany stocks lower at close of trade; DAX down 1.39%

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Technology, Software and Food & Beverages sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.39% to hit a new 1-month low, while the MDAX index lost 1.48%, and the TecDAX index declined 2.70%.

The best performers of the session on the DAX were Commerzbank AG O.N. (DE:CBKG), which rose 0.66% or 0.054 points to trade at 8.191 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 0.34% or 0.065 points to end at 19.375 and Deutsche Bank AG NA O.N. (DE:DBKGn) was up 0.11% or 0.010 points to 9.062 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (DE:IFXGn), which fell 4.23% or 0.940 points to trade at 21.270 at the close. Adidas AG (DE:ADSGN) declined 2.70% or 5.10 points to end at 184.00 and SAP SE (DE:SAPG) was down 2.67% or 2.670 points to 97.280.

The top performers on the MDAX were Puma SE (DE:PUMG) which rose 3.72% to 487.50, Talanx AG NA O.N. (DE:TLXGn) which was up 0.58% to settle at 31.160 and Uniper SE (DE:UN01) which gained 0.43% to close at 25.400.

The worst performers were Osram Licht AG (DE:OSRn) which was down 21.67% to 32.90 in late trade, Fielmann AG (DE:FIEG) which lost 13.09% to settle at 59.100 and Schaeffler AG Pref (DE:SHA_p) which was down 5.67% to 11.14 at the close.

The top performers on the TecDAX were Siemens Healthineers AG (DE:SHLG) which rose 0.73% to 35.70, CompuGroup Medical AG O.N. (DE:COPMa) which was up 0.50% to settle at 43.920 and Draegerwerk VZO O.N. (DE:DRWG_p) which lost 0.24% to close at 61.650.

The worst performers were Isra Vision O.N. (DE:ISRG) which was down 9.12% to 53.80 in late trade, Drillisch AG (DE:DRIG) which lost 7.00% to settle at 48.360 and Wirecard AG (DE:WDIG) which was down 6.42% to 135.225 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 567 to 155 and 61 ended unchanged.

Shares in Osram Licht AG (DE:OSRn) fell to 3-years lows; down 21.67% or 9.10 to 32.90. Shares in Fielmann AG (DE:FIEG) fell to 52-week lows; losing 13.09% or 8.900 to 59.100. Shares in Schaeffler AG Pref (DE:SHA_p) fell to all time lows; losing 5.67% or 0.67 to 11.14. Shares in Drillisch AG (DE:DRIG) fell to 52-week lows; losing 7.00% or 3.640 to 48.360.

The DAX volatility index, which measures the implied volatility of DAX options, was up 6.69% to 19.64 a new 1-month high.

Gold Futures for August delivery was down 0.35% or 4.40 to $1251.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.98% or 0.71 to hit $73.47 a barrel, while the September Brent oil contract fell 0.10% or 0.08 to trade at $77.38 a barrel.

EUR/USD was up 0.25% to 1.1582, while EUR/GBP rose 0.39% to 0.8844.

The US Dollar Index Futures was down 0.13% at 94.90.

Germany stocks lower at close of trade; DAX down 1.39%
 

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