Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Germany stocks lower at close of trade; DAX down 1.40%

Published 05/31/2018, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.40%

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Insurance, Transportation & Logistics and Consumer & Cyclical sectors led shares lower.

At the close in Frankfurt, the DAX declined 1.40% to hit a new 1-month low, while the MDAX index lost 0.11%, and the TecDAX index lost 0.43%.

The best performers of the session on the DAX were Deutsche Boerse AG (DE:DB1Gn), which rose 1.24% or 1.400 points to trade at 114.400 at the close. Meanwhile, Covestro AG (DE:1COV) added 0.57% or 0.440 points to end at 77.940 and Linde AG 1 (DE:LIN1) was up 0.38% or 0.7500 points to 196.0000 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 6.92% or 0.682 points to trade at 9.180 at the close. Muench. Rueckvers. VNA O.N. (DE:MUVGn) declined 2.76% or 5.00 points to end at 176.30 and Fresenius SE & Co KGAA O.N. (DE:FREG) was down 2.66% or 1.800 points to 65.760.

The top performers on the MDAX were Hochtief AG (DE:HOTG) which rose 2.08% to 157.20, Rocket Internet (DE:RKET) which was up 1.92% to settle at 24.36 and Axel Springer SE (DE:SPRGn) which gained 1.80% to close at 62.100.

The worst performers were Leoni AG (DE:LEOGn) which was down 3.02% to 51.460 in late trade, Metro Wholesale & Food Specialist AG (DE:B4B) which lost 2.46% to settle at 11.5200 and Gerresheimer AG (DE:GXIG) which was down 2.34% to 66.650 at the close.

The top performers on the TecDAX were SLM Solutions Group AG (DE:AM3D) which rose 4.39% to 34.50, Nordex SE O.N. (DE:NDXG) which was up 3.71% to settle at 10.480 and RIB Software AG Na (DE:RIB) which gained 2.25% to close at 21.800.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The worst performers were SMA Solar Technology AG (DE:S92G) which was down 5.85% to 51.500 in late trade, GFT Technologies AG (DE:GFTG) which lost 3.06% to settle at 13.620 and Morphosys AG O.N. (DE:MORG) which was down 2.52% to 89.050 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 431 to 274 and 84 ended unchanged.

Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) fell to 5-year lows; losing 6.92% or 0.682 to 9.180.

The DAX volatility index, which measures the implied volatility of DAX options, was up 0.36% to 17.70.

Gold Futures for June delivery was down 0.08% or 1.00 to $1300.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 1.77% or 1.21 to hit $67.00 a barrel, while the August Brent oil contract rose 0.49% or 0.38 to trade at $78.10 a barrel.

EUR/USD was up 0.07% to 1.1671, while EUR/GBP fell 0.03% to 0.8777.

The US Dollar Index Futures was down 0.02% at 94.04.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.