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Germany stocks lower at close of trade; DAX down 1.46%

Published 08/29/2017, 12:15 PM
Updated 08/29/2017, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.46%

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

At the close in Frankfurt, the DAX lost 1.46% to hit a new 3-months low, while the MDAX index declined 1.29%, and the TecDAX index lost 1.17%.

The best performers of the session on the DAX were Beiersdorf AG O.N. (DE:BEIG), which fell 0.08% or 0.070 points to trade at 88.540 at the close. Meanwhile, Fresenius SE & Co KGAA O.N. (DE:FREG) fell 0.15% or 0.110 points to end at 70.990 and Vonovia SE (DE:VNAn) was down 0.26% or 0.09 points to 34.95 in late trade.

The worst performers of the session were Prosiebensat 1 Media AG (DE:PSMGn), which fell 14.53% or 4.750 points to trade at 27.935 at the close. Commerzbank AG O.N. (DE:CBKG) declined 3.26% or 0.345 points to end at 10.230 and Thyssenkrupp AG O.N. (DE:TKAG) was down 3.09% or 0.780 points to 24.475.

The top performers on the MDAX were Rational AG (BS:RAAd) which rose 3.64% to 547.40, Steinhoff International Holdings NV (DE:SNHG) which was up 1.08% to settle at 3.94 and Tag Immobilien AG (DE:TEGG) which gained 0.40% to close at 13.885.

The worst performers were RTL Group SA (DE:RRTL) which was down 5.03% to 62.350 in late trade, Stroeer SE (DE:SAXG) which lost 4.10% to settle at 52.460 and Metro AG (DE:MEOG) which was down 3.86% to 8.886 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which rose 0.88% to 35.100, Slm Solution G (DE:AM3D) which was up 0.43% to settle at 30.62 and GFT Technologies AG (DE:GFTG) which gained 0.06% to close at 15.530.

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The worst performers were Adva Optical Networking SE (DE:ADAG) which was down 27.52% to 4.370 in late trade, Medigene NA O.N. (DE:MDG1k) which lost 3.23% to settle at 9.193 and Software AG O.N. (DE:SOWG) which was down 2.72% to 35.705 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 637 to 132 and 23 ended unchanged.

Shares in Prosiebensat 1 Media AG (DE:PSMGn) fell to 3-years lows; losing 14.53% or 4.750 to 27.935. Shares in Rational AG (BS:RAAd) rose to all time highs; up 3.64% or 19.25 to 547.40. Shares in RTL Group SA (DE:RRTL) fell to 3-years lows; down 5.03% or 3.300 to 62.350. Shares in Adva Optical Networking SE (DE:ADAG) fell to 52-week lows; down 27.52% or 1.659 to 4.370.

The DAX volatility index, which measures the implied volatility of DAX options, was up 10.16% to 16.89.

Gold Futures for December delivery was up 0.43% or 5.69 to $1320.99 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 1.42% or 0.66 to hit $45.91 a barrel, while the November Brent oil contract fell 0.19% or 0.10 to trade at $51.32 a barrel.

EUR/USD was up 0.33% to 1.2017, while EUR/GBP rose 0.31% to 0.9291.

The US Dollar Index Futures was down 0.24% at 91.95.

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