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Germany stocks lower at close of trade; DAX down 1.48%

Published 10/11/2018, 12:15 PM
Updated 10/11/2018, 12:16 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.48%

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

At the close in Frankfurt, the DAX lost 1.48% to hit a new 52-week low, while the MDAX index declined 1.43%, and the TecDAX index fell 0.26%.

The best performers of the session on the DAX were Bayer AG NA (DE:BAYGN), which rose 3.08% or 2.31 points to trade at 77.32 at the close. Meanwhile, Wirecard AG (DE:WDIG) added 2.11% or 3.300 points to end at 159.550 and RWE AG ST O.N. (DE:RWEG) was up 1.26% or 0.215 points to 17.320 in late trade.

The worst performers of the session were Merck KGaA (DE:MRCG), which fell 3.99% or 3.58 points to trade at 86.16 at the close. Allianz SE VNA O.N. (DE:ALVG) declined 3.38% or 6.38 points to end at 182.28 and Thyssenkrupp AG O.N. (DE:TKAG) was down 3.11% or 0.640 points to 19.920.

The top performers on the MDAX were Metro AG (DE:MEOG) which rose 7.02% to 4.694, Siltronic AG (DE:WAFGn) which was up 2.08% to settle at 92.280 and Morphosys AG O.N. (DE:MORG) which gained 1.90% to close at 80.3500.

The worst performers were Osram Licht AG (DE:OSRn) which was down 5.48% to 30.00 in late trade, Deutsche Pfandbriefbank AG (DE:PBBG) which lost 4.42% to settle at 12.33 and Hannover Rueck SE (DE:HNRGn) which was down 3.97% to 116.10 at the close.

The top performers on the TecDAX were Dialog Semiconductor (DE:DLGS) which rose 26.70% to 21.0000, Metro AG ST O.N. (DE:CECG) which was up 6.57% to settle at 4.674 and Tele Columbus AG (DE:TC1n) which gained 5.10% to close at 2.88.

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The worst performers were Heidelberger Druckmaschinen O.N. (DE:HDDG) which was down 8.33% to 2.0260 in late trade, Aumann AG (DE:AAGG) which lost 6.93% to settle at 44.3500 and Indus Holding AG (DE:INHG) which was down 5.62% to 47.000 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 610 to 127 and 41 ended unchanged.

Shares in Osram Licht AG (DE:OSRn) fell to 3-years lows; down 5.48% or 1.74 to 30.00. Shares in Heidelberger Druckmaschinen O.N. (DE:HDDG) fell to 52-week lows; falling 8.33% or 0.1840 to 2.0260. Shares in Aumann AG (DE:AAGG) fell to all time lows; down 6.93% or 3.3000 to 44.3500. Shares in Indus Holding AG (DE:INHG) fell to 52-week lows; losing 5.62% or 2.800 to 47.000.

The DAX volatility index, which measures the implied volatility of DAX options, was up 9.53% to 18.73 a new 1-month high.

Gold Futures for December delivery was up 2.55% or 30.40 to $1223.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 2.09% or 1.53 to hit $71.64 a barrel, while the December Brent oil contract fell 2.23% or 1.85 to trade at $81.24 a barrel.

EUR/USD was up 0.47% to 1.1576, while EUR/GBP rose 0.40% to 0.8768.

The US Dollar Index Futures was down 0.38% at 94.86.

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