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Germany stocks lower at close of trade; DAX down 1.51%

Published 03/05/2020, 01:15 PM
Updated 03/05/2020, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.51%

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

At the close in Frankfurt, the DAX declined 1.51%, while the MDAX index lost 1.58%, and the TecDAX index lost 1.32%.

The best performers of the session on the DAX were Beiersdorf AG O.N. (DE:BEIG), which rose 1.39% or 1.380 points to trade at 100.800 at the close. Meanwhile, Deutsche Boerse AG (DE:DB1Gn) added 1.29% or 1.950 points to end at 153.450 and Vonovia SE (DE:VNAn) was up 0.34% or 0.18 points to 52.94 in late trade.

The worst performers of the session were Continental AG O.N. (DE:CONG), which fell 12.55% or 12.08 points to trade at 84.18 at the close. Infineon Technologies AG NA O.N. (DE:IFXGn) declined 5.70% or 1.078 points to end at 17.830 and Henkel & Co KGaA AG Pref (DE:HNKG_p) was down 5.29% or 4.58 points to 81.98.

The top performers on the MDAX were Hugo Boss AG NA O.N. (DE:BOSSn) which rose 2.82% to 39.070, TeamViewer AG (DE:TMV) which was up 2.25% to settle at 35.02 and Varta AG (DE:VAR1) which gained 1.64% to close at 74.300.

The worst performers were Thyssenkrupp AG O.N. (DE:TKAG) which was down 7.14% to 7.295 in late trade, Prosiebensat 1 Media AG (DE:PSMGn) which lost 7.08% to settle at 10.0400 and Hella KGaA Hueck & Co (DE:HLE) which was down 5.62% to 34.62 at the close.

The top performers on the TecDAX were TeamViewer AG (DE:TMV) which rose 2.25% to 35.02, Varta AG (DE:VAR1) which was up 1.64% to settle at 74.300 and New Work SE (DE:NWOn) which gained 1.28% to close at 237.00.

The worst performers were Infineon Technologies AG NA O.N. (DE:IFXGn) which was down 5.70% to 17.830 in late trade, Dialog Semiconductor (DE:DLGS) which lost 4.94% to settle at 29.840 and Nordex SE O.N. (DE:NDXG) which was down 3.90% to 10.600 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 515 to 168 and 65 ended unchanged.

Shares in Continental AG O.N. (DE:CONG) fell to 5-year lows; down 12.55% or 12.08 to 84.18. Shares in Thyssenkrupp AG O.N. (DE:TKAG) fell to all time lows; falling 7.14% or 0.561 to 7.295. Shares in Prosiebensat 1 Media AG (DE:PSMGn) fell to 5-year lows; down 7.08% or 0.7650 to 10.0400. Shares in Hella KGaA Hueck & Co (DE:HLE) fell to 52-week lows; losing 5.62% or 2.06 to 34.62.

The DAX volatility index, which measures the implied volatility of DAX options, was up 9.50% to 32.62.

Gold Futures for April delivery was up 1.58% or 25.90 to $1668.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 1.56% or 0.73 to hit $46.05 a barrel, while the May Brent oil contract fell 1.88% or 0.96 to trade at $50.17 a barrel.

EUR/USD was up 0.72% to 1.1214, while EUR/GBP rose 0.21% to 0.8667.

The US Dollar Index Futures was down 0.61% at 96.713.

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