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Germany stocks lower at close of trade; DAX down 1.52%

Stock MarketsSep 28, 2018 12:16PM ET
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© Reuters. Germany stocks lower at close of trade; DAX down 1.52%

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

At the close in Frankfurt, the DAX declined 1.52%, while the MDAX index lost 0.58%, and the TecDAX index lost 0.70%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 0.48% or 0.20 points to trade at 42.08 at the close. Meanwhile, Merck KGaA (DE:MRCG) added 0.14% or 0.12 points to end at 89.00 and Adidas AG (DE:ADSGN) was down 0.28% or 0.60 points to 210.90 in late trade.

The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 4.79% or 0.452 points to trade at 8.975 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 3.76% or 0.384 points to end at 9.828 and Allianz SE VNA O.N. (DE:ALVG) was down 2.78% or 5.50 points to 192.00.

The top performers on the MDAX were Norma Group AG NA O.N. (DE:NOEJ) which rose 1.94% to 55.050, Hugo Boss AG NA O.N. (DE:BOSSn) which was up 1.47% to settle at 66.320 and K+S AG NA O.N. (DE:SDFGn) which gained 1.29% to close at 18.080.

The worst performers were Talanx AG NA O.N. (DE:TLXGn) which was down 2.62% to 32.740 in late trade, Aareal Bank AG (DE:ARLG) which lost 2.36% to settle at 36.020 and Metro AG (DE:MEOG) which was down 2.09% to 6.084 at the close.

The top performers on the TecDAX were Telefonica Deutschland Holding AG (DE:O2Dn) which rose 3.64% to 3.641, S&T AG (DE:SANT1) which was up 2.85% to settle at 25.22 and Nordex SE O.N. (DE:NDXG) which gained 1.73% to close at 9.266.

The worst performers were SMA Solar Technology AG (DE:S92G) which was down 8.27% to 20.180 in late trade, Draegerwerk VZO O.N. (DE:DRWG_p) which lost 6.58% to settle at 54.650 and Medigene NA O.N. (DE:MDG1k) which was down 4.75% to 12.030 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 458 to 251 and 68 ended unchanged.

Shares in SMA Solar Technology AG (DE:S92G) fell to 3-years lows; falling 8.27% or 1.820 to 20.180. Shares in Draegerwerk VZO O.N. (DE:DRWG_p) fell to 52-week lows; falling 6.58% or 3.850 to 54.650.

The DAX volatility index, which measures the implied volatility of DAX options, was up 8.80% to 15.18.

Gold Futures for December delivery was up 0.80% or 9.50 to $1196.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.80% or 1.30 to hit $73.42 a barrel, while the December Brent oil contract rose 2.06% or 1.68 to trade at $83.06 a barrel.

EUR/USD was down 0.14% to 1.1625, while EUR/GBP rose 0.01% to 0.8902.

The US Dollar Index Futures was up 0.01% at 94.62.

Germany stocks lower at close of trade; DAX down 1.52%
 

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