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Germany stocks lower at close of trade; DAX down 1.53%

Published 05/29/2018, 12:15 PM
Updated 05/29/2018, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.53%

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

At the close in Frankfurt, the DAX declined 1.53%, while the MDAX index declined 1.29%, and the TecDAX index fell 1.84%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 0.89% or 0.35 points to trade at 39.70 at the close. Meanwhile, Thyssenkrupp AG O.N. (DE:TKAG) added 0.48% or 0.110 points to end at 22.840 and Fresenius SE & Co KGAA O.N. (DE:FREG) was up 0.12% or 0.080 points to 67.080 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 4.60% or 0.473 points to trade at 9.817 at the close. Commerzbank AG O.N. (DE:CBKG) declined 4.06% or 0.379 points to end at 8.962 and Muench. Rueckvers. VNA O.N. (DE:MUVGn) was down 3.70% or 6.95 points to 181.00.

The top performers on the MDAX were Aroundtown Property Holdings PLC (DE:AT1) which rose 0.94% to 6.975, Rocket Internet (DE:RKET) which was up 0.44% to settle at 23.00 and Tag Immobilien AG (DE:TEGG) which gained 0.28% to close at 17.940.

The worst performers were Axel Springer SE (DE:SPRGn) which was down 4.95% to 60.550 in late trade, Jungheinrich AG O.N.VZO (DE:JUNG_p) which lost 4.57% to settle at 34.240 and Leoni AG (DE:LEOGn) which was down 4.29% to 52.600 at the close.

The top performers on the TecDAX were RIB Software AG Na (DE:RIB) which rose 0.88% to 20.700, Aixtron SE (DE:AIXGn) which was up 0.45% to settle at 13.500 and SLM Solutions Group AG (DE:AM3D) which lost 0.15% to close at 32.50.

The worst performers were Sartorius AG VZO O.N. (DE:SATG_p) which was down 5.47% to 131.300 in late trade, GFT Technologies AG (DE:GFTG) which lost 5.03% to settle at 13.790 and CompuGroup Medical AG O.N. (DE:COPMa) which was down 4.77% to 39.100 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 549 to 180 and 59 ended unchanged.

Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) fell to 52-week lows; falling 4.60% or 0.473 to 9.817. Shares in Commerzbank AG O.N. (DE:CBKG) fell to 52-week lows; falling 4.06% or 0.379 to 8.962. Shares in Aroundtown Property Holdings PLC (DE:AT1) rose to all time highs; up 0.94% or 0.065 to 6.975. Shares in CompuGroup Medical AG O.N. (DE:COPMa) fell to 52-week lows; falling 4.77% or 1.960 to 39.100.

The DAX volatility index, which measures the implied volatility of DAX options, was up 6.61% to 19.15 a new 1-month high.

Gold Futures for June delivery was up 0.02% or 0.30 to $1304.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 2.81% or 1.91 to hit $65.97 a barrel, while the August Brent oil contract fell 0.78% or 0.59 to trade at $74.73 a barrel.

EUR/USD was down 0.63% to 1.1552, while EUR/GBP fell 0.22% to 0.8714.

The US Dollar Index Futures was up 0.39% at 94.73.

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