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

Published 07/11/2018, 12:15 PM
Updated 07/11/2018, 12:16 PM
© Reuters. Germany stocks lower at close of trade; DAX down 1.53%

Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Basic Resources, Technology and Chemicals sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.53%, while the MDAX index declined 0.87%, and the TecDAX index lost 0.55%.

The best performers of the session on the DAX were Beiersdorf AG O.N. (DE:BEIG), which rose 1.40% or 1.360 points to trade at 98.740 at the close. Meanwhile, Deutsche Boerse AG (DE:DB1Gn) added 0.34% or 0.400 points to end at 118.850 and Muench. Rueckvers. VNA O.N. (DE:MUVGn) was down 0.08% or 0.15 points to 185.90 in late trade.

The worst performers of the session were Thyssenkrupp AG O.N. (DE:TKAG), which fell 4.27% or 0.920 points to trade at 20.630 at the close. Bayer AG NA (DE:BAYGN) declined 2.36% or 2.23 points to end at 92.40 and Linde AG 1 (DE:LIN1) was down 2.29% or 4.9000 points to 209.1000.

The top performers on the MDAX were Rocket Internet (DE:RKET) which rose 1.03% to 29.30, Innogy SE (DE:IGY) which was up 0.57% to settle at 36.790 and Gerresheimer AG (DE:GXIG) which gained 0.43% to close at 70.200.

The worst performers were Salzgitter AG (DE:SZGG) which was down 3.09% to 37.600 in late trade, Jungheinrich AG O.N.VZO (DE:JUNG_p) which lost 2.98% to settle at 30.600 and Schaeffler AG Pref (DE:SHA_p) which was down 2.99% to 11.21 at the close.

The top performers on the TecDAX were Bechtle AG (DE:BC8G) which rose 2.29% to 71.350, Sartorius AG VZO O.N. (DE:SATG_p) which was up 1.52% to settle at 140.600 and RIB Software AG Na (DE:RIB) which gained 1.06% to close at 19.100.

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The worst performers were Pfeiffer Vacuum Technology O.N. (DE:PV) which was down 3.49% to 132.80 in late trade, Nordex SE O.N. (DE:NDXG) which lost 3.40% to settle at 9.844 and S&T AG (DE:SANT1) which was down 3.27% to 23.08 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 561 to 159 and 62 ended unchanged.

Shares in Deutsche Boerse AG (DE:DB1Gn) rose to 5-year highs; rising 0.34% or 0.400 to 118.850. Shares in Rocket Internet (DE:RKET) rose to 52-week highs; rising 1.03% or 0.30 to 29.30. Shares in Sartorius AG VZO O.N. (DE:SATG_p) rose to 52-week highs; up 1.52% or 2.100 to 140.600.

The DAX volatility index, which measures the implied volatility of DAX options, was up 11.28% to 15.87.

Gold Futures for August delivery was down 0.69% or 8.70 to $1246.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 2.47% or 1.83 to hit $72.28 a barrel, while the September Brent oil contract fell 3.34% or 2.63 to trade at $76.23 a barrel.

EUR/USD was down 0.19% to 1.1722, while EUR/GBP rose 0.09% to 0.8854.

The US Dollar Index Futures was up 0.26% at 94.09.

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