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Germany stocks lower at close of trade; DAX down 1.57%

Published 03/20/2019, 02:15 PM
Updated 03/20/2019, 02:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.57%

Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Pharmaceuticals & Healthcare, Basic Resources and Transportation & Logistics sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.57%, while the MDAX index declined 1.24%, and the TecDAX index lost 0.96%.

The best performers of the session on the DAX were Fresenius SE & Co KGAA O.N. (DE:FREG), which rose 1.41% or 0.690 points to trade at 49.510 at the close. Meanwhile, Beiersdorf AG O.N. (DE:BEIG) added 1.40% or 1.220 points to end at 88.560 and E.ON SE NA (DE:EONGn) was up 1.34% or 0.130 points to 9.824 in late trade.

The worst performers of the session were Bayer AG NA (DE:BAYGN), which fell 10.09% or 7.03 points to trade at 62.67 at the close. Bayerische Motoren Werke AG (DE:BMWG) declined 4.94% or 3.740 points to end at 71.980 and Wirecard AG (DE:WDIG) was down 3.60% or 4.000 points to 107.100.

The top performers on the MDAX were Gerresheimer AG (DE:GXIG) which rose 2.14% to 69.300, Jungheinrich AG O.N.VZO (DE:JUNG_p) which was up 1.97% to settle at 27.940 and Morphosys AG O.N. (DE:MORG) which gained 0.90% to close at 84.3500.

The worst performers were Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which was down 6.24% to 38.160 in late trade, Hannover Rueck SE (DE:HNRGn) which lost 4.08% to settle at 126.80 and Norma Group AG NA O.N. (DE:NOEJ) which was down 3.62% to 44.780 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE:MDG1k) which rose 1.60% to 8.875, Xing AG (DE:OBCGn) which was up 1.14% to settle at 309.50 and Morphosys AG O.N. (DE:MORG) which gained 0.90% to close at 84.350.

The worst performers were Wirecard AG (DE:WDIG) which was down 3.60% to 107.100 in late trade, Isra Vision O.N. (DE:ISRG) which lost 3.11% to settle at 34.25 and Aixtron SE NA O.N. (DE:AIXGn) which was down 2.29% to 8.1200 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 511 to 201 and 64 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 12.23% to 14.96.

Gold Futures for April delivery was up 0.53% or 6.95 to $1313.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.25% or 0.74 to hit $60.03 a barrel, while the May Brent oil contract rose 1.08% or 0.73 to trade at $68.34 a barrel.

EUR/USD was up 0.51% to 1.1407, while EUR/GBP rose 0.89% to 0.8629.

The US Dollar Index Futures was down 0.38% at 95.470.

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