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Germany stocks lower at close of trade; DAX down 1.61%

Published 03/22/2019, 02:15 PM
Updated 03/22/2019, 02:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.61%

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

At the close in Frankfurt, the DAX declined 1.61% to hit a new 1-month low, while the MDAX index lost 1.63%, and the TecDAX index declined 1.22%.

The best performers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which rose 3.04% or 0.700 points to trade at 23.750 at the close. Meanwhile, Deutsche Boerse AG (DE:DB1Gn) added 0.72% or 0.800 points to end at 111.900 and Adidas AG (DE:ADSGN) was up 0.67% or 1.40 points to 209.90 in late trade.

The worst performers of the session were Fresenius SE & Co KGAA O.N. (DE:FREG), which fell 4.23% or 2.040 points to trade at 46.240 at the close. Thyssenkrupp AG O.N. (DE:TKAG) declined 3.52% or 0.450 points to end at 12.325 and Bayer AG NA (DE:BAYGN) was down 3.23% or 1.98 points to 59.30.

The top performers on the MDAX were Aroundtown Property Holdings PLC (DE:AT1) which rose 0.78% to 7.775, LEG Immobilien AG (DE:LEGn) which was up 0.56% to settle at 106.800 and Alstria Office Reit-Ag (DE:AOXG) which gained 0.51% to close at 13.830.

The worst performers were Duerr AG (DE:DUEG) which was down 4.99% to 34.290 in late trade, K+S AG NA O.N. (DE:SDFGn) which lost 4.93% to settle at 16.205 and Lanxess AG (DE:LXSG) which was down 4.65% to 48.440 at the close.

The top performers on the TecDAX were Aixtron SE NA O.N. (DE:AIXGn) which rose 1.77% to 8.4160, Dialog Semiconductor (DE:DLGS) which was up 0.98% to settle at 27.9200 and Xing AG (DE:OBCGn) which gained 0.48% to close at 316.50.

The worst performers were Medigene NA O.N. (DE:MDG1k) which was down 4.23% to 8.725 in late trade, SLM Solutions Group AG (DE:AM3D) which lost 3.53% to settle at 6.01 and SMA Solar Technology AG (DE:S92G) which was down 2.91% to 22.660 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 538 to 172 and 71 ended unchanged.

Shares in RWE AG ST O.N. (DE:RWEG) rose to 3-years highs; gaining 3.04% or 0.700 to 23.750. Shares in LEG Immobilien AG (DE:LEGn) rose to all time highs; rising 0.56% or 0.600 to 106.800. Shares in Alstria Office Reit-Ag (DE:AOXG) rose to 3-years highs; rising 0.51% or 0.070 to 13.830. Shares in SLM Solutions Group AG (DE:AM3D) fell to all time lows; falling 3.53% or 0.22 to 6.01.

The DAX volatility index, which measures the implied volatility of DAX options, was up 11.43% to 18.23 a new 1-month high.

Gold Futures for April delivery was up 0.29% or 3.75 to $1311.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 1.87% or 1.12 to hit $58.86 a barrel, while the May Brent oil contract fell 1.62% or 1.10 to trade at $66.76 a barrel.

EUR/USD was down 0.77% to 1.1285, while EUR/GBP fell 1.43% to 0.8550.

The US Dollar Index Futures was up 0.23% at 96.208.

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