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Germany stocks lower at close of trade; DAX down 1.78%

Published 05/23/2019, 01:15 PM
Updated 05/23/2019, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.78%

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

At the close in Frankfurt, the DAX lost 1.78%, while the MDAX index declined 1.81%, and the TecDAX index fell 2.46%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 0.91% or 0.43 points to trade at 47.59 at the close. Meanwhile, Beiersdorf AG O.N. (DE:BEIG) added 0.84% or 0.850 points to end at 102.050 and Deutsche Telekom AG Na (DE:DTEGn) was down 0.29% or 0.044 points to 15.046 in late trade.

The worst performers of the session were Daimler AG NA O.N. (DE:DAIGn), which fell 6.75% or 3.430 points to trade at 47.400 at the close. Covestro AG (DE:1COV) declined 5.13% or 2.220 points to end at 41.080 and Thyssenkrupp AG O.N. (DE:TKAG) was down 4.80% or 0.615 points to 12.185.

The top performers on the MDAX were CTS Eventim AG (DE:EVDG) which rose 1.24% to 45.560, Deutsche Wohnen AG (DE:DWNG) which was up 0.40% to settle at 42.760 and Tag Immobilien AG (DE:TEGG) which gained 0.10% to close at 20.740.

The worst performers were Aareal Bank AG (DE:ARLG) which was down 9.14% to 26.440 in late trade, Uniper SE (DE:UN01) which lost 6.23% to settle at 24.700 and Kion Group AG (DE:KGX) which was down 5.03% to 52.08 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which rose 0.42% to 19.050, Deutsche Telekom AG Na (DE:DTEGn) which was down 0.29% to settle at 15.046 and Qiagen NV (DE:QIA) which lost 0.29% to close at 34.540.

The worst performers were RIB Software AG Na (DE:RIB) which was down 5.36% to 15.540 in late trade, Pfeiffer Vacuum Technology O.N. (DE:PV) which lost 4.89% to settle at 132.30 and S&T AG (DE:SANT1) which was down 4.88% to 19.67 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 566 to 136 and 71 ended unchanged.

Shares in Covestro AG (DE:1COV) fell to 52-week lows; down 5.13% or 2.220 to 41.080.

The DAX volatility index, which measures the implied volatility of DAX options, was up 13.78% to 18.16.

Gold Futures for June delivery was up 0.95% or 12.05 to $1286.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 6.51% or 4.00 to hit $57.42 a barrel, while the July Brent oil contract fell 5.51% or 3.91 to trade at $67.08 a barrel.

EUR/USD was up 0.29% to 1.1184, while EUR/GBP rose 0.20% to 0.8824.

The US Dollar Index Futures was down 0.21% at 97.672.

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