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

Published 06/18/2021, 12:15 PM
Updated 06/18/2021, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.78%

Investing.com – Germany stocks were lower after the close on Friday, as losses in the Technology, Insurance and Consumer & Cyclical sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.78%, while the MDAX index declined 0.58%, and the TecDAX index declined 0.53%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 0.30% or 0.16 points to trade at 53.62 at the close. Meanwhile, Fresenius Medical Care KGAA ST (DE:FMEG) added 0.03% or 0.020 points to end at 70.160 and Deutsche Boerse AG (DE:DB1Gn) was down 0.03% or 0.050 points to 144.150 in late trade.

The worst performers of the session were Henkel & Co KGaA AG Pref (DE:HNKG_p), which fell 5.19% or 4.91 points to trade at 89.69 at the close. Infineon Technologies AG NA O.N. (DE:IFXGn) declined 4.40% or 1.495 points to end at 32.445 and Covestro AG (DE:1COV) was down 3.61% or 1.940 points to 51.780.

The top performers on the MDAX were TeamViewer AG (DE:TMV) which rose 3.60% to 33.93, Rational AG (DE:RAAG) which was up 3.09% to settle at 733.20 and Knorr-Bremse AG (DE:KBX) which gained 1.96% to close at 106.80.

The worst performers were Wacker Chemie O.N. (DE:WCHG) which was down 4.61% to 123.65 in late trade, Varta AG (DE:VAR1) which lost 4.29% to settle at 134.950 and K&S AG (DE:SDFGn) which was down 3.72% to 11.130 at the close.

The top performers on the TecDAX were Eckert & Ziegler AG O.N. (DE:EUZG) which rose 3.91% to 91.700, TeamViewer AG (DE:TMV) which was up 3.60% to settle at 33.93 and Draegerwerk VZO O.N. (DE:DRWG_p) which gained 2.65% to close at 77.350.

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The worst performers were Infineon Technologies AG NA O.N. (DE:IFXGn) which was down 4.40% to 32.445 in late trade, Varta AG (DE:VAR1) which lost 4.29% to settle at 134.950 and Freenet AG NA (DE:FNTGn) which was down 2.94% to 21.810 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 509 to 180 and 63 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 17.24% to 21.56.

Gold Futures for August delivery was up 0.06% or 1.15 to $1775.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.00% or 0.71 to hit $71.75 a barrel, while the August Brent oil contract rose 0.62% or 0.45 to trade at $73.53 a barrel.

EUR/USD was down 0.23% to 1.1879, while EUR/GBP rose 0.50% to 0.8594.

The US Dollar Index Futures was up 0.34% at 92.188.

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