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Germany stocks lower at close of trade; DAX down 2.18%

Published 07/30/2019, 01:15 PM
Updated 07/30/2019, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 2.18%

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

At the close in Frankfurt, the DAX lost 2.18% to hit a new 1-month low, while the MDAX index lost 1.71%, and the TecDAX index lost 1.82%.

The best performers of the session on the DAX were Deutsche Boerse AG (DE:DB1Gn), which rose 0.36% or 0.450 points to trade at 124.800 at the close. Meanwhile, Beiersdorf AG O.N. (DE:BEIG) fell 0.61% or 0.650 points to end at 106.350 and RWE AG ST O.N. (DE:RWEG) was down 0.74% or 0.180 points to 24.300 in late trade.

The worst performers of the session were Deutsche Lufthansa AG (DE:LHAG), which fell 5.92% or 0.895 points to trade at 14.225 at the close. Fresenius Medical Care KGAA ST (DE:FMEG) declined 5.13% or 3.460 points to end at 63.940 and Bayer AG NA (DE:BAYGN) was down 3.66% or 2.17 points to 57.16.

The top performers on the MDAX were Stroeer SE (DE:SAXG) which rose 1.13% to 71.700, Siemens Healthineers AG (DE:SHLG) which was up 0.96% to settle at 38.05 and Dialog Semiconductor (DE:DLGS) which gained 0.42% to close at 40.220.

The worst performers were Grenke N AG (DE:GLJn) which was down 15.26% to 80.50 in late trade, Deutsche Pfandbriefbank AG (DE:PBBG) which lost 5.62% to settle at 10.07 and Freenet AG NA (DE:FNTGn) which was down 4.71% to 17.4100 at the close.

The top performers on the TecDAX were SLM Solutions Group AG (DE:AM3D) which rose 2.62% to 12.54, Siemens Healthineers AG (DE:SHLG) which was up 0.96% to settle at 38.05 and Dialog Semiconductor (DE:DLGS) which gained 0.42% to close at 40.2200.

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The worst performers were Medigene NA O.N. (DE:MDG1k) which was down 7.47% to 6.255 in late trade, Nordex SE O.N. (DE:NDXG) which lost 5.40% to settle at 10.860 and SMA Solar Technology AG (DE:S92G) which was down 4.97% to 21.780 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 544 to 141 and 73 ended unchanged.

Shares in Deutsche Lufthansa AG (DE:LHAG) fell to 52-week lows; down 5.92% or 0.895 to 14.225. Shares in Stroeer SE (DE:SAXG) rose to all time highs; gaining 1.13% or 0.800 to 71.700. Shares in Medigene NA O.N. (DE:MDG1k) fell to 3-years lows; down 7.47% or 0.505 to 6.255.

The DAX volatility index, which measures the implied volatility of DAX options, was up 12.10% to 15.57 a new 1-month high.

Gold Futures for August delivery was up 0.64% or 9.10 to $1429.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.93% or 0.53 to hit $57.40 a barrel, while the October Brent oil contract rose 0.94% or 0.60 to trade at $64.22 a barrel.

EUR/USD was up 0.05% to 1.1150, while EUR/GBP rose 0.50% to 0.9165.

The US Dollar Index Futures was up 0.05% at 97.843.

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