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Germany stocks lower at close of trade; DAX down 2.31%

Stock MarketsSep 20, 2021 12:15PM ET
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© Reuters. Germany stocks lower at close of trade; DAX down 2.31%

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

At the close in Frankfurt, the DAX fell 2.31% to hit a new 3-months low, while the MDAX index lost 1.40%, and the TecDAX index lost 1.40%.

The best performers of the session on the DAX were MTU Aero Engines NA O.N. (DE:MTXGn), which rose 3.00% or 5.65 points to trade at 194.15 at the close. Meanwhile, Qiagen NV (DE:QIA) added 0.99% or 0.455 points to end at 46.560 and Fresenius Medical Care KGAA ST (DE:FMEG) was up 0.85% or 0.510 points to 60.650 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 7.67% or 0.850 points to trade at 10.230 at the close. Continental AG O.N. (DE:CONG) declined 5.59% or 5.37 points to end at 90.72 and Zalando SE (DE:ZALG) was down 4.65% or 4.44 points to 91.14.

The top performers on the MDAX were Deutsche Lufthansa AG (DE:LHAG) which rose 5.53% to 8.664, Fraport AG (DE:FRAG) which was up 5.12% to settle at 56.410 and CTS Eventim AG (DE:EVDG) which gained 2.78% to close at 59.860.

The worst performers were Commerzbank AG O.N. (DE:CBKG) which was down 7.92% to 5.034 in late trade, Varta AG (DE:VAR1) which lost 7.23% to settle at 110.950 and Thyssenkrupp AG O.N. (DE:TKAG) which was down 5.61% to 8.608 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (DE:MORG) which rose 2.31% to 42.890, Qiagen NV (DE:QIA) which was up 0.99% to settle at 46.560 and Jenoptik AG (DE:JENGn) which gained 0.92% to close at 30.720.

The worst performers were Varta AG (DE:VAR1) which was down 7.23% to 110.950 in late trade, Pfeiffer Vacuum Technology O.N. (DE:PV) which lost 4.49% to settle at 174.60 and SMA Solar Technology AG (DE:S92G) which was down 3.85% to 36.440 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 590 to 134 and 47 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 15.08% to 27.48 a new 6-months high.

Gold Futures for December delivery was up 0.60% or 10.45 to $1761.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 1.99% or 1.43 to hit $70.39 a barrel, while the November Brent oil contract fell 1.66% or 1.25 to trade at $74.09 a barrel.

EUR/USD was up 0.07% to 1.1733, while EUR/GBP rose 0.69% to 0.8590.

The US Dollar Index Futures was up 0.05% at 93.220.

Germany stocks lower at close of trade; DAX down 2.31%
 

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