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Germany stocks lower at close of trade; DAX down 2.49%

Published 10/15/2020, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 2.49%

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Transportation & Logistics, Telecoms and Software sectors led shares lower.

At the close in Frankfurt, the DAX fell 2.49%, while the MDAX index lost 1.53%, and the TecDAX index lost 2.22%.

The best performers of the session on the DAX were Bayer AG NA (DE:BAYGN), which fell 0.66% or 0.29 points to trade at 43.98 at the close. Meanwhile, Vonovia SE (DE:VNAn) fell 0.78% or 0.46 points to end at 58.80 and Deutsche Wohnen AG (DE:DWNG) was down 1.24% or 0.560 points to 44.690 in late trade.

The worst performers of the session were Fresenius SE & Co KGAA O.N. (DE:FREG), which fell 4.22% or 1.600 points to trade at 36.315 at the close. BASF SE NA O.N. (DE:BASFN) declined 3.93% or 2.140 points to end at 52.310 and Merck KGaA (DE:MRCG) was down 3.75% or 4.82 points to 123.78.

The top performers on the MDAX were HelloFresh SE (DE:HFGG) which rose 1.19% to 51.05, Aroundtown Property Holdings PLC (DE:AT1) which was up 0.98% to settle at 4.524 and Metro Wholesale & Food Specialist AG (DE:B4B) which gained 0.21% to close at 8.5060.

The worst performers were Duerr AG (DE:DUEG) which was down 4.75% to 27.300 in late trade, Stroeer SE (DE:SAXG) which lost 4.59% to settle at 64.400 and Cancom SE O.N. (DE:COKG) which was down 4.44% to 43.940 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (DE:MORG) which unchanged 0.00% to 102.800, Varta AG (DE:VAR1) which was down 0.34% to settle at 119.000 and Draegerwerk VZO O.N. (DE:DRWG_p) which lost 0.82% to close at 72.900.

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The worst performers were LPKF Laser & Electronics (DE:LPKG) which was down 5.45% to 19.240 in late trade, Eckert & Ziegler AG O.N. (DE:EUZG) which lost 5.45% to settle at 43.760 and Cancom SE O.N. (DE:COKG) which was down 4.44% to 43.940 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 566 to 107 and 68 ended unchanged.

Shares in Bayer AG NA (DE:BAYGN) fell to 5-year lows; losing 0.66% or 0.29 to 43.98.

The DAX volatility index, which measures the implied volatility of DAX options, was up 14.94% to 28.77.

Gold Futures for December delivery was up 0.00% or 0.05 to $1907.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.78% or 0.32 to hit $40.72 a barrel, while the December Brent oil contract fell 0.81% or 0.35 to trade at $42.97 a barrel.

EUR/USD was down 0.37% to 1.1702, while EUR/GBP rose 0.39% to 0.9060.

The US Dollar Index Futures was up 0.47% at 93.802.

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