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Germany stocks lower at close of trade; DAX down 3.11%

Published 08/02/2019, 01:15 PM
Updated 08/02/2019, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 3.11%

© Reuters. Germany stocks lower at close of trade; DAX down 3.11%

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

At the close in Frankfurt, the DAX lost 3.11% to hit a new 1-month low, while the MDAX index declined 2.16%, and the TecDAX index fell 2.96%.

The best performers of the session on the DAX were E.ON SE NA (DE:EONGn), which rose 0.91% or 0.083 points to trade at 9.184 at the close. Meanwhile, Vonovia SE (DE:VNAn) added 0.33% or 0.15 points to end at 45.35 and RWE AG ST O.N. (DE:RWEG) was up 0.08% or 0.020 points to 25.050 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (DE:IFXGn), which fell 6.03% or 1.050 points to trade at 16.370 at the close. Adidas AG (DE:ADSGN) declined 5.42% or 16.05 points to end at 280.30 and Thyssenkrupp AG O.N. (DE:TKAG) was down 4.95% or 0.575 points to 11.050.

The top performers on the MDAX were Metro Wholesale & Food Specialist AG (DE:B4B) which rose 8.92% to 15.5000, United Internet AG NA (DE:UTDI) which was up 2.03% to settle at 27.630 and Deutsche Wohnen AG (DE:DWNG) which gained 1.29% to close at 33.770.

The worst performers were Zalando SE (DE:ZALG) which was down 8.00% to 43.45 in late trade, Lanxess AG (DE:LXSG) which lost 6.73% to settle at 50.590 and Siltronic AG (DE:WAFGn) which was down 5.89% to 68.440 at the close.

The top performers on the TecDAX were United Internet AG NA (DE:UTDI) which rose 2.03% to 27.630, Medigene NA O.N. (DE:MDG1k) which was up 0.38% to settle at 6.600 and New Work SE (DE:NWOn) which unchanged 0.00% to close at 346.00.

The worst performers were Infineon Technologies AG NA O.N. (DE:IFXGn) which was down 6.03% to 16.370 in late trade, Siltronic AG (DE:WAFGn) which lost 5.89% to settle at 68.440 and Evotec AG O.N. (DE:EVTG) which was down 5.24% to 25.130 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 553 to 135 and 62 ended unchanged.

Shares in RWE AG ST O.N. (DE:RWEG) rose to 3-years highs; rising 0.08% or 0.020 to 25.050. Shares in Thyssenkrupp AG O.N. (DE:TKAG) fell to all time lows; losing 4.95% or 0.575 to 11.050.

The DAX volatility index, which measures the implied volatility of DAX options, was up 27.41% to 18.50 a new 1-month high.

Gold Futures for December delivery was up 1.82% or 26.05 to $1458.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 3.17% or 1.71 to hit $55.66 a barrel, while the October Brent oil contract rose 2.71% or 1.64 to trade at $62.14 a barrel.

EUR/USD was up 0.29% to 1.1115, while EUR/GBP rose 0.22% to 0.9153.

The US Dollar Index Futures was down 0.31% at 97.838.

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