Investing.com – Germany stocks were lower after the close on Monday, as losses in the Construction, Technology and Insurance sectors led shares lower.
At the close in Frankfurt, the DAX fell 5.26% to hit a new 5-year low, while the MDAX index lost 5.07%, and the TecDAX index declined 3.13%.
The best performers of the session on the DAX were Adidas AG (DE:ADSGN), which rose 2.19% or 3.76 points to trade at 175.70 at the close. Meanwhile, Wirecard AG (DE:WDIG) added 1.18% or 1.060 points to end at 90.760 and Bayer AG NA (DE:BAYGN) was up 0.16% or 0.07 points to 48.12 in late trade.
The worst performers of the session were Volkswagen AG VZO O.N. (DE:VOWG_p), which fell 12.90% or 14.30 points to trade at 96.58 at the close. MTU Aero Engines NA O.N. (DE:MTXGn) declined 12.17% or 18.75 points to end at 135.35 and Bayerische Motoren Werke AG (DE:BMWG) was down 11.82% or 5.370 points to 40.050.
The top performers on the MDAX were CompuGroup Medical AG O.N. (DE:COPMa) which rose 6.63% to 54.700, Knorr-Bremse AG (DE:KBX) which was up 4.91% to settle at 79.94 and Puma SE (DE:PUMG) which gained 2.68% to close at 49.80.
The worst performers were Fraport AG (DE:FRAG) which was down 15.92% to 30.670 in late trade, Morphosys AG O.N. (DE:MORG) which lost 15.65% to settle at 76.800 and Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which was down 13.75% to 25.100 at the close.
The top performers on the TecDAX were CompuGroup Medical AG O.N. (DE:COPMa) which rose 6.63% to 54.700, Siltronic AG (DE:WAFGn) which was up 2.19% to settle at 59.640 and Varta AG (DE:VAR1) which gained 1.97% to close at 56.900.
The worst performers were Morphosys AG O.N. (DE:MORG) which was down 15.65% to 76.800 in late trade, Infineon Technologies AG NA O.N. (DE:IFXGn) which lost 10.91% to settle at 12.547 and Nordex SE O.N. (DE:NDXG) which was down 8.97% to 6.800 at the close.
Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 614 to 113 and 14 ended unchanged.
Shares in Volkswagen AG VZO O.N. (DE:VOWG_p) fell to 3-years lows; falling 12.90% or 14.30 to 96.58. Shares in MTU Aero Engines NA O.N. (DE:MTXGn) fell to 52-week lows; falling 12.17% or 18.75 to 135.35. Shares in Bayerische Motoren Werke AG (DE:BMWG) fell to 5-year lows; losing 11.82% or 5.370 to 40.050. Shares in Fraport AG (DE:FRAG) fell to 5-year lows; losing 15.92% or 5.805 to 30.670. Shares in Morphosys AG O.N. (DE:MORG) fell to 52-week lows; falling 15.65% or 14.250 to 76.800. Shares in Fuchs Petrolub AG VZO Pref (DE:FPEG_p) fell to 5-year lows; losing 13.75% or 4.000 to 25.100. Shares in Morphosys AG O.N. (DE:MORG) fell to 52-week lows; losing 15.65% or 14.250 to 76.800. Shares in Infineon Technologies AG NA O.N. (DE:IFXGn) fell to 3-years lows; down 10.91% or 1.537 to 12.547. Shares in Nordex SE O.N. (DE:NDXG) fell to 5-year lows; falling 8.97% or 0.670 to 6.800.
The DAX volatility index, which measures the implied volatility of DAX options, was up 15.78% to 86.01 a new all time high.
Gold Futures for April delivery was down 1.56% or 23.65 to $1493.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 9.09% or 2.92 to hit $29.19 a barrel, while the May Brent oil contract fell 11.58% or 3.92 to trade at $29.93 a barrel.
EUR/USD was up 0.60% to 1.1172, while EUR/GBP rose 1.07% to 0.9138.
The US Dollar Index Futures was down 0.79% at 98.120.