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Germany stocks lower at close of trade; DAX down 0.31%

Published 07/04/2017, 12:15 PM
Updated 07/04/2017, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.31%

© Reuters. Germany stocks lower at close of trade; DAX down 0.31%

Investing.com – Germany stocks were lower after the close on Tuesday, as losses in the Food & Beverages, Telecoms and Retail sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.31%, while the MDAX index declined 0.28%, and the TecDAX index fell 0.16%.

The best performers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 1.86% or 0.300 points to trade at 16.395 at the close. Meanwhile, Henkel & Co KGaA AG Pref (DE:HNKG_p) added 0.46% or 0.55 points to end at 121.10 and Allianz SE VNA O.N. (DE:ALVG) was up 0.43% or 0.75 points to 176.65 in late trade.

The worst performers of the session were Lufthansa AG VNA O.N. (DE:LHAG), which fell 1.06% or 0.215 points to trade at 20.035 at the close. Siemens AG Class N (DE:SIEGn) declined 1.02% or 1.25 points to end at 121.85 and Deutsche Telekom AG Na (DE:DTEGn) was down 0.95% or 0.150 points to 15.675.

The top performers on the MDAX were STADA Arzneimittel VNA O.N. (DE:STAGn) which rose 2.21% to 63.880, Steinhoff International Holdings NV (DE:SNHG) which was up 0.77% to settle at 4.57 and Evonik Industries AG (DE:EVKn) which gained 0.69% to close at 28.510.

The worst performers were Stroeer SE (DE:SAXG) which was down 2.17% to 52.280 in late trade, Schaeffler AG Pref (DE:SHA_p) which lost 1.93% to settle at 12.21 and Leoni AG (DE:LEOGn) which was down 1.77% to 45.820 at the close.

The top performers on the TecDAX were Wirecard AG (DE:WDIG) which rose 7.09% to 61.470, S&T AG (F:SANT1) which was up 2.05% to settle at 13.726 and Nordex SE O.N. (DE:NDXG) which gained 1.76% to close at 11.550.

The worst performers were Draegerwerk VZO O.N. (DE:DRWG_p) which was down 3.52% to 89.640 in late trade, Morphosys AG O.N. (DE:MORG) which lost 3.26% to settle at 60.890 and Slm Solution G (DE:AM3D) which was down 3.25% to 36.22 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 422 to 335 and 26 ended unchanged.

Shares in Allianz SE VNA O.N. (DE:ALVG) rose to all time highs; rising 0.43% or 0.75 to 176.65. Shares in Wirecard AG (DE:WDIG) rose to all time highs; up 7.09% or 4.070 to 61.470.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.09% to 14.10.

Gold Futures for August delivery was up 0.39% or 4.74 to $1223.94 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.11% or 0.05 to hit $47.12 a barrel, while the September Brent oil contract rose 0.10% or 0.05 to trade at $49.73 a barrel.

EUR/USD was down 0.18% to 1.1344, while EUR/GBP fell 0.02% to 0.8781.

The US Dollar Index Futures was up 0.06% at 96.01.

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