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Germany stocks lower at close of trade; DAX down 0.35%

Published 12/14/2016, 12:15 PM
Updated 12/14/2016, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.35%

© Reuters. Germany stocks lower at close of trade; DAX down 0.35%

Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Consumer & Cyclical, Pharmaceuticals & Healthcare and Food & Beverages sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.35%, while the MDAX index fell 0.62%, and the TecDAX index fell 0.57%.

The best performers of the session on the DAX were Prosiebensat 1 Media AG (DE:PSMGn), which rose 1.27% or 0.455 points to trade at 36.320 at the close. Meanwhile, Henkel & Co KGaA AG Pref (DE:HNKG_p) added 0.63% or 0.700 points to end at 112.100 and Merck KGaA (DE:MRCG) was up 0.45% or 0.430 points to 96.030 in late trade.

The worst performers of the session were Adidas AG NA O.N. (DE:ADSGN), which fell 2.02% or 2.950 points to trade at 142.850 at the close. Fresenius SE & Co KGAA O.N. (DE:FREG) declined 1.78% or 1.270 points to end at 70.170 and Fresenius Medical Care KGAA ST (DE:FMEG) was down 1.63% or 1.280 points to 77.050.

The top performers on the MDAX were Metro AG ST O.N. (DE:MEOG) which rose 3.63% to 31.270, Wacker Chemie O.N. (DE:WCHG) which was up 3.27% to settle at 91.710 and Kion Group AG (DE:KGX) which gained 1.77% to close at 51.20.

The worst performers were Deutsche Pfandbriefbank AG (DE:PBBG) which was down 7.45% to 9.07 in late trade, Steinhoff International Holdings NV (DE:SNHG) which lost 6.96% to settle at 4.84 and Alstria Office Reit-Ag (DE:AOXG) which was down 3.15% to 11.220 at the close.

The top performers on the TecDAX were Carl Zeiss Meditec AG (DE:AFXG) which rose 4.56% to 34.960, STRATEC Biomedical AG (DE:SBSG) which was up 3.91% to settle at 46.350 and S&T AG (F:SANT1) which gained 2.83% to close at 8.710.

The worst performers were Wirecard AG (DE:WDIG) which was down 3.58% to 39.540 in late trade, RIB Software AG Na (DE:RIB) which lost 2.95% to settle at 12.665 and Pfeiffer Vacuum Technology O.N. (DE:PV) which was down 2.80% to 83.790 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 426 to 324 and 18 ended unchanged.

Shares in Metro AG ST O.N. (DE:MEOG) rose to 52-week highs; up 3.63% or 1.095 to 31.270.

The DAX volatility index, which measures the implied volatility of DAX options, was up 0.93% to 16.67.

Gold for February delivery was up 0.54% or 6.30 to $1165.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.49% or 0.79 to hit $52.19 a barrel, while the February Brent oil contract fell 1.13% or 0.63 to trade at $55.09 a barrel.

EUR/USD was up 0.28% to 1.0654, while EUR/GBP fell 0.10% to 0.8386.

The US Dollar Index was down 0.21% at 100.87.

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