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Germany stocks lower at close of trade; DAX down 0.48%

Published 03/22/2017, 01:15 PM
Updated 03/22/2017, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.48%

Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Basic Resources, Financial Services and Retail sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.48%, while the MDAX index fell 0.88%, and the TecDAX index declined 0.76%.

The best performers of the session on the DAX were Volkswagen AG VZO O.N. (DE:VOWG_p), which rose 1.45% or 1.95 points to trade at 136.35 at the close. Meanwhile, SAP SE (DE:SAPG) added 0.27% or 0.240 points to end at 90.500 and BASF SE NA O.N. (DE:BASFN) was up 0.14% or 0.120 points to 88.700 in late trade.

The worst performers of the session were Deutsche Boerse AG Z.UMT. (DE:DB11), which fell 2.90% or 2.37 points to trade at 79.49 at the close. Linde AG O.N. (DE:LING) declined 1.86% or 2.85 points to end at 150.30 and Deutsche Bank AG NA O.N. (DE:DBKGn) was down 1.72% or 0.275 points to 15.730.

The top performers on the MDAX were Norma Group AG NA O.N. (DE:NOEJ) which rose 2.35% to 42.005, Evonik Industries AG (DE:EVKn) which was up 1.09% to settle at 29.590 and Wacker Chemie O.N. (DE:WCHG) which gained 0.95% to close at 100.45.

The worst performers were Talanx AG NA O.N. (DE:TLXGn) which was down 3.90% to 31.415 in late trade, Krones AG O.N. (DE:KRNG) which lost 3.23% to settle at 100.450 and Jungheinrich AG O.N.VZO (DE:JUNG_p) which was down 2.21% to 28.955 at the close.

The top performers on the TecDAX were Jenoptik AG (DE:JENG) which rose 2.14% to 21.930, Siltronic AG (DE:WAFGn) which was up 1.54% to settle at 56.750 and S&T AG (F:SANT1) which gained 1.49% to close at 10.378.

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The worst performers were Medigene NA O.N. (DE:MDG1k) which was down 7.18% to 10.400 in late trade, Slm Solution G (DE:AM3D) which lost 5.18% to settle at 37.00 and Carl Zeiss Meditec AG (DE:AFXG) which was down 4.99% to 38.935 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 537 to 194 and 35 ended unchanged.

Shares in Jenoptik AG (DE:JENG) rose to all time highs; rising 2.14% or 0.460 to 21.930.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.68% to 14.13.

Gold Futures for April delivery was up 0.24% or 3.05 to $1249.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.83% or 0.40 to hit $47.84 a barrel, while the May Brent oil contract fell 1.00% or 0.51 to trade at $50.45 a barrel.

EUR/USD was up 0.02% to 1.0812, while EUR/GBP fell 0.01% to 0.8662.

The US Dollar Index Futures was down 0.15% at 99.40.

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