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Germany stocks lower at close of trade; DAX down 0.50%

Published 04/11/2017, 12:15 PM
Updated 04/11/2017, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.50%

© Reuters. Germany stocks lower at close of trade; DAX down 0.50%

Investing.com – Germany stocks were lower after the close on Tuesday, as losses in the Technology, Basic Resources and Software sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.50%, while the MDAX index fell 0.04%, and the TecDAX index declined 1.91%.

The best performers of the session on the DAX were Lufthansa AG VNA O.N. (DE:LHAG), which rose 3.70% or 0.565 points to trade at 15.830 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 0.67% or 0.105 points to end at 15.760 and Vonovia SE (DE:VNAn) was up 0.60% or 0.20 points to 34.15 in late trade.

The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 2.03% or 0.169 points to trade at 8.164 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 1.58% or 0.245 points to end at 15.305 and Infineon Technologies AG NA O.N. (DE:IFXGn) was down 1.52% or 0.285 points to 18.520.

The top performers on the MDAX were Fraport AG (DE:FRAG) which rose 4.17% to 71.210, Steinhoff International Holdings NV (DE:SNHG) which was up 1.47% to settle at 4.70 and Hochtief AG (DE:HOTG) which gained 1.00% to close at 162.00.

The worst performers were Salzgitter AG (DE:SZGG) which was down 3.06% to 32.835 in late trade, Deutsche Pfandbriefbank AG (DE:PBBG) which lost 1.61% to settle at 11.61 and Evonik Industries AG (DE:EVKn) which was down 1.58% to 29.605 at the close.

The top performers on the TecDAX were Aixtron SE NA O.N. (DE:AIXGn) which rose 4.24% to 3.788, Drillisch AG (DE:DRIG) which was up 0.89% to settle at 48.480 and CompuGroup Medical AG O.N. (DE:COPMa) which gained 0.84% to close at 41.600.

The worst performers were Dialog Semiconductor (DE:DLGS) which was down 14.37% to 40.915 in late trade, Medigene NA O.N. (DE:MDG1k) which lost 4.25% to settle at 12.060 and RIB Software AG Na (DE:RIB) which was down 3.93% to 12.460 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 490 to 244 and 25 ended unchanged.

Shares in Lufthansa AG VNA O.N. (DE:LHAG) rose to 52-week highs; up 3.70% or 0.565 to 15.830. Shares in Fraport AG (DE:FRAG) rose to all time highs; up 4.17% or 2.850 to 71.210. Shares in Hochtief AG (DE:HOTG) rose to all time highs; up 1.00% or 1.60 to 162.00. Shares in Drillisch AG (DE:DRIG) rose to 52-week highs; gaining 0.89% or 0.430 to 48.480.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.73% to 20.56 a new 3-months high.

Gold Futures for June delivery was up 1.52% or 19.05 to $1272.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.26% or 0.14 to hit $52.94 a barrel, while the June Brent oil contract fell 0.50% or 0.28 to trade at $55.70 a barrel.

EUR/USD was up 0.16% to 1.0614, while EUR/GBP fell 0.37% to 0.8505.

The US Dollar Index Futures was down 0.33% at 100.61.

Latest comments

but DAX is supposed to close at 21 London time, why has it closed so early?
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