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Germany stocks lower at close of trade; DAX down 0.58%

Published 07/06/2017, 12:15 PM
Updated 07/06/2017, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.58%

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Media, Utilities and Technology sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.58%, while the MDAX index lost 0.78%, and the TecDAX index lost 0.47%.

The best performers of the session on the DAX were Commerzbank AG O.N. (DE:CBKG), which rose 3.32% or 0.360 points to trade at 11.200 at the close. Meanwhile, Deutsche Bank AG NA O.N. (DE:DBKGn) added 2.05% or 0.335 points to end at 16.695 and Volkswagen AG VZO O.N. (DE:VOWG_p) was up 1.81% or 2.45 points to 138.10 in late trade.

The worst performers of the session were Prosiebensat 1 Media AG (DE:PSMGn), which fell 3.53% or 1.280 points to trade at 34.965 at the close. E.ON SE NA (DE:EONGn) declined 1.81% or 0.149 points to end at 8.079 and Merck KGaA (DE:MRCG) was down 1.73% or 1.80 points to 102.40.

The top performers on the MDAX were Jungheinrich AG O.N.VZO (DE:JUNG_p) which rose 2.23% to 33.995, Aareal Bank AG (DE:ARLG) which was up 1.65% to settle at 35.815 and Deutsche Pfandbriefbank AG (DE:PBBG) which gained 1.46% to close at 11.10.

The worst performers were Hochtief AG (DE:HOTG) which was down 2.65% to 156.00 in late trade, Osram Licht AG (F:OSRn) which lost 2.59% to settle at 67.537 and Uniper SE (DE:UN01) which was down 2.48% to 16.350 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 3.51% to 12.370, Wirecard AG (DE:WDIG) which was up 1.35% to settle at 60.720 and SMA Solar Technology AG (DE:S92G) which gained 1.12% to close at 26.975.

The worst performers were Xing AG (DE:OBCGn) which was down 3.57% to 228.05 in late trade, Cancom SE O.N. (DE:COKG) which lost 3.37% to settle at 52.520 and RIB Software AG Na (DE:RIB) which was down 2.86% to 14.590 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 551 to 214 and 22 ended unchanged.

Shares in Commerzbank AG O.N. (DE:CBKG) rose to 52-week highs; gaining 3.32% or 0.360 to 11.200.

The DAX volatility index, which measures the implied volatility of DAX options, was up 8.12% to 15.11.

Gold Futures for August delivery was up 0.15% or 1.82 to $1223.52 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 2.13% or 0.96 to hit $46.09 a barrel, while the September Brent oil contract rose 1.90% or 0.91 to trade at $48.70 a barrel.

EUR/USD was up 0.50% to 1.1408, while EUR/GBP rose 0.30% to 0.8803.

The US Dollar Index Futures was down 0.32% at 95.66.

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