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Germany stocks lower at close of trade; DAX down 0.73%

Published 01/23/2017, 12:15 PM
Updated 01/23/2017, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.73%

© Reuters. Germany stocks lower at close of trade; DAX down 0.73%

Investing.com – Germany stocks were lower after the close on Monday, as losses in the Chemicals, Insurance and Software sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.73%, while the MDAX index lost 0.34%, and the TecDAX index fell 0.30%.

The best performers of the session on the DAX were Volkswagen AG VZO O.N. (DE:VOWG_p), which rose 3.10% or 4.600 points to trade at 152.800 at the close. Meanwhile, Deutsche Boerse AG Z.UMT. (DE:DB11) added 2.23% or 1.75 points to end at 80.06 and Lufthansa AG VNA O.N. (DE:LHAG) was up 0.99% or 0.120 points to 12.230 in late trade.

The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 2.00% or 0.161 points to trade at 7.900 at the close. Merck KGaA (DE:MRCG) declined 1.41% or 1.450 points to end at 101.250 and Bayer AG NA (DE:BAYGN) was down 1.41% or 1.450 points to 101.050.

The top performers on the MDAX were Alstria Office Reit-Ag (DE:AOXG) which rose 1.63% to 11.550, Aurubis AG (DE:NAFG) which was up 1.21% to settle at 54.440 and Bilfinger SE O.N. (DE:GBFG) which gained 1.21% to close at 39.175.

The worst performers were Covestro AG (DE:1COV) which was down 2.11% to 67.200 in late trade, Jungheinrich AG O.N.VZO (DE:JUNG_p) which lost 1.83% to settle at 26.000 and Steinhoff International Holdings NV (DE:SNHG) which was down 1.54% to 4.81 at the close.

The top performers on the TecDAX were Siltronic AG (DE:WAFGn) which rose 6.40% to 52.420, Adva Optical Networking SE (DE:ADAG) which was up 1.56% to settle at 7.669 and Evotec AG O.N. (DE:EVTG) which gained 0.67% to close at 7.480.

The worst performers were Nemetschek AG O.N. (DE:NEKG) which was down 2.22% to 52.370 in late trade, STRATEC Biomedical AG (DE:SBSG) which lost 2.07% to settle at 45.050 and S&T AG (F:SANT1) which was down 1.32% to 8.640 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 473 to 301 and 14 ended unchanged.

Shares in Volkswagen AG VZO O.N. (DE:VOWG_p) rose to 52-week highs; up 3.10% or 4.600 to 152.800. Shares in Siltronic AG (DE:WAFGn) rose to all time highs; up 6.40% or 3.155 to 52.420.

The DAX volatility index, which measures the implied volatility of DAX options, was up 14.87% to 16.35.

Gold for February delivery was up 1.07% or 12.95 to $1217.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 1.03% or 0.55 to hit $52.67 a barrel, while the March Brent oil contract fell 0.63% or 0.35 to trade at $55.14 a barrel.

EUR/USD was up 0.34% to 1.0739, while EUR/GBP fell 0.59% to 0.8600.

The US Dollar Index was down 0.57% at 100.20.

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