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Germany stocks lower at close of trade; DAX down 1.20%

Published 02/24/2017, 12:15 PM
Updated 02/24/2017, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.20%

© Reuters. Germany stocks lower at close of trade; DAX down 1.20%

Investing.com – Germany stocks were lower after the close on Friday, as losses in the Food & Beverages, Technology and Media sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.20%, while the MDAX index lost 1.05%, and the TecDAX index declined 1.39%.

The best performers of the session on the DAX were Merck KGaA (DE:MRCG), which rose 0.44% or 0.450 points to trade at 103.200 at the close. Meanwhile, Lufthansa AG VNA O.N. (DE:LHAG) added 0.07% or 0.010 points to end at 13.710 and Deutsche Boerse AG Z.UMT. (DE:DB11) was unchanged 0.00% or 0.00 points to 83.94 in late trade.

The worst performers of the session were Prosiebensat 1 Media AG (DE:PSMGn), which fell 3.46% or 1.340 points to trade at 37.350 at the close. Infineon Technologies AG NA O.N. (DE:IFXGn) declined 2.93% or 0.510 points to end at 16.910 and BASF SE NA O.N. (DE:BASFN) was down 2.88% or 2.590 points to 87.360.

The top performers on the MDAX were MTU Aero Engines NA O.N. (DE:MTXGn) which rose 1.77% to 117.550, Aurubis AG (DE:NAFG) which was up 0.51% to settle at 54.880 and Symrise AG Inh. O.N. (DE:SY1G) which gained 0.51% to close at 58.910.

The worst performers were Rhoen Klinikum AG (DE:RHKG) which was down 6.11% to 23.650 in late trade, Salzgitter AG (DE:SZGG) which lost 5.35% to settle at 34.920 and Suedzucker AG (DE:SZUG) which was down 3.69% to 23.990 at the close.

The top performers on the TecDAX were Xing AG (DE:OBCGn) which rose 2.40% to 191.750, GFT Technologies AG (DE:GFTG) which was up 1.08% to settle at 19.675 and Adva Optical Networking SE (DE:ADAG) which gained 0.95% to close at 9.107.

The worst performers were RIB Software AG Na (DE:RIB) which was down 5.87% to 11.620 in late trade, S&T AG (F:SANT1) which lost 4.32% to settle at 9.090 and Siltronic AG (DE:WAFGn) which was down 3.75% to 56.790 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 558 to 183 and 22 ended unchanged.

Shares in MTU Aero Engines NA O.N. (DE:MTXGn) rose to all time highs; rising 1.77% or 2.050 to 117.550. Shares in Rhoen Klinikum AG (DE:RHKG) fell to 52-week lows; falling 6.11% or 1.540 to 23.650.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.20% to 15.29.

Gold Futures for April delivery was up 0.49% or 6.10 to $1257.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.83% or 0.45 to hit $54.00 a barrel, while the April Brent oil contract fell 0.88% or 0.50 to trade at $56.08 a barrel.

EUR/USD was up 0.05% to 1.0586, while EUR/GBP rose 0.52% to 0.8471.

The US Dollar Index Futures was down 0.03% at 100.92.

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