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Germany stocks lower at close of trade; DAX down 1.82%

Published 07/05/2016, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.82%

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

At the close in Frankfurt, the DAX fell 1.82%, while the MDAX index lost 2.06%, and the TecDAX index lost 1.66%.

The best performers of the session on the DAX were Beiersdorf AG O.N. (DE:BEIG), which rose 0.60% or 0.510 points to trade at 85.140 at the close. Meanwhile, Vonovia SE (DE:VNAn) added 0.02% or 0.01 points to end at 32.56 and SAP AG O.N. (DE:SAPG) was down 0.37% or 0.250 points to 67.010 in late trade.

The worst performers of the session were Thyssenkrupp AG O.N. (DE:TKAG), which fell 6.61% or 1.210 points to trade at 17.090 at the close. Daimler AG NA O.N. (DE:DAIGn) declined 3.63% or 1.970 points to end at 52.270 and Allianz SE VNA O.N. (DE:ALVG) was down 3.29% or 4.150 points to 122.000.

The top performers on the MDAX were Tag Immobilien AG (DE:TEGG) which rose 0.04% to 11.880, Kuka AG (DE:KU2G) which was unchanged 0.00% to settle at 107.750 and Deutsche Wohnen AG Inh (DE:DWNG) which lost 0.03% to close at 30.790.

The worst performers were Jungheinrich AG O.N.VZO (DE:JUNG_p) which was down 4.88% to 25.640 in late trade, Salzgitter AG (DE:SZGG) which lost 4.75% to settle at 22.965 and Aareal Bank AG (DE:ARLG) which was down 4.57% to 26.605 at the close.

The top performers on the TecDAX were Aixtron SE NA O.N. (DE:AIXGn) which rose 0.58% to 5.381, Bechtle AG (DE:BC8G) which was up 0.31% to settle at 94.670 and Freenet AG NA (DE:FNTGn) which gained 0.09% to close at 23.325.

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The worst performers were Suess Microtec NA O.N. (DE:SMHNn) which was down 5.66% to 6.380 in late trade, Jenoptik AG (DE:JENG) which lost 4.77% to settle at 14.090 and Siltronic AG (DE:WAFGn) which was down 3.83% to 13.935 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 731 to 146 and 23 ended unchanged.

Shares in Daimler AG NA O.N. (DE:DAIGn) fell to 52-week lows; falling 3.63% or 1.970 to 52.270. Shares in Jungheinrich AG O.N.VZO (DE:JUNG_p) fell to 3-years lows; falling 4.88% or 1.315 to 25.640.

The DAX volatility index, which measures the implied volatility of DAX options, was up 7.64% to 23.95.

Gold for August delivery was up 1.21% or 16.15 to $1355.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 4.41% or 2.16 to hit $46.83 a barrel, while the September Brent oil contract fell 4.11% or 2.06 to trade at $48.04 a barrel.

EUR/USD was down 0.69% to 1.1077, while EUR/GBP rose 1.32% to 0.8502.

The US Dollar Index was up 0.60% at 96.18.

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