Investing.com – Germany stocks were lower after the close on Monday, as losses in the Construction, Retail and Telecoms sectors led shares lower.
At the close in Frankfurt, the DAX lost 1.89% to hit a new 3-months low, while the MDAX index lost 1.91%, and the TecDAX index lost 2.03%.
The best performers of the session on the DAX were Lanxess AG (XETRA:LXSG), which rose 0.52% or 0.270 points to trade at 52.000 at the close. Meanwhile, Deutsche Post AG NA O.N. (XETRA:DPWGn) fell 0.87% or 0.230 points to end at 26.200 and Beiersdorf AG O.N. (XETRA:BEIG) was down 0.88% or 0.690 points to 77.400 in late trade.
The worst performers of the session were Commerzbank AG O.N. (XETRA:CBKG), which fell 2.89% or 0.340 points to trade at 11.435 at the close. Heidelbergcement AG O.N. (XETRA:HEIG) declined 2.87% or 2.090 points to end at 70.760 and Deutsche Bank AG NA O.N. (XETRA:DBKGn) was down 2.60% or 0.740 points to 27.710.
The top performers on the MDAX were Rhoen-Klinikum O.N. (XETRA:RHKG) which rose 0.94% to 24.255, Suedzucker Mannheim Ochsenfurt AG (XETRA:SZUG) which was up 0.79% to settle at 15.325 and Wincor Nixdorf O.N. (XETRA:WING) which gained 0.37% to close at 36.205.
The worst performers were Deutsche Annington Immobilien SE (XETRA:ANNGn) which was down 5.55% to 26.23 in late trade, Gerry Weber Internat.O.N. (XETRA:GWIG) which lost 4.93% to settle at 19.570 and Metro AG ST O.N. (XETRA:MEOG) which was down 4.66% to 29.560 at the close.
The top performers on the TecDAX were SMA Solar Technology AG (XETRA:S92G) which rose 5.44% to 21.500, Stratec Biomedical (XETRA:SBSG) which was up 2.07% to settle at 47.000 and Nemetschek AG O.N. (XETRA:NEKG) which gained 0.75% to close at 108.000.
The worst performers were QSC AG NA O.N. (XETRA:QSCG) which was down 6.12% to 1.840 in late trade, LPKF Laser & Electronics (XETRA:LPKG) which lost 4.28% to settle at 7.900 and Xing AG (XETRA:OBCGn) which was down 3.96% to 145.400 at the close.
Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 632 to 121 and 31 ended unchanged.
Shares in Gerry Weber Internat.O.N. (XETRA:GWIG) fell to 3-years lows; down 4.93% or 1.015 to 19.570.
The DAX volatility index, which measures the implied volatility of DAX options, was up 12.85% to 24.77 a new 52-week high.
Gold for August delivery was up 0.81% or 9.50 to $1188.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.53% or 0.32 to hit $60.08 a barrel, while the August Brent oil contract fell 0.83% or 0.54 to trade at $64.11 a barrel.
EUR/USD was down 0.02% to 1.1259, while EUR/GBP fell 0.09% to 0.7232.
The US Dollar Index was up 0.03% at 95.26.