Investing.com – Germany stocks were lower after the close on Friday, as losses in the Basic Resources, Insurance and Transportation & Logistics sectors led shares lower.
At the close in Frankfurt, the DAX declined 2.52%, while the MDAX index lost 2.36%, and the TecDAX index lost 2.23%.
The best performers of the session on the DAX were Adidas AG NA O.N. (DE:ADSGN), which fell 0.38% or 0.450 points to trade at 118.950 at the close. Meanwhile, Merck KGAA O.N. (DE:MRK) fell 1.29% or 1.160 points to end at 89.050 and Deutsche Telekom AG Na (DE:DTEGn) was down 1.47% or 0.220 points to 14.730 in late trade.
The worst performers of the session were Lufthansa AG VNA O.N. (DE:LHAG), which fell 5.58% or 0.670 points to trade at 11.330 at the close. Thyssenkrupp AG O.N. (DE:TKAG) declined 5.54% or 1.080 points to end at 18.405 and Deutsche Bank AG NA O.N. (DE:DBKGn) was down 4.72% or 0.695 points to 14.035.
The top performers on the MDAX were Rhoen-Klinikum O.N. (DE:RHKG) which fell 0.38% to 26.135, Deutsche Euroshop AG O.N. (DE:DEQGn) which was down 0.62% to settle at 42.255 and Covestro AG (DE:1COV) which lost 0.67% to close at 39.480.
The worst performers were Aurubis AG (DE:NAFG) which was down 5.41% to 43.370 in late trade, Fraport AG (DE:FRAG) which lost 4.62% to settle at 47.965 and Salzgitter AG O.N. (DE:SZGG) which was down 4.32% to 27.270 at the close.
The top performers on the TecDAX were Pfeiffer Vacuum Technology O.N. (DE:PV) which rose 0.71% to 86.340, STRATEC Biomedical AG (DE:SBSG) which was down 0.41% to settle at 50.600 and Carl Zeiss Meditec AG (DE:AFXG) which lost 0.99% to close at 33.875.
The worst performers were Cancom SE O.N. (DE:COKG) which was down 5.35% to 49.210 in late trade, Evotec AG O.N. (DE:EVTG) which lost 5.24% to settle at 3.746 and Morphosys AG O.N. (DE:MORG) which was down 4.92% to 44.465 at the close.
Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 737 to 137 and 21 ended unchanged.
Shares in Fraport AG (DE:FRAG) fell to 52-week lows; down 4.62% or 2.325 to 47.965.
The DAX volatility index, which measures the implied volatility of DAX options, was up 13.54% to 25.57 a new 3-months high.
Gold for August delivery was up 0.11% or 1.35 to $1274.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 2.27% or 1.15 to hit $49.41 a barrel, while the August Brent oil contract fell 2.18% or 1.13 to trade at $50.82 a barrel.
EUR/USD was down 0.32% to 1.1282, while EUR/GBP rose 0.49% to 0.7868.
The US Dollar Index was up 0.34% at 94.42.