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Germany stocks mixed at close of trade; DAX down 0.44%

Published 02/28/2018, 12:15 PM
Updated 02/28/2018, 12:15 PM
© Reuters.  Germany stocks mixed at close of trade; DAX down 0.44%

Investing.com – Germany stocks were mixed after the close on Wednesday, as gains in the Software, Transportation & Logistics and Technology sectors led shares higher while losses in the Utilities, Food & Beverages and Pharmaceuticals & Healthcare sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.44%, while the MDAX index declined 0.22%, and the TecDAX index climbed 0.32%.

The best performers of the session on the DAX were Deutsche Lufthansa AG (DE:LHAG), which rose 1.43% or 0.390 points to trade at 27.620 at the close. Meanwhile, SAP SE (DE:SAPG) added 0.88% or 0.750 points to end at 86.200 and Deutsche Post AG NA O.N. (DE:DPWGn) was up 0.80% or 0.300 points to 37.640 in late trade.

The worst performers of the session were E.ON SE NA (DE:EONGn), which fell 2.36% or 0.202 points to trade at 8.360 at the close. Bayer AG NA (DE:BAYGN) declined 1.91% or 1.87 points to end at 96.23 and Deutsche Bank AG NA O.N. (DE:DBKGn) was down 1.89% or 0.254 points to 13.200.

The top performers on the MDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 2.90% to 0.40, Aareal Bank AG (DE:ARLG) which was up 1.88% to settle at 40.020 and Norma Group AG NA O.N. (DE:NOEJ) which gained 1.85% to close at 60.550.

The worst performers were Duerr AG (DE:DUEG) which was down 3.99% to 100.950 in late trade, Kion Group AG (DE:KGX) which lost 2.89% to settle at 70.48 and CTS Eventim AG (DE:EVDG) which was down 2.68% to 40.020 at the close.

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The top performers on the TecDAX were RIB Software AG Na (DE:RIB) which rose 10.56% to 30.560, Dialog Semiconductor (DE:DLGS) which was up 6.57% to settle at 26.600 and Slm Solution G (DE:AM3D) which gained 3.04% to close at 35.60.

The worst performers were Sartorius AG VZO O.N. (DE:SATG_p) which was down 2.37% to 111.000 in late trade, Nordex SE O.N. (DE:NDXG) which lost 2.29% to settle at 9.476 and S&T AG (F:SANT1) which was down 2.18% to 20.600 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 447 to 266 and 93 ended unchanged.

Shares in RIB Software AG Na (DE:RIB) rose to all time highs; rising 10.56% or 2.920 to 30.560.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.44% to 19.39.

Gold Futures for April delivery was up 0.24% or 3.10 to $1321.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.98% or 0.62 to hit $62.39 a barrel, while the May Brent oil contract fell 1.26% or 0.84 to trade at $65.68 a barrel.

EUR/USD was down 0.11% to 1.2220, while EUR/GBP rose 0.68% to 0.8855.

The US Dollar Index Futures was up 0.12% at 90.42.

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