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Germany stocks mixed at close of trade; DAX down 0.67%

Published 08/31/2020, 01:15 PM
Updated 08/31/2020, 01:15 PM
© Reuters.  Germany stocks mixed at close of trade; DAX down 0.67%

Investing.com – Germany stocks were mixed after the close on Monday, as gains in the Pharmaceuticals & Healthcare, Utilities and Consumer & Cyclical sectors led shares higher while losses in the Insurance, Industrials and Telecoms sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.67%, while the MDAX index declined 0.27%, and the TecDAX index gained 0.02%.

The best performers of the session on the DAX were Bayerische Motoren Werke AG (DE:BMWG), which rose 1.26% or 0.750 points to trade at 60.370 at the close. Meanwhile, Bayer AG NA (DE:BAYGN) added 1.04% or 0.57 points to end at 55.60 and Heidelbergcement AG O.N. (DE:HEIG) was up 1.01% or 0.530 points to 53.190 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 3.08% or 0.255 points to trade at 8.025 at the close. Siemens AG Class N (DE:SIEGn) declined 2.11% or 2.49 points to end at 115.72 and Allianz SE VNA O.N. (DE:ALVG) was down 2.09% or 3.88 points to 181.69.

The top performers on the MDAX were GEA Group AG (DE:G1AG) which rose 2.80% to 30.515, Varta AG (DE:VAR1) which was up 2.43% to settle at 130.500 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 2.36% to close at 355.000.

The worst performers were Airbus Group SE (DE:AIRG) which was down 3.48% to 69.00 in late trade, Hochtief AG (DE:HOTG) which lost 3.38% to settle at 74.30 and Prosiebensat 1 Media AG (DE:PSMGn) which was down 3.30% to 9.4820 at the close.

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The top performers on the TecDAX were Varta AG (DE:VAR1) which rose 2.43% to 130.500, Sartorius AG VZO O.N. (DE:SATG_p) which was up 2.36% to settle at 355.000 and LPKF Laser & Electronics (DE:LPKG) which gained 1.96% to close at 20.850.

The worst performers were Draegerwerk VZO O.N. (DE:DRWG_p) which was down 5.84% to 71.000 in late trade, Jenoptik AG (DE:JENGn) which lost 1.84% to settle at 22.360 and Nordex SE O.N. (DE:NDXG) which was down 1.62% to 10.950 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 400 to 278 and 75 ended unchanged.

Shares in Varta AG (DE:VAR1) rose to all time highs; gaining 2.43% or 3.100 to 130.500. Shares in Varta AG (DE:VAR1) rose to all time highs; rising 2.43% or 3.100 to 130.500.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.63% to 27.37.

Gold Futures for December delivery was up 0.20% or 3.90 to $1978.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.47% or 0.20 to hit $42.77 a barrel, while the November Brent oil contract fell 0.48% or 0.22 to trade at $45.59 a barrel.

EUR/USD was up 0.35% to 1.1945, while EUR/GBP rose 0.21% to 0.8929.

The US Dollar Index Futures was down 0.31% at 92.097.

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