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Germany stocks mixed at close of trade; DAX down 1.09%

Published 09/25/2020, 01:15 PM
Updated 09/25/2020, 01:15 PM
© Reuters.  Germany stocks mixed at close of trade; DAX down 1.09%

Investing.com – Germany stocks were mixed after the close on Friday, as gains in the Retail, Media and Utilities sectors led shares higher while losses in the Technology, Insurance and Software sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.09% to hit a new 1-month low, while the MDAX index gained 0.11%, and the TecDAX index added 0.14%.

The best performers of the session on the DAX were Covestro AG (DE:1COV), which rose 1.19% or 0.520 points to trade at 44.230 at the close. Meanwhile, MTU Aero Engines NA O.N. (DE:MTXGn) added 0.55% or 0.75 points to end at 136.20 and RWE AG ST O.N. (DE:RWEG) was up 0.22% or 0.070 points to 31.315 in late trade.

The worst performers of the session were Volkswagen AG VZO O.N. (DE:VOWG_p), which fell 2.76% or 3.78 points to trade at 133.08 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 2.49% or 0.173 points to end at 6.774 and Siemens AG Class N (DE:SIEGn) was down 2.45% or 2.78 points to 110.91.

The top performers on the MDAX were Sartorius AG VZO O.N. (DE:SATG_p) which rose 3.30% to 344.000, Duerr AG (DE:DUEG) which was up 2.68% to settle at 25.260 and TeamViewer AG (DE:TMV) which gained 1.79% to close at 42.60.

The worst performers were Thyssenkrupp AG O.N. (DE:TKAG) which was down 5.40% to 4.365 in late trade, Deutsche Lufthansa AG (DE:LHAG) which lost 3.27% to settle at 7.050 and Grenke N AG (DE:GLJn) which was down 2.91% to 31.36 at the close.

The top performers on the TecDAX were Sartorius AG VZO O.N. (DE:SATG_p) which rose 3.30% to 344.000, New Work SE (DE:NWOn) which was up 2.04% to settle at 249.50 and TeamViewer AG (DE:TMV) which gained 1.79% to close at 42.60.

The worst performers were Siltronic AG (DE:WAFGn) which was down 2.88% to 70.140 in late trade, Nordex SE O.N. (DE:NDXG) which lost 2.34% to settle at 10.440 and Infineon Technologies AG NA O.N. (DE:IFXGn) which was down 2.05% to 22.940 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 356 to 326 and 64 ended unchanged.

Shares in Deutsche Lufthansa AG (DE:LHAG) fell to all time lows; falling 3.27% or 0.238 to 7.050.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.52% to 29.20.

Gold Futures for December delivery was down 0.55% or 10.30 to $1866.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.35% or 0.14 to hit $40.17 a barrel, while the November Brent oil contract fell 0.24% or 0.10 to trade at $41.84 a barrel.

EUR/USD was down 0.43% to 1.1622, while EUR/GBP fell 0.04% to 0.9148.

The US Dollar Index Futures was up 0.37% at 94.745.

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