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Germany stocks mixed at close of trade; DAX up 2.25%

Published 03/17/2020, 02:15 PM
Updated 03/17/2020, 02:15 PM
© Reuters.  Germany stocks mixed at close of trade; DAX up 2.25%

Investing.com – Germany stocks were mixed after the close on Tuesday, as gains in the Food & Beverages, Chemicals and Telecoms sectors led shares higher while losses in the Media, Industrials and Insurance sectors led shares lower.

At the close in Frankfurt, the DAX gained 2.25%, while the MDAX index declined 1.43%, and the TecDAX index added 0.40%.

The best performers of the session on the DAX were Daimler AG NA O.N. (DE:DAIGn), which rose 5.91% or 1.350 points to trade at 24.190 at the close. Meanwhile, Linde PLC (DE:LINI) added 5.89% or 8.200 points to end at 147.400 and BASF SE NA O.N. (DE:BASFN) was up 5.00% or 1.940 points to 40.740 in late trade.

The worst performers of the session were Fresenius SE & Co KGAA O.N. (DE:FREG), which fell 6.49% or 1.920 points to trade at 27.660 at the close. MTU Aero Engines NA O.N. (DE:MTXGn) declined 5.43% or 7.35 points to end at 128.00 and Wirecard AG (DE:WDIG) was down 4.43% or 4.020 points to 86.740.

The top performers on the MDAX were Freenet AG NA (DE:FNTGn) which rose 9.60% to 15.842, United Internet AG NA (DE:UTDI) which was up 8.20% to settle at 23.480 and Delivery Hero AG (DE:DHER) which gained 7.39% to close at 59.58.

The worst performers were Osram Licht AG (DE:OSRn) which was down 24.28% to 29.34 in late trade, Aroundtown Property Holdings PLC (DE:AT1) which lost 12.50% to settle at 4.270 and Prosiebensat 1 Media AG (DE:PSMGn) which was down 11.68% to 6.2160 at the close.

The top performers on the TecDAX were Freenet AG NA (DE:FNTGn) which rose 9.60% to 15.842, United Internet AG NA (DE:UTDI) which was up 8.20% to settle at 23.480 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 6.23% to close at 1.944.

The worst performers were TeamViewer AG (DE:TMV) which was down 5.95% to 24.81 in late trade, Jenoptik AG (DE:JENGn) which lost 5.11% to settle at 15.220 and Wirecard AG (DE:WDIG) which was down 4.43% to 86.740 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 363 to 346 and 29 ended unchanged.

Shares in Fresenius SE & Co KGAA O.N. (DE:FREG) fell to 5-year lows; down 6.49% or 1.920 to 27.660. Shares in MTU Aero Engines NA O.N. (DE:MTXGn) fell to 52-week lows; down 5.43% or 7.35 to 128.00. Shares in Aroundtown Property Holdings PLC (DE:AT1) fell to 52-week lows; down 12.50% or 0.610 to 4.270. Shares in Prosiebensat 1 Media AG (DE:PSMGn) fell to 5-year lows; losing 11.68% or 0.8220 to 6.2160. Shares in Jenoptik AG (DE:JENGn) fell to 3-years lows; falling 5.11% or 0.820 to 15.220.

The DAX volatility index, which measures the implied volatility of DAX options, was down 8.74% to 78.49.

Gold Futures for April delivery was up 3.21% or 47.65 to $1534.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 2.93% or 0.85 to hit $28.15 a barrel, while the May Brent oil contract fell 3.33% or 1.00 to trade at $29.05 a barrel.

EUR/USD was down 1.71% to 1.0990, while EUR/GBP fell 0.27% to 0.9087.

The US Dollar Index Futures was up 1.64% at 99.763.

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