Investing.com – Germany stocks were lower after the close on Friday, as losses in the Insurance, Utilities and Transportation & Logistics sectors led shares lower.
At the close in Frankfurt, the DAX declined 6.82%, while the MDAX index lost 4.54%, and the TecDAX index lost 3.35%.
The best performers of the session on the DAX were Continental AG O.N. (DE:CONG), which unchanged 0.00% or 0.000 points to trade at 196.800 at the close. Meanwhile, Heidelbergcement AG O.N. (DE:HEIG) unchanged 0.00% or 0.000 points to end at 75.750 and Henkel AG & Co Kgaa Vzo (DE:HNKG) was down 0.33% or 0.350 points to 104.700 in late trade.
The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 14.13% or 2.200 points to trade at 13.365 at the close. Commerzbank AG O.N. (DE:CBKG) declined 12.99% or 0.926 points to end at 6.201 and Thyssenkrupp AG O.N. (DE:TKAG) was down 12.39% or 2.465 points to 17.425.
The top performers on the MDAX were DMG Mori Seiki AG (DE:GILG) which rose 0.09% to 42.180, Symrise AG Inh. O.N. (DE:SY1G) which was down 0.12% to settle at 57.650 and Kuka AG (DE:KU2G) which lost 0.28% to close at 107.350.
The worst performers were Hugo Boss AG NA O.N. (DE:BOSSn) which was down 11.14% to 50.090 in late trade, Leoni AG NA O.N. (DE:LEOGn) which lost 8.88% to settle at 27.770 and Aareal Bank AG (DE:ARLG) which was down 8.68% to 29.000 at the close.
The top performers on the TecDAX were Carl Zeiss Meditec AG (DE:AFXG) which rose 1.47% to 34.195, Nordex SE O.N. (DE:NDXG) which was unchanged 0.00% to settle at 27.355 and Aixtron SE NA O.N. (DE:AIXGn) which lost 0.55% to close at 5.430.
The worst performers were GFT Technologies AG (DE:GFTG) which was down 11.06% to 19.145 in late trade, SMA Solar Technology AG (DE:S92G) which lost 8.44% to settle at 44.000 and Adva Optical Networking SE (DE:ADAG) which was down 8.22% to 7.791 at the close.
Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 781 to 159 and 10 ended unchanged.
Shares in Commerzbank AG O.N. (DE:CBKG) fell to 52-week lows; losing 12.99% or 0.926 to 6.201. Shares in Hugo Boss AG NA O.N. (DE:BOSSn) fell to 5-year lows; down 11.14% or 6.280 to 50.090.
The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 25.38.
Gold for August delivery was up 4.72% or 59.60 to $1322.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 4.61% or 2.31 to hit $47.80 a barrel, while the August Brent oil contract fell 4.69% or 2.39 to trade at $48.52 a barrel.
EUR/USD was down 2.35% to 1.1115, while EUR/GBP rose 7.06% to 0.8191.
The US Dollar Index was up 2.46% at 95.63.