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Germany stocks lower at close of trade; DAX down 0.35%

Published 03/24/2021, 05:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.35%
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Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Retail, Financial Services and Media sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.35%, while the MDAX index fell 0.75%, and the TecDAX index declined 1.11%.

The best performers of the session on the DAX were Heidelbergcement AG O.N. (DE:HEIG), which rose 2.05% or 1.500 points to trade at 74.560 at the close. Meanwhile, MTU Aero Engines NA O.N. (DE:MTXGn) added 1.29% or 2.50 points to end at 196.30 and BASF SE NA O.N. (DE:BASFN) was up 1.21% or 0.835 points to 69.990 in late trade.

The worst performers of the session were Volkswagen AG VZO O.N. (DE:VOWG_p), which fell 3.52% or 8.00 points to trade at 219.50 at the close. Delivery Hero AG (DE:DHER) declined 2.89% or 3.25 points to end at 109.25 and Deutsche Wohnen AG (DE:DWNG) was down 2.30% or 0.950 points to 40.410.

The top performers on the MDAX were Kion Group AG (DE:KGX) which rose 3.45% to 78.46, Deutsche Lufthansa AG (DE:LHAG) which was up 2.54% to settle at 11.018 and Fraport AG (DE:FRAG) which gained 2.52% to close at 50.350.

The worst performers were HelloFresh SE (DE:HFGG) which was down 4.52% to 63.40 in late trade, Nemetschek AG O.N. (DE:NEKG) which lost 4.05% to settle at 54.500 and Varta AG (DE:VAR1) which was down 3.96% to 128.600 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 1.96% to 24.980, Software AG (DE:SOWGn) which was up 1.17% to settle at 35.410 and Jenoptik AG (DE:JENGn) which gained 0.95% to close at 27.640.

The worst performers were S&T AG (DE:SANT1) which was down 5.70% to 21.16 in late trade, LPKF Laser & Electronics (DE:LPKG) which lost 4.71% to settle at 24.300 and New Work SE (DE:NWOn) which was down 4.28% to 223.50 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 364 to 310 and 74 ended unchanged.

Shares in Heidelbergcement AG O.N. (DE:HEIG) rose to 52-week highs; up 2.05% or 1.500 to 74.560.

The DAX volatility index, which measures the implied volatility of DAX options, was up 1.26% to 19.35.

Gold Futures for April delivery was up 0.48% or 8.35 to $1733.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 5.32% or 3.07 to hit $60.83 a barrel, while the May Brent oil contract rose 0.09% or 0.06 to trade at $64.19 a barrel.

EUR/USD was up 0.00% to 1.1812, while EUR/GBP rose 0.04% to 0.8630.

The US Dollar Index Futures was up 0.29% at 92.613.

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