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Germany stocks lower at close of trade; DAX down 0.45%

Published 02/07/2020, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.45%
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Investing.com – Germany stocks were lower after the close on Friday, as losses in the Basic Resources, Technology and Retail sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.45%, while the MDAX index declined 0.82%, and the TecDAX index fell 0.89%.

The best performers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 2.14% or 0.200 points to trade at 9.530 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 0.87% or 0.280 points to end at 32.530 and MTU Aero Engines NA O.N. (DE:MTXGn) was up 0.73% or 2.00 points to 274.80 in late trade.

The worst performers of the session were Daimler AG NA O.N. (DE:DAIGn), which fell 2.70% or 1.190 points to trade at 42.885 at the close. Bayerische Motoren Werke AG (DE:BMWG) declined 2.47% or 1.640 points to end at 64.690 and Volkswagen AG VZO O.N. (DE:VOWG_p) was down 2.34% or 3.98 points to 166.42.

The top performers on the MDAX were Tag Immobilien AG (DE:TEGG) which rose 1.91% to 24.580, Commerzbank AG O.N. (DE:CBKG) which was up 1.86% to settle at 5.813 and Metro Wholesale & Food Specialist AG (DE:B4B) which gained 1.57% to close at 12.3250.

The worst performers were Nemetschek AG O.N. (DE:NEKG) which was down 5.51% to 64.250 in late trade, Rational AG (DE:RAAG) which lost 4.23% to settle at 679.00 and Varta AG (DE:VAR1) which was down 4.09% to 75.000 at the close.

The top performers on the TecDAX were Bechtle AG (DE:BC8G) which rose 0.70% to 144.600, Deutsche Telekom AG Na (DE:DTEGn) which was up 0.36% to settle at 14.902 and Freenet AG NA (DE:FNTGn) which gained 0.35% to close at 19.795.

The worst performers were Nemetschek AG O.N. (DE:NEKG) which was down 5.51% to 64.250 in late trade, Varta AG (DE:VAR1) which lost 4.09% to settle at 75.000 and RIB Software AG Na (DE:RIB) which was down 3.34% to 18.500 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 422 to 256 and 71 ended unchanged.

Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) rose to 52-week highs; up 2.14% or 0.200 to 9.530. Shares in RWE AG ST O.N. (DE:RWEG) rose to 5-year highs; rising 0.87% or 0.280 to 32.530. Shares in Tag Immobilien AG (DE:TEGG) rose to 5-year highs; up 1.91% or 0.460 to 24.580. Shares in Bechtle AG (DE:BC8G) rose to all time highs; gaining 0.70% or 1.000 to 144.600.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.03% to 14.46.

Gold Futures for April delivery was up 0.19% or 2.95 to $1572.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.82% or 0.42 to hit $50.53 a barrel, while the April Brent oil contract fell 0.49% or 0.27 to trade at $54.66 a barrel.

EUR/USD was down 0.32% to 1.0944, while EUR/GBP fell 0.04% to 0.8488.

The US Dollar Index Futures was up 0.20% at 98.575.

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