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Germany stocks lower at close of trade; DAX down 0.46%

Published 02/27/2019, 01:15 PM
© Reuters. Germany stocks lower at close of trade; DAX down 0.46%
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Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Consumer & Cyclical, Retail and Technology sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.46%, while the MDAX index declined 0.52%, and the TecDAX index declined 0.97%.

The best performers of the session on the DAX were Bayer AG NA (DE:BAYGN), which rose 4.18% or 2.78 points to trade at 69.28 at the close. Meanwhile, Deutsche Bank AG NA O.N. (DE:DBKGn) added 1.99% or 0.156 points to end at 7.984 and Volkswagen AG VZO O.N. (DE:VOWG_p) was up 0.42% or 0.64 points to 151.66 in late trade.

The worst performers of the session were Beiersdorf AG O.N. (DE:BEIG), which fell 9.61% or 8.740 points to trade at 82.160 at the close. Merck KGaA (DE:MRCG) declined 4.24% or 4.02 points to end at 90.86 and Deutsche Lufthansa AG (DE:LHAG) was down 2.38% or 0.560 points to 22.950.

The top performers on the MDAX were Commerzbank AG O.N. (DE:CBKG) which rose 4.64% to 7.097, Leoni AG (DE:LEOGn) which was up 3.17% to settle at 23.460 and Freenet AG NA (DE:FNTGn) which gained 2.65% to close at 18.9550.

The worst performers were Sartorius AG VZO O.N. (DE:SATG_p) which was down 3.15% to 138.300 in late trade, Fielmann AG (DE:FIEG) which lost 3.04% to settle at 59.100 and Morphosys AG O.N. (DE:MORG) which was down 2.99% to 89.2500 at the close.

The top performers on the TecDAX were Freenet AG NA (DE:FNTGn) which rose 2.65% to 18.955, Nordex SE O.N. (DE:NDXG) which was up 2.13% to settle at 11.250 and SMA Solar Technology AG (DE:S92G) which gained 1.79% to close at 22.700.

The worst performers were Medigene NA O.N. (DE:MDG1k) which was down 4.42% to 9.300 in late trade, Sartorius AG VZO O.N. (DE:SATG_p) which lost 3.15% to settle at 138.300 and Morphosys AG O.N. (DE:MORG) which was down 2.99% to 89.250 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 438 to 261 and 82 ended unchanged.

Shares in Beiersdorf AG O.N. (DE:BEIG) fell to 52-week lows; down 9.61% or 8.740 to 82.160.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.55% to 16.11.

Gold Futures for April delivery was down 0.57% or 7.55 to $1320.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 3.26% or 1.81 to hit $57.31 a barrel, while the May Brent oil contract rose 2.26% or 1.48 to trade at $66.84 a barrel.

EUR/USD was down 0.14% to 1.1369, while EUR/GBP fell 0.64% to 0.8544.

The US Dollar Index Futures was up 0.18% at 96.037.

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