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Germany stocks lower at close of trade; DAX down 0.71%

Published 08/27/2020, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.71%
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Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Retail, Technology and Pharmaceuticals & Healthcare sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.71%, while the MDAX index fell 0.67%, and the TecDAX index lost 1.36%.

The best performers of the session on the DAX were MTU Aero Engines NA O.N. (DE:MTXGn), which rose 2.75% or 4.30 points to trade at 160.45 at the close. Meanwhile, Volkswagen AG VZO O.N. (DE:VOWG_p) added 0.83% or 1.16 points to end at 140.12 and Bayerische Motoren Werke AG (DE:BMWG) was up 0.66% or 0.390 points to 59.665 in late trade.

The worst performers of the session were Delivery Hero AG (DE:DHER), which fell 4.72% or 4.50 points to trade at 90.82 at the close. Infineon Technologies AG NA O.N. (DE:IFXGn) declined 2.05% or 0.490 points to end at 23.365 and Bayer AG NA (DE:BAYGN) was down 1.84% or 1.06 points to 56.53.

The top performers on the MDAX were Varta AG (DE:VAR1) which rose 2.85% to 130.000, Airbus Group SE (DE:AIRG) which was up 2.63% to settle at 72.07 and Deutsche Lufthansa AG (DE:LHAG) which gained 2.49% to close at 8.984.

The worst performers were Aroundtown Property Holdings PLC (DE:AT1) which was down 6.88% to 4.629 in late trade, K+S AG NA O.N. (DE:SDFGn) which lost 3.26% to settle at 6.164 and Qiagen NV (DE:QIA) which was down 3.21% to 42.765 at the close.

The top performers on the TecDAX were Varta AG (DE:VAR1) which rose 2.85% to 130.000, Nordex SE O.N. (DE:NDXG) which was up 0.64% to settle at 11.080 and Freenet AG NA (DE:FNTGn) which gained 0.61% to close at 18.253.

The worst performers were Qiagen NV (DE:QIA) which was down 3.21% to 42.765 in late trade, Sartorius AG VZO O.N. (DE:SATG_p) which lost 2.74% to settle at 348.000 and Aixtron SE (DE:AIXGn) which was down 2.58% to 10.195 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 414 to 258 and 80 ended unchanged.

Shares in Varta AG (DE:VAR1) rose to all time highs; rising 2.85% or 3.600 to 130.000. Shares in Varta AG (DE:VAR1) rose to all time highs; rising 2.85% or 3.600 to 130.000.

The DAX volatility index, which measures the implied volatility of DAX options, was up 5.36% to 24.59.

Gold Futures for December delivery was down 1.15% or 22.55 to $1929.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 1.36% or 0.59 to hit $42.80 a barrel, while the November Brent oil contract fell 1.47% or 0.68 to trade at $45.48 a barrel.

EUR/USD was down 0.16% to 1.1810, while EUR/GBP fell 0.02% to 0.8952.

The US Dollar Index Futures was up 0.10% at 93.085.

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