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Germany stocks lower at close of trade; DAX down 0.72%

Published 07/17/2019, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.72%
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Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Food & Beverages, Basic Resources and Retail sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.72%, while the MDAX index declined 0.50%, and the TecDAX index lost 0.61%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 0.83% or 0.36 points to trade at 43.83 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 0.64% or 0.150 points to end at 23.590 and Beiersdorf AG O.N. (DE:BEIG) was up 0.56% or 0.600 points to 107.150 in late trade.

The worst performers of the session were Fresenius Medical Care KGAA ST (DE:FMEG), which fell 3.51% or 2.480 points to trade at 68.120 at the close. Wirecard AG (DE:WDIG) declined 3.20% or 4.700 points to end at 142.250 and Fresenius SE & Co KGAA O.N. (DE:FREG) was down 2.45% or 1.145 points to 45.630.

The top performers on the MDAX were Morphosys AG O.N. (DE:MORG) which rose 2.95% to 97.7500, Carl Zeiss Meditec AG (DE:AFXG) which was up 2.10% to settle at 97.300 and Fielmann AG (DE:FIEG) which gained 1.34% to close at 64.400.

The worst performers were Hochtief AG (DE:HOTG) which was down 4.74% to 106.60 in late trade, Leoni AG (DE:LEOGn) which lost 4.17% to settle at 12.880 and Drillisch AG (DE:DRIG) which was down 3.64% to 29.140 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (DE:MORG) which rose 2.95% to 97.750, Carl Zeiss Meditec AG (DE:AFXG) which was up 2.10% to settle at 97.300 and SLM Solutions Group AG (DE:AM3D) which gained 1.83% to close at 12.26.

The worst performers were Medigene NA O.N. (DE:MDG1k) which was down 5.24% to 6.605 in late trade, Drillisch AG (DE:DRIG) which lost 3.64% to settle at 29.140 and Nordex SE O.N. (DE:NDXG) which was down 3.33% to 13.350 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 487 to 198 and 80 ended unchanged.

Shares in Carl Zeiss Meditec AG (DE:AFXG) rose to all time highs; rising 2.10% or 2.000 to 97.300. Shares in Leoni AG (DE:LEOGn) fell to 5-year lows; losing 4.17% or 0.560 to 12.880. Shares in Carl Zeiss Meditec AG (DE:AFXG) rose to all time highs; up 2.10% or 2.000 to 97.300.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.84% to 14.13.

Gold Futures for August delivery was up 0.90% or 12.65 to $1423.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 1.63% or 0.94 to hit $56.68 a barrel, while the September Brent oil contract fell 1.13% or 0.73 to trade at $63.62 a barrel.

EUR/USD was up 0.15% to 1.1225, while EUR/GBP fell 0.14% to 0.9020.

The US Dollar Index Futures was down 0.20% at 96.843.

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