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Germany stocks lower at close of trade; DAX down 0.73%

Published 02/28/2022, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.73%
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Investing.com – Germany stocks were lower after the close on Monday, as losses in the Software, Retail and Pharmaceuticals & Healthcare sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.73%, while the MDAX index unchanged 0%, and the TecDAX index unchanged 0%.

The best performers of the session on the DAX were Siemens Energy AG (DE:ENR1n), which unchanged 0% or 0 points to trade at 19.43 at the close. Meanwhile, Delivery Hero AG (DE:DHER) unchanged 0% or 0 points to end at 43.32 and Zalando SE (DE:ZALG) was up 6.47% or 3.62 points to 59.58 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 5.20% or 0.618 points to trade at 11.260 at the close. Volkswagen AG VZO O.N. (DE:VOWG_p) declined 3.93% or 7.28 points to end at 178.04 and Continental AG O.N. (DE:CONG) was down 3.41% or 2.71 points to 76.80.

The top performers on the MDAX were Rheinmetall AG (DE:RHMG) which unchanged 0% to 107.050, Thyssenkrupp AG O.N. (DE:TKAG) which was unchanged 0% to settle at 8.616 and Wacker Chemie O.N. (DE:WCHG) which gained 6.65% to close at 138.75.

The worst performers were Commerzbank AG O.N. (DE:CBKG) which was down 7.33% to 7.534 in late trade, Uniper SE (DE:UN01) which lost 6.34% to settle at 28.500 and Lanxess AG (DE:LXSG) which was down 4.41% to 43.580 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which unchanged 0% to 28.160, Nordex SE O.N. (DE:NDXG) which was unchanged 0% to settle at 14.010 and Jenoptik AG (DE:JENGn) which unchanged 0% to close at 29.840.

The worst performers were Freenet AG NA (DE:FNTGn) which was down 2.68% to 23.980 in late trade, United Internet AG NA (DE:UTDI) which lost 1.59% to settle at 30.360 and Infineon Technologies AG NA O.N. (DE:IFXGn) which was down 0.98% to 30.745 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 371 to 342 and 55 ended unchanged.

Shares in Continental AG O.N. (DE:CONG) fell to 52-week lows; losing 3.41% or 2.71 to 76.80. Shares in Rheinmetall AG (DE:RHMG) unchanged to all time highs; unchanged 0% or 0 to 107.050. Shares in Uniper SE (DE:UN01) fell to 52-week lows; losing 6.34% or 1.930 to 28.500. Shares in Lanxess AG (DE:LXSG) fell to 52-week lows; losing 4.41% or 2.010 to 43.580.

The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0% to 34.69.

Gold Futures for April delivery was up 0.63% or 12.05 to $1911.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 3.68% or 3.32 to hit $93.53 a barrel, while the May Brent oil contract rose 2.10% or 1.95 to trade at $94.94 a barrel.

EUR/USD was unchanged 0% to 1.1312, while EUR/GBP unchanged 0% to 0.8321.

The US Dollar Index Futures was up 0.10% at 96.112.

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