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Germany stocks lower at close of trade; DAX down 0.78%

Published 08/06/2019, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.78%
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Investing.com – Germany stocks were lower after the close on Tuesday, as losses in the Chemicals, Software and Financial Services sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.78% to hit a new 3-months low, while the MDAX index lost 0.38%, and the TecDAX index declined 0.05%.

The best performers of the session on the DAX were Wirecard AG (DE:WDIG), which rose 3.50% or 5.100 points to trade at 150.650 at the close. Meanwhile, Beiersdorf AG O.N. (DE:BEIG) added 3.20% or 3.300 points to end at 106.450 and Deutsche Post AG NA O.N. (DE:DPWGn) was up 2.26% or 0.630 points to 28.510 in late trade.

The worst performers of the session were Linde PLC (DE:LINI), which fell 3.24% or 5.550 points to trade at 166.000 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 2.35% or 0.162 points to end at 6.723 and Fresenius SE & Co KGAA O.N. (DE:FREG) was down 2.08% or 0.905 points to 42.595.

The top performers on the MDAX were GEA Group AG (DE:G1AG) which rose 6.98% to 23.075, Puma SE (DE:PUMG) which was up 3.31% to settle at 62.50 and Delivery Hero AG (DE:DHER) which gained 2.88% to close at 43.51.

The worst performers were Metro Wholesale & Food Specialist AG (DE:B4B) which was down 8.07% to 13.8950 in late trade, Siltronic AG (DE:WAFGn) which lost 4.76% to settle at 60.840 and Norma Group AG NA O.N. (DE:NOEJ) which was down 2.90% to 28.140 at the close.

The top performers on the TecDAX were Wirecard AG (DE:WDIG) which rose 3.50% to 150.650, New Work SE (DE:NWOn) which was up 2.15% to settle at 332.00 and RIB Software AG Na (DE:RIB) which gained 1.68% to close at 19.380.

The worst performers were Siltronic AG (DE:WAFGn) which was down 4.76% to 60.840 in late trade, Draegerwerk VZO O.N. (DE:DRWG_p) which lost 2.44% to settle at 47.200 and Medigene NA O.N. (DE:MDG1k) which was down 2.42% to 6.245 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 413 to 253 and 88 ended unchanged.

Shares in Norma Group AG NA O.N. (DE:NOEJ) fell to 5-year lows; down 2.90% or 0.840 to 28.140. Shares in Medigene NA O.N. (DE:MDG1k) fell to 3-years lows; losing 2.42% or 0.155 to 6.245.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.63% to 21.82 a new 6-months high.

Gold Futures for December delivery was up 0.48% or 7.15 to $1483.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.46% or 0.25 to hit $54.44 a barrel, while the October Brent oil contract fell 0.42% or 0.25 to trade at $59.56 a barrel.

EUR/USD was down 0.01% to 1.1200, while EUR/GBP fell 0.11% to 0.9215.

The US Dollar Index Futures was up 0.09% at 97.393.

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