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Germany stocks lower at close of trade; DAX down 0.83%

Published 03/26/2018, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.83%
DE40
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BMWG
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FMEG
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IFXGn
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CECG
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RHMG
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FREG
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G1AG
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DRWG_p
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SZUG
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CXPFX
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CXPHX
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CXPRX
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MDAXI
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TECDAX
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V1XI
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EVTG
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GFTG
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KTN
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RIB
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VOWG_p
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PSMGn
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MDG1k
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KGX
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1COV
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Investing.com – Germany stocks were lower after the close on Monday, as losses in the Food & Beverages, Technology and Retail sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.83% to hit a new 52-week low, while the MDAX index declined 0.27%, and the TecDAX index fell 1.68%.

The best performers of the session on the DAX were Bayerische Motoren Werke AG (DE:BMWG), which rose 1.22% or 1.030 points to trade at 85.210 at the close. Meanwhile, Volkswagen AG VZO O.N. (DE:VOWG_p) added 0.69% or 1.06 points to end at 154.74 and Prosiebensat 1 Media AG (DE:PSMGn) was up 0.51% or 0.140 points to 27.490 in late trade.

The worst performers of the session were Fresenius SE & Co KGAA O.N. (DE:FREG), which fell 2.34% or 1.420 points to trade at 59.320 at the close. Fresenius Medical Care KGAA ST (DE:FMEG) declined 2.10% or 1.700 points to end at 79.400 and Infineon Technologies AG NA O.N. (DE:IFXGn) was down 1.76% or 0.390 points to 21.790.

The top performers on the MDAX were Kion Group AG (DE:KGX) which rose 1.97% to 73.40, Rheinmetall AG (DE:RHMG) which was up 1.76% to settle at 113.000 and Metro AG (DE:MEOG) which gained 1.62% to close at 9.266.

The worst performers were Suedzucker AG (DE:SZUG) which was down 4.37% to 14.210 in late trade, Covestro AG (DE:1COV) which lost 2.15% to settle at 80.100 and GEA Group AG (DE:G1AG) which was down 1.87% to 34.050 at the close.

The top performers on the TecDAX were Evotec AG O.N. (DE:EVTG) which rose 4.60% to 15.915, GFT Technologies AG (DE:GFTG) which was up 3.10% to settle at 13.300 and S&T AG (F:SANT1) which gained 2.94% to close at 21.000.

The worst performers were RIB Software AG Na (DE:RIB) which was down 13.18% to 20.680 in late trade, Medigene NA O.N. (DE:MDG1k) which lost 9.08% to settle at 13.020 and Draegerwerk VZO O.N. (DE:DRWG_p) which was down 7.93% to 73.100 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 471 to 243 and 57 ended unchanged.

Shares in Fresenius SE & Co KGAA O.N. (DE:FREG) fell to 52-week lows; down 2.34% or 1.420 to 59.320. Shares in Suedzucker AG (DE:SZUG) fell to 52-week lows; falling 4.37% or 0.650 to 14.210. Shares in GEA Group AG (DE:G1AG) fell to 52-week lows; losing 1.87% or 0.650 to 34.050.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.74% to 22.75.

Gold Futures for April delivery was up 0.33% or 4.50 to $1354.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.49% or 0.32 to hit $65.56 a barrel, while the June Brent oil contract fell 0.42% or 0.29 to trade at $69.52 a barrel.

EUR/USD was up 0.72% to 1.2441, while EUR/GBP fell 0.02% to 0.8740.

The US Dollar Index Futures was down 0.49% at 88.66.

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