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Germany stocks lower at close of trade; DAX down 1.06%

Published 01/29/2021, 11:15 AM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.06%
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Investing.com – Germany stocks were lower after the close on Friday, as losses in the Transportation & Logistics, Insurance and Software sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.06% to hit a new 1-month low, while the MDAX index declined 0.70%, and the TecDAX index lost 0.51%.

The best performers of the session on the DAX were Daimler AG NA O.N. (DE:DAIGn), which rose 2.23% or 1.280 points to trade at 58.740 at the close. Meanwhile, Covestro AG (DE:1COV) added 1.41% or 0.780 points to end at 56.280 and MTU Aero Engines NA O.N. (DE:MTXGn) was up 1.02% or 1.95 points to 193.90 in late trade.

The worst performers of the session were Fresenius Medical Care KGAA ST (DE:FMEG), which fell 2.73% or 1.880 points to trade at 66.990 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 2.44% or 0.211 points to end at 8.447 and Muench. Rueckvers. VNA O.N. (DE:MUVGn) was down 2.47% or 5.60 points to 220.70.

The top performers on the MDAX were Sartorius AG VZO O.N. (DE:SATG_p) which rose 4.40% to 408.200, Qiagen NV (DE:QIA) which was up 3.14% to settle at 44.635 and Hella KGaA Hueck & Co (DE:HLE) which gained 3.01% to close at 51.05.

The worst performers were Varta AG (DE:VAR1) which was down 15.39% to 153.400 in late trade, Evotec AG O.N. (DE:EVTG) which lost 11.55% to settle at 32.790 and Rational AG (DE:RAAG) which was down 5.01% to 796.00 at the close.

The top performers on the TecDAX were Sartorius AG VZO O.N. (DE:SATG_p) which rose 4.40% to 408.200, Qiagen NV (DE:QIA) which was up 3.14% to settle at 44.635 and Nemetschek AG O.N. (DE:NEKG) which gained 2.63% to close at 58.500.

The worst performers were Varta AG (DE:VAR1) which was down 15.39% to 153.400 in late trade, Evotec AG O.N. (DE:EVTG) which lost 11.55% to settle at 32.790 and Software AG (DE:SOWGn) which was down 3.26% to 33.500 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 406 to 258 and 35 ended unchanged.

Shares in Sartorius AG VZO O.N. (DE:SATG_p) rose to all time highs; up 4.40% or 17.200 to 408.200. Shares in Sartorius AG VZO O.N. (DE:SATG_p) rose to all time highs; rising 4.40% or 17.200 to 408.200.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.48% to 29.43 a new 1-month high.

Gold Futures for April delivery was up 0.98% or 18.10 to $1859.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.40% or 0.21 to hit $52.55 a barrel, while the April Brent oil contract rose 0.53% or 0.29 to trade at $55.39 a barrel.

EUR/USD was up 0.11% to 1.2134, while EUR/GBP rose 0.17% to 0.8848.

The US Dollar Index Futures was up 0.09% at 90.510.

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