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Germany stocks lower at close of trade; DAX down 1.07%

Published 10/18/2018, 12:15 PM
Updated 10/18/2018, 12:16 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.07%
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Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Construction, Software and Technology sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.07%, while the MDAX index fell 0.24%, and the TecDAX index fell 1.03%.

The best performers of the session on the DAX were Linde AG 1 (DE:LIN1), which rose 2.75% or 5.7000 points to trade at 213.2000 at the close. Meanwhile, Deutsche Boerse AG (DE:DB1Gn) added 1.45% or 1.600 points to end at 111.950 and Bayer AG NA (DE:BAYGN) was up 1.34% or 1.04 points to 78.42 in late trade.

The worst performers of the session were Heidelbergcement AG O.N. (DE:HEIG), which fell 8.88% or 5.560 points to trade at 57.080 at the close. SAP SE (DE:SAPG) declined 5.78% or 5.800 points to end at 94.540 and Infineon Technologies AG NA O.N. (DE:IFXGn) was down 4.34% or 0.825 points to 18.190.

The top performers on the MDAX were Software AG (DE:SOWGn) which rose 3.50% to 38.110, Uniper SE (DE:UN01) which was up 2.60% to settle at 26.830 and Stroeer SE (DE:SAXG) which gained 2.59% to close at 46.760.

The worst performers were Siltronic AG (DE:WAFGn) which was down 7.30% to 92.000 in late trade, K+S AG NA O.N. (DE:SDFGn) which lost 3.31% to settle at 17.395 and Norma Group AG NA O.N. (DE:NOEJ) which was down 3.23% to 46.200 at the close.

The top performers on the TecDAX were Sixt AG ST O.N. (DE:SIXG) which rose 12.64% to 102.500, Steinhoff International Holdings NV (DE:SNHG) which was up 9.99% to settle at 0.14 and Borussia Dortmund GmbH & Co KGaA (DE:BVB) which gained 3.89% to close at 9.080.

The worst performers were SAP SE (DE:SAPG) which was down 5.78% to 94.540 in late trade, Aixtron SE NA O.N. (DE:AIXGn) which lost 5.76% to settle at 9.3500 and Krones AG O.N. (DE:KRNG) which was down 5.35% to 82.250 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 416 to 305 and 58 ended unchanged.

Shares in Heidelbergcement AG O.N. (DE:HEIG) fell to 3-years lows; down 8.88% or 5.560 to 57.080. Shares in K+S AG NA O.N. (DE:SDFGn) fell to 52-week lows; falling 3.31% or 0.595 to 17.395. Shares in Borussia Dortmund GmbH & Co KGaA (DE:BVB) rose to all time highs; up 3.89% or 0.340 to 9.080. Shares in Krones AG O.N. (DE:KRNG) fell to 52-week lows; losing 5.35% or 4.650 to 82.250.

The DAX volatility index, which measures the implied volatility of DAX options, was up 0.87% to 17.31.

Gold Futures for December delivery was up 0.42% or 5.10 to $1232.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.95% or 0.66 to hit $69.09 a barrel, while the December Brent oil contract fell 0.84% or 0.67 to trade at $79.38 a barrel.

EUR/USD was down 0.18% to 1.1481, while EUR/GBP rose 0.25% to 0.8792.

The US Dollar Index Futures was up 0.16% at 95.50.

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