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Germany stocks lower at close of trade; DAX down 1.28%

Published 08/09/2019, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.28%
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BAYGN
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CONG
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Investing.com – Germany stocks were lower after the close on Friday, as losses in the Basic Resources, Technology and Software sectors led shares lower.

At the close in Frankfurt, the DAX declined 1.28%, while the MDAX index lost 0.93%, and the TecDAX index declined 1.56%.

The best performers of the session on the DAX were Bayer AG NA (DE:BAYGN), which rose 2.64% or 1.66 points to trade at 64.63 at the close. Meanwhile, Vonovia SE (DE:VNAn) added 0.49% or 0.22 points to end at 44.87 and Muench. Rueckvers. VNA O.N. (DE:MUVGn) was up 0.37% or 0.80 points to 215.90 in late trade.

The worst performers of the session were Thyssenkrupp AG O.N. (DE:TKAG), which fell 6.79% or 0.745 points to trade at 10.220 at the close. Continental AG O.N. (DE:CONG) declined 3.27% or 3.86 points to end at 114.14 and Deutsche Bank AG NA O.N. (DE:DBKGn) was down 3.18% or 0.219 points to 6.661.

The top performers on the MDAX were Carl Zeiss Meditec AG (DE:AFXG) which rose 4.15% to 99.050, LEG Immobilien AG (DE:LEGn) which was up 1.94% to settle at 107.850 and Osram Licht AG (DE:OSRn) which gained 1.12% to close at 31.65.

The worst performers were Hella KGaA Hueck & Co (DE:HLE) which was down 6.63% to 38.60 in late trade, Duerr AG (DE:DUEG) which lost 6.49% to settle at 23.360 and Leoni AG (DE:LEOGn) which was down 5.72% to 11.130 at the close.

The top performers on the TecDAX were Carl Zeiss Meditec AG (DE:AFXG) which rose 4.15% to 99.050, SLM Solutions Group AG (DE:AM3D) which was up 0.83% to settle at 12.20 and RIB Software AG Na (DE:RIB) which gained 0.47% to close at 19.040.

The worst performers were SMA Solar Technology AG (DE:S92G) which was down 5.32% to 22.080 in late trade, Jenoptik AG (DE:JENGn) which lost 5.30% to settle at 25.000 and Bechtle AG (DE:BC8G) which was down 5.15% to 93.050 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 451 to 228 and 77 ended unchanged.

Shares in Thyssenkrupp AG O.N. (DE:TKAG) fell to all time lows; losing 6.79% or 0.745 to 10.220. Shares in Continental AG O.N. (DE:CONG) fell to 5-year lows; falling 3.27% or 3.86 to 114.14. Shares in Duerr AG (DE:DUEG) fell to 5-year lows; down 6.49% or 1.620 to 23.360. Shares in Leoni AG (DE:LEOGn) fell to 5-year lows; losing 5.72% or 0.675 to 11.130.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.00% to 19.48.

Gold Futures for December delivery was down 0.12% or 1.75 to $1507.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 3.84% or 2.02 to hit $54.56 a barrel, while the October Brent oil contract rose 2.44% or 1.40 to trade at $58.78 a barrel.

EUR/USD was up 0.25% to 1.1205, while EUR/GBP rose 0.84% to 0.9290.

The US Dollar Index Futures was down 0.10% at 97.333.

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