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Germany stocks lower at close of trade; DAX down 1.36%

Published 10/08/2018, 12:15 PM
Updated 10/08/2018, 12:16 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.36%
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Investing.com – Germany stocks were lower after the close on Monday, as losses in the Software, Technology and Retail sectors led shares lower.

At the close in Frankfurt, the DAX declined 1.36% to hit a new 6-months low, while the MDAX index fell 1.64%, and the TecDAX index declined 3.61%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 0.41% or 0.16 points to trade at 39.64 at the close. Meanwhile, Thyssenkrupp AG O.N. (DE:TKAG) added 0.34% or 0.070 points to end at 20.670 and Covestro AG (DE:1COV) was up 0.24% or 0.160 points to 66.760 in late trade.

The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 4.55% or 0.407 points to trade at 8.542 at the close. RWE AG ST O.N. (DE:RWEG) declined 3.00% or 0.560 points to end at 18.130 and Infineon Technologies AG NA O.N. (DE:IFXGn) was down 2.74% or 0.540 points to 19.200.

The top performers on the MDAX were Metro Wholesale & Food Specialist AG (DE:B4B) which rose 1.07% to 13.6750, Deutsche Wohnen AG (DE:DWNG) which was up 1.03% to settle at 40.090 and Grand City Properties SA (DE:GYC) which gained 0.75% to close at 21.42.

The worst performers were Delivery Hero AG (DE:DHER) which was down 5.84% to 37.40 in late trade, Jungheinrich AG O.N.VZO (DE:JUNG_p) which lost 4.75% to settle at 29.700 and CTS Eventim AG (DE:EVDG) which was down 4.22% to 35.820 at the close.

The top performers on the TecDAX were RIB Software AG Na (DE:RIB) which fell 0.86% to 16.150, Qiagen NV (DE:QIA) which was down 1.30% to settle at 31.160 and Freenet AG NA (DE:FNTGn) which lost 1.38% to close at 19.725.

The worst performers were Wirecard AG (DE:WDIG) which was down 11.89% to 166.525 in late trade, SLM Solutions Group AG (DE:AM3D) which lost 8.87% to settle at 17.06 and Medigene NA O.N. (DE:MDG1k) which was down 8.22% to 10.830 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 544 to 176 and 59 ended unchanged.

Shares in RIB Software AG Na (DE:RIB) fell to 52-week lows; down 0.86% or 0.140 to 16.150. Shares in SLM Solutions Group AG (DE:AM3D) fell to 52-week lows; down 8.87% or 1.66 to 17.06. Shares in Freenet AG NA (DE:FNTGn) fell to 3-years lows; falling 1.38% or 0.275 to 19.725.

The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 16.85.

Gold Futures for December delivery was down 1.29% or 15.50 to $1190.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.67% or 0.50 to hit $73.84 a barrel, while the December Brent oil contract fell 0.95% or 0.80 to trade at $83.36 a barrel.

EUR/USD was down 0.43% to 1.1474, while EUR/GBP rose 0.08% to 0.8786.

The US Dollar Index Futures was up 0.24% at 95.54.

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