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Germany stocks lower at close of trade; DAX down 1.44%

Published 12/20/2018, 12:15 PM
Updated 12/20/2018, 12:16 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.44%
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Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Technology, Food & Beverages and Retail sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.44% to hit a new 52-week low, while the MDAX index lost 2.08%, and the TecDAX index fell 2.53%.

The best performers of the session on the DAX were Henkel & Co KGaA AG Pref (DE:HNKG_p), which rose 1.12% or 1.08 points to trade at 97.48 at the close. Meanwhile, Merck KGaA (DE:MRCG) added 0.13% or 0.12 points to end at 93.60 and Deutsche Boerse AG (DE:DB1Gn) was up 0.05% or 0.050 points to 104.900 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 7.04% or 0.530 points to trade at 7.000 at the close. Wirecard AG (DE:WDIG) declined 5.22% or 7.100 points to end at 128.850 and Thyssenkrupp AG O.N. (DE:TKAG) was down 3.61% or 0.580 points to 15.500.

The top performers on the MDAX were Metro AG (DE:CECG) which rose 4.43% to 3.091, Brenntag AG (DE:BNRGn) which was up 0.77% to settle at 37.750 and Uniper SE (DE:UN01) which gained 0.51% to close at 21.890.

The worst performers were Zalando SE (DE:ZALG) which was down 7.75% to 22.50 in late trade, Commerzbank AG O.N. (DE:CBKG) which lost 6.55% to settle at 5.781 and CTS Eventim AG (DE:EVDG) which was down 5.27% to 32.720 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE:MDG1k) which rose 4.70% to 7.680, Metro AG ST O.N. (DE:CECG) which was up 4.43% to settle at 3.091 and SLM Solutions Group AG (DE:AM3D) which gained 1.14% to close at 10.64.

The worst performers were Aumann AG (DE:AAGG) which was down 5.17% to 27.5000 in late trade, Patrizia Immobilien AG (DE:PATGn) which lost 5.12% to settle at 16.670 and Nordex SE O.N. (DE:NDXG) which was down 4.81% to 7.840 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 616 to 105 and 51 ended unchanged.

Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) fell to 5-year lows; losing 7.04% or 0.530 to 7.000. Shares in Zalando SE (DE:ZALG) fell to 3-years lows; down 7.75% or 1.89 to 22.50. Shares in Commerzbank AG O.N. (DE:CBKG) fell to 52-week lows; falling 6.55% or 0.405 to 5.781. Shares in Aumann AG (DE:AAGG) fell to all time lows; falling 5.17% or 1.5000 to 27.5000.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.50% to 21.38.

Gold Futures for February delivery was up 0.61% or 7.65 to $1264.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 4.21% or 2.03 to hit $46.14 a barrel, while the February Brent oil contract fell 3.90% or 2.23 to trade at $55.01 a barrel.

EUR/USD was up 0.66% to 1.1451, while EUR/GBP rose 0.24% to 0.9043.

The US Dollar Index Futures was down 0.58% at 95.920.

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