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Germany stocks lower at close of trade; DAX down 1.47%

Published 05/31/2019, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.47%
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Investing.com – Germany stocks were lower after the close on Friday, as losses in the Software, Pharmaceuticals & Healthcare and Basic Resources sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.47% to hit a new 1-month low, while the MDAX index declined 0.58%, and the TecDAX index declined 2.13%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 1.45% or 0.67 points to trade at 46.96 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 0.09% or 0.020 points to end at 22.360 and E.ON SE NA (DE:EONGn) was down 0.32% or 0.030 points to 9.349 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 7.45% or 11.425 points to trade at 141.975 at the close. Thyssenkrupp AG O.N. (DE:TKAG) declined 3.70% or 0.435 points to end at 11.335 and Covestro AG (DE:1COV) was down 2.90% or 1.170 points to 39.230.

The top performers on the MDAX were Deutsche Wohnen AG (DE:DWNG) which rose 1.68% to 42.250, Rocket Internet (DE:RKET) which was up 1.18% to settle at 23.92 and Tag Immobilien AG (DE:TEGG) which gained 1.16% to close at 21.000.

The worst performers were Norma Group AG NA O.N. (DE:NOEJ) which was down 4.34% to 34.860 in late trade, Dialog Semiconductor (DE:DLGS) which lost 3.78% to settle at 28.500 and Siltronic AG (DE:WAFGn) which was down 3.41% to 61.220 at the close.

The top performers on the TecDAX were SLM Solutions Group AG (DE:AM3D) which rose 4.12% to 10.10, RIB Software AG Na (DE:RIB) which was up 1.47% to settle at 16.530 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 1.05% to close at 2.511.

The worst performers were Wirecard AG (DE:WDIG) which was down 7.45% to 141.975 in late trade, Dialog Semiconductor (DE:DLGS) which lost 3.78% to settle at 28.5000 and Draegerwerk VZO O.N. (DE:DRWG_p) which was down 3.47% to 48.360 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 526 to 168 and 79 ended unchanged.

Shares in Covestro AG (DE:1COV) fell to 52-week lows; losing 2.90% or 1.170 to 39.230. Shares in Siltronic AG (DE:WAFGn) fell to 52-week lows; falling 3.41% or 2.160 to 61.220.

The DAX volatility index, which measures the implied volatility of DAX options, was up 5.20% to 18.00.

Gold Futures for June delivery was up 1.26% or 16.20 to $1303.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 3.29% or 1.86 to hit $54.73 a barrel, while the August Brent oil contract fell 3.35% or 2.19 to trade at $63.14 a barrel.

EUR/USD was up 0.27% to 1.1159, while EUR/GBP rose 0.13% to 0.8838.

The US Dollar Index Futures was down 0.29% at 97.768.

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