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Germany stocks lower at close of trade; DAX down 1.54%

Published 12/10/2018, 12:15 PM
Updated 12/10/2018, 12:21 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.54%
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Investing.com – Germany stocks were lower after the close on Monday, as losses in the Construction, Media and Chemicals sectors led shares lower.

At the close in Frankfurt, the DAX declined 1.54% to hit a new 52-week low, while the MDAX index declined 2.06%, and the TecDAX index fell 1.41%.

The best performers of the session on the DAX were Fresenius SE & Co KGAA O.N. (DE:FREG), which rose 2.28% or 0.890 points to trade at 39.880 at the close. Meanwhile, Vonovia SE (DE:VNAn) added 1.19% or 0.50 points to end at 42.58 and Linde PLC (DE:LINI) was up 0.07% or 0.100 points to 136.300 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 5.62% or 0.433 points to trade at 7.272 at the close. Bayer AG NA (DE:BAYGN) declined 4.15% or 2.63 points to end at 60.80 and Covestro AG (DE:1COV) was down 4.14% or 1.870 points to 43.350.

The top performers on the MDAX were Morphosys AG O.N. (DE:MORG) which rose 0.46% to 98.7000, Sartorius AG VZO O.N. (DE:SATG_p) which was up 0.46% to settle at 109.700 and Innogy SE (DE:IGY) which gained 0.30% to close at 40.250.

The worst performers were Deutsche Pfandbriefbank AG (DE:PBBG) which was down 9.37% to 9.19 in late trade, Norma Group AG NA O.N. (DE:NOEJ) which lost 5.57% to settle at 46.140 and Prosiebensat 1 Media AG (DE:PSMGn) which was down 5.23% to 15.9450 at the close.

The top performers on the TecDAX were Carl Zeiss Meditec AG (DE:AFXG) which rose 1.72% to 67.850, ADO Properties SARL (DE:ADJ) which was up 1.02% to settle at 47.68 and TLG Immobilien AG (DE:TLGG) which gained 0.57% to close at 24.76.

The worst performers were RIB Software AG Na (DE:RIB) which was down 27.05% to 9.440 in late trade, Aumann AG (DE:AAGG) which lost 15.01% to settle at 30.3000 and Steinhoff International Holdings NV (DE:SNHG) which was down 10.18% to 0.09 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 604 to 115 and 60 ended unchanged.

Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) fell to 5-year lows; losing 5.62% or 0.433 to 7.272. Shares in Bayer AG NA (DE:BAYGN) fell to 5-year lows; losing 4.15% or 2.63 to 60.80. Shares in Covestro AG (DE:1COV) fell to 52-week lows; down 4.14% or 1.870 to 43.350. Shares in Deutsche Pfandbriefbank AG (DE:PBBG) fell to 52-week lows; falling 9.37% or 0.95 to 9.19. Shares in Prosiebensat 1 Media AG (DE:PSMGn) fell to 5-year lows; down 5.23% or 0.8800 to 15.9450. Shares in RIB Software AG Na (DE:RIB) fell to 52-week lows; down 27.05% or 3.500 to 9.440. Shares in Aumann AG (DE:AAGG) fell to all time lows; down 15.01% or 5.3500 to 30.3000. Shares in TLG Immobilien AG (DE:TLGG) rose to all time highs; gaining 0.57% or 0.14 to 24.76.

The DAX volatility index, which measures the implied volatility of DAX options, was up 7.64% to 24.09.

Gold Futures for February delivery was down 0.19% or 2.35 to $1250.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.01% or 1.06 to hit $51.55 a barrel, while the February Brent oil contract fell 1.38% or 0.85 to trade at $60.82 a barrel.

EUR/USD was down 0.09% to 1.1369, while EUR/GBP rose 1.15% to 0.9046.

The US Dollar Index Futures was up 0.59% at 97.042.

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