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Germany stocks lower at close of trade; DAX down 1.57%

Published 05/29/2019, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.57%
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Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Pharmaceuticals & Healthcare, Software and Retail sectors led shares lower.

At the close in Frankfurt, the DAX declined 1.57% to hit a new 1-month low, while the MDAX index fell 1.72%, and the TecDAX index fell 3.17%.

The best performers of the session on the DAX were Henkel & Co KGaA AG Pref (DE:HNKG_p), which fell 0.12% or 0.10 points to trade at 82.56 at the close. Meanwhile, Deutsche Post AG NA O.N. (DE:DPWGn) fell 0.32% or 0.085 points to end at 26.530 and Deutsche Boerse AG (DE:DB1Gn) was down 0.40% or 0.500 points to 123.600 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 4.77% or 7.675 points to trade at 153.225 at the close. Thyssenkrupp AG O.N. (DE:TKAG) declined 3.31% or 0.400 points to end at 11.700 and Fresenius SE & Co KGAA O.N. (DE:FREG) was down 2.95% or 1.410 points to 46.340.

The top performers on the MDAX were Rocket Internet (DE:RKET) which rose 4.85% to 23.36, Aroundtown Property Holdings PLC (DE:AT1) which was up 4.66% to settle at 7.722 and Knorr-Bremse AG (DE:KBX) which gained 2.53% to close at 99.35.

The worst performers were Bechtle AG (DE:BC8G) which was down 8.86% to 100.800 in late trade, Siltronic AG (DE:WAFGn) which lost 7.35% to settle at 62.780 and Evonik Industries AG (DE:EVKn) which was down 6.82% to 23.350 at the close.

The top performers on the TecDAX were SLM Solutions Group AG (DE:AM3D) which rose 4.71% to 8.90, SMA Solar Technology AG (DE:S92G) which was up 4.13% to settle at 24.700 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 1.29% to close at 2.515.

The worst performers were Bechtle AG (DE:BC8G) which was down 8.86% to 100.800 in late trade, Siltronic AG (DE:WAFGn) which lost 7.35% to settle at 62.780 and Morphosys AG O.N. (DE:MORG) which was down 5.62% to 89.375 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 561 to 135 and 77 ended unchanged.

Shares in Siltronic AG (DE:WAFGn) fell to 52-week lows; down 7.35% or 4.980 to 62.780. Shares in Siltronic AG (DE:WAFGn) fell to 52-week lows; falling 7.35% or 4.980 to 62.780.

The DAX volatility index, which measures the implied volatility of DAX options, was up 8.17% to 18.14.

Gold Futures for June delivery was up 0.28% or 3.55 to $1280.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 1.27% or 0.75 to hit $58.39 a barrel, while the August Brent oil contract fell 1.66% or 1.14 to trade at $67.53 a barrel.

EUR/USD was down 0.27% to 1.1130, while EUR/GBP rose 0.02% to 0.8821.

The US Dollar Index Futures was up 0.22% at 98.062.

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