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Germany stocks lower at close of trade; DAX down 1.70%

Published 03/22/2018, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.70%
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Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Retail, Technology and Chemicals sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.70%, while the MDAX index declined 1.56%, and the TecDAX index lost 3.16%.

The best performers of the session on the DAX were Deutsche Boerse AG (DE:DB1Gn), which rose 0.54% or 0.600 points to trade at 111.700 at the close. Meanwhile, Beiersdorf AG O.N. (DE:BEIG) added 0.39% or 0.340 points to end at 87.260 and Vonovia SE (DE:VNAn) was up 0.36% or 0.14 points to 39.55 in late trade.

The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 6.14% or 0.732 points to trade at 11.190 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 2.98% or 0.358 points to end at 11.650 and Infineon Technologies AG NA O.N. (DE:IFXGn) was down 2.77% or 0.640 points to 22.490.

The top performers on the MDAX were LEG Immobilien AG (DE:LEGn) which rose 0.50% to 88.920, Deutsche Wohnen AG (DE:DWNG) which was up 0.42% to settle at 36.060 and Uniper SE (DE:UN01) which unchanged 0.00% to close at 24.000.

The worst performers were CTS Eventim AG (DE:EVDG) which was down 9.57% to 36.480 in late trade, Zalando SE (DE:ZALG) which lost 4.45% to settle at 44.86 and Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which was down 3.93% to 45.440 at the close.

The top performers on the TecDAX were Jenoptik AG (DE:JENG) which rose 1.59% to 28.140, Carl Zeiss Meditec AG (DE:AFXG) which was up 0.08% to settle at 49.600 and Morphosys AG O.N. (DE:MORG) which lost 0.64% to close at 84.950.

The worst performers were Medigene NA O.N. (DE:MDG1k) which was down 10.05% to 14.680 in late trade, United Internet AG NA (DE:UTDI) which lost 9.46% to settle at 51.500 and Adva Optical Networking SE (DE:ADAG) which was down 6.90% to 5.400 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 620 to 114 and 63 ended unchanged.

Shares in Deutsche Boerse AG (DE:DB1Gn) rose to 5-year highs; up 0.54% or 0.600 to 111.700. Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) fell to 52-week lows; losing 2.98% or 0.358 to 11.650.

The DAX volatility index, which measures the implied volatility of DAX options, was up 20.98% to 20.34.

Gold Futures for April delivery was up 0.26% or 3.50 to $1325.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.98% or 0.64 to hit $64.53 a barrel, while the May Brent oil contract fell 0.49% or 0.34 to trade at $69.13 a barrel.

EUR/USD was down 0.34% to 1.2296, while EUR/GBP fell 0.06% to 0.8720.

The US Dollar Index Futures was up 0.27% at 89.52.

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