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Germany stocks lower at close of trade; DAX down 1.77%

Published 03/23/2018, 01:15 PM
Updated 03/23/2018, 01:16 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.77%
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Investing.com – Germany stocks were lower after the close on Friday, as losses in the Insurance, Pharmaceuticals & Healthcare and Transportation & Logistics sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.77% to hit a new 52-week low, while the MDAX index fell 0.71%, and the TecDAX index fell 1.02%.

The best performers of the session on the DAX were Prosiebensat 1 Media AG (DE:PSMGn), which rose 0.63% or 0.170 points to trade at 27.350 at the close. Meanwhile, E.ON SE NA (DE:EONGn) added 0.51% or 0.045 points to end at 8.864 and Deutsche Telekom AG Na (DE:DTEGn) was up 0.31% or 0.040 points to 12.950 in late trade.

The worst performers of the session were Continental AG O.N. (DE:CONG), which fell 3.18% or 7.10 points to trade at 216.00 at the close. Thyssenkrupp AG O.N. (DE:TKAG) declined 3.02% or 0.660 points to end at 21.160 and Bayer AG NA (DE:BAYGN) was down 2.88% or 2.68 points to 90.35.

The top performers on the MDAX were CTS Eventim AG (DE:EVDG) which rose 4.61% to 38.160, Uniper SE (DE:UN01) which was up 1.58% to settle at 24.380 and Deutsche Pfandbriefbank AG (DE:PBBG) which gained 1.20% to close at 12.64.

The worst performers were Leoni AG (DE:LEOGn) which was down 3.99% to 51.980 in late trade, Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which lost 2.64% to settle at 44.240 and Lanxess AG (DE:LXSG) which was down 2.60% to 61.360 at the close.

The top performers on the TecDAX were SLM Solutions Group AG (DE:AM3D) which rose 3.75% to 33.20, United Internet AG NA (DE:UTDI) which was up 2.76% to settle at 52.920 and CompuGroup Medical AG O.N. (DE:COPMa) which gained 2.30% to close at 43.600.

The worst performers were RIB Software AG Na (DE:RIB) which was down 23.21% to 23.820 in late trade, Siltronic AG (DE:WAFGn) which lost 5.32% to settle at 149.400 and Medigene NA O.N. (DE:MDG1k) which was down 2.45% to 14.320 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 540 to 183 and 71 ended unchanged.

Shares in Bayer AG NA (DE:BAYGN) fell to 52-week lows; down 2.88% or 2.68 to 90.35.

The DAX volatility index, which measures the implied volatility of DAX options, was up 6.82% to 21.72.

Gold Futures for April delivery was up 1.57% or 20.80 to $1348.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.60% or 1.03 to hit $65.33 a barrel, while the May Brent oil contract rose 1.41% or 0.97 to trade at $69.88 a barrel.

EUR/USD was up 0.46% to 1.2359, while EUR/GBP rose 0.11% to 0.8737.

The US Dollar Index Futures was down 0.42% at 89.09.

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