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Germany stocks lower at close of trade; DAX down 1.92%

Published 09/24/2015, 12:15 PM
Updated 09/24/2015, 12:16 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.92%
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Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Construction, Pharmaceuticals & Healthcare and Utilities sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.92% to hit a new 6-months low, while the MDAX index fell 1.92%, and the TecDAX index fell 1.46%.

The best performers of the session on the DAX were Volkswagen AG VZO O.N. (XETRA:VOWG_p), which rose 0.58% or 0.650 points to trade at 112.150 at the close. Meanwhile, K & S AG NA O.N. (XETRA:SDFGn) fell 0.56% or 0.170 points to end at 30.050 and Muench. Rueckvers. VNA O.N. (XETRA:MUVGn) was down 0.64% or 1.050 points to 164.100 in late trade.

The worst performers of the session were Bay.Motoren Werke AG ST (XETRA:BMWG), which fell 5.15% or 4.110 points to trade at 75.680 at the close. Lanxess AG (XETRA:LXSG) declined 5.12% or 2.270 points to end at 42.040 and Daimler AG NA O.N. (XETRA:DAIGn) was down 4.43% or 2.940 points to 63.480.

The top performers on the MDAX were Suedzucker Mannheim Ochsenfurt AG (XETRA:SZUG) which rose 2.28% to 16.140, Aurubis AG (XETRA:NAFG) which was up 0.70% to settle at 55.790 and Gagfah SA Nom. (XETRA:GFJG) which gained 0.29% to close at 15.600.

The worst performers were Kloeckner & Co SE NA (XETRA:KCOGn) which was down 7.99% to 7.165 in late trade, Duerr AG O.N. (XETRA:DUEG) which lost 6.04% to settle at 59.070 and Leoni AG NA O.N. (XETRA:LEOGn) which was down 5.60% to 47.390 at the close.

The top performers on the TecDAX were Drillisch AG O.N. (XETRA:DRIG) which rose 4.27% to 45.185, Nemetschek AG O.N. (XETRA:NEKG) which was up 2.72% to settle at 30.575 and PSI AG F.Pr.U.Sys. NA (XETRA:PSAGn) which gained 2.41% to close at 11.900.

The worst performers were Aixtron SE NA O.N. (XETRA:AIXGn) which was down 7.37% to 5.331 in late trade, Telefonica Deutschland Holding AG (XETRA:O2Dn) which lost 5.64% to settle at 5.335 and Adva Optical Networking SE (XETRA:ADAG) which was down 5.54% to 9.216 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 554 to 134 and 39 ended unchanged.

Shares in Bay.Motoren Werke AG ST (XETRA:BMWG) fell to 52-week lows; losing 5.15% or 4.110 to 75.680. Shares in Kloeckner & Co SE NA (XETRA:KCOGn) fell to 52-week lows; down 7.99% or 0.622 to 7.165. Shares in Drillisch AG O.N. (XETRA:DRIG) rose to all time highs; up 4.27% or 1.850 to 45.185.

The DAX volatility index, which measures the implied volatility of DAX options, was up 7.65% to 28.29.

Gold for December delivery was up 1.86% or 21.00 to $1152.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.65% or 0.29 to hit $44.77 a barrel, while the November Brent oil contract rose 0.85% or 0.41 to trade at $48.16 a barrel.

EUR/USD was up 0.59% to 1.1251, while EUR/GBP rose 0.57% to 0.7378.

The US Dollar Index was down 0.47% at 95.94.

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