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Germany stocks lower at close of trade; DAX down 2.16%

Published 03/03/2022, 01:15 PM
© Reuters Germany stocks lower at close of trade; DAX down 2.16%
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Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Utilities, Retail and Consumer & Cyclical sectors led shares lower.

At the close in Frankfurt, the DAX fell 2.16% to hit a new 52-week low, while the MDAX index lost 2.47%, and the TecDAX index lost 1.84%.

The best performers of the session on the DAX were Merck KGaA (DE:MRCG), which rose 1.26% or 2.20 points to trade at 176.45 at the close. Meanwhile, Linde PLC (DE:LINI) fell 0.15% or 0.40 points to end at 258.65 and Symrise AG Inh. O.N. (DE:SY1G) was down 0.23% or 0.25 points to 107.15 in late trade.

The worst performers of the session were RWE AG ST O.N. (DE:RWEG), which fell 8.77% or 3.30 points to trade at 34.28 at the close. Delivery Hero AG (DE:DHER) declined 7.68% or 3.65 points to end at 43.88 and Mercedes Benz Group AG (DE:MBGn) was down 6.01% or 3.85 points to 60.21.

The top performers on the MDAX were Kion Group AG (DE:KGX) which rose 4.34% to 73.04, Stroeer SE (DE:SAXG) which was up 2.26% to settle at 67.75 and Aurubis AG (DE:NAFG) which gained 1.59% to close at 108.60.

The worst performers were Uniper SE (DE:UN01) which was down 18.34% to 20.33 in late trade, Deutsche Lufthansa AG (DE:LHAG) which lost 8.18% to settle at 6.08 and Software AG (DE:SOWGn) which was down 7.76% to 30.44 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which rose 7.75% to 30.88, Nagarro SE (DE:NA9n) which was up 1.57% to settle at 129.00 and Infineon Technologies AG NA O.N. (DE:IFXGn) which lost 0.25% to close at 29.74.

The worst performers were Software AG (DE:SOWGn) which was down 7.76% to 30.44 in late trade, Morphosys AG O.N. (DE:MORG) which lost 6.79% to settle at 22.53 and Nordex SE O.N. (DE:NDXG) which was down 5.67% to 15.13 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 526 to 172 and 67 ended unchanged.

Shares in Uniper SE (DE:UN01) fell to 3-years lows; losing 18.34% or 4.57 to 20.33. Shares in Aurubis AG (DE:NAFG) rose to all time highs; gaining 1.59% or 1.70 to 108.60. Shares in Morphosys AG O.N. (DE:MORG) fell to 5-year lows; down 6.79% or 1.64 to 22.53.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.11% to 38.18.

Gold Futures for April delivery was up 0.70% or 13.40 to $1,935.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.33% or 0.37 to hit $110.23 a barrel, while the May Brent oil contract fell 0.59% or 0.67 to trade at $112.26 a barrel.

EUR/USD was down 0.55% to 1.11, while EUR/GBP unchanged 0.04% to 0.83.

The US Dollar Index Futures was up 0.37% at 97.78.

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