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Germany stocks lower at close of trade; DAX down 4.01%

Published 02/24/2020, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 4.01%
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Investing.com – Germany stocks were lower after the close on Monday, as losses in the Transportation & Logistics, Consumer & Cyclical and Technology sectors led shares lower.

At the close in Frankfurt, the DAX fell 4.01%, while the MDAX index lost 3.79%, and the TecDAX index lost 3.78%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which fell 0.86% or 0.46 points to trade at 53.20 at the close. Meanwhile, Deutsche Boerse AG (DE:DB1Gn) fell 1.55% or 2.400 points to end at 152.850 and E.ON SE NA (DE:EONGn) was down 1.72% or 0.196 points to 11.170 in late trade.

The worst performers of the session were Deutsche Lufthansa AG (DE:LHAG), which fell 8.47% or 1.255 points to trade at 13.560 at the close. Daimler AG NA O.N. (DE:DAIGn) declined 6.68% or 2.845 points to end at 39.750 and Adidas AG (DE:ADSGN) was down 6.34% or 17.92 points to 264.53.

The top performers on the MDAX were TeamViewer AG (DE:TMV) which fell 0.10% to 30.01, Osram Licht AG (DE:OSRn) which was down 0.21% to settle at 47.66 and Rocket Internet (DE:RKET) which lost 0.57% to close at 21.00.

The worst performers were CTS Eventim AG (DE:EVDG) which was down 9.63% to 53.500 in late trade, Evotec AG O.N. (DE:EVTG) which lost 7.65% to settle at 23.410 and Duerr AG (DE:DUEG) which was down 7.42% to 26.450 at the close.

The top performers on the TecDAX were TeamViewer AG (DE:TMV) which fell 0.10% to 30.01, RIB Software AG Na (DE:RIB) which was down 0.14% to settle at 28.840 and Qiagen NV (DE:QIA) which lost 1.16% to close at 34.000.

The worst performers were Aixtron SE (DE:AIXGn) which was down 8.64% to 9.652 in late trade, Jenoptik AG (DE:JENGn) which lost 7.98% to settle at 23.520 and Evotec AG O.N. (DE:EVTG) which was down 7.65% to 23.410 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 676 to 35 and 37 ended unchanged.

Shares in Daimler AG NA O.N. (DE:DAIGn) fell to 5-year lows; losing 6.68% or 2.845 to 39.750.

The DAX volatility index, which measures the implied volatility of DAX options, was up 35.20% to 23.12 a new 6-months high.

Gold Futures for April delivery was up 1.81% or 29.85 to $1678.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 5.38% or 2.87 to hit $50.51 a barrel, while the May Brent oil contract fell 5.61% or 3.25 to trade at $54.69 a barrel.

EUR/USD was up 0.25% to 1.0871, while EUR/GBP rose 0.51% to 0.8405.

The US Dollar Index Futures was down 0.15% at 99.043.

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