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Germany stocks mixed at close of trade; DAX down 0.70%

Published 09/18/2020, 01:15 PM
© Reuters.  Germany stocks mixed at close of trade; DAX down 0.70%
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Investing.com – Germany stocks were mixed after the close on Friday, as gains in the Retail, Pharmaceuticals & Healthcare and Software sectors led shares higher while losses in the Telecoms, Industrials and Transportation & Logistics sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.70%, while the MDAX index lost 0.40%, and the TecDAX index added 0.55%.

The best performers of the session on the DAX were Covestro AG (DE:1COV), which rose 5.00% or 2.230 points to trade at 46.830 at the close. Meanwhile, Merck KGaA (DE:MRCG) added 2.33% or 2.90 points to end at 127.25 and Bayer AG NA (DE:BAYGN) was up 0.74% or 0.42 points to 57.24 in late trade.

The worst performers of the session were Volkswagen AG VZO O.N. (DE:VOWG_p), which fell 3.73% or 5.51 points to trade at 142.13 at the close. Continental AG O.N. (DE:CONG) declined 3.60% or 3.37 points to end at 90.28 and Heidelbergcement AG O.N. (DE:HEIG) was down 2.91% or 1.620 points to 54.070.

The top performers on the MDAX were Bechtle AG (DE:BC8G) which rose 5.03% to 173.400, TeamViewer AG (DE:TMV) which was up 3.40% to settle at 42.53 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 3.18% to close at 344.200.

The worst performers were Aroundtown Property Holdings PLC (DE:AT1) which was down 7.44% to 4.339 in late trade, Grenke N AG (DE:GLJn) which lost 6.62% to settle at 33.30 and Deutsche Lufthansa AG (DE:LHAG) which was down 4.99% to 8.602 at the close.

The top performers on the TecDAX were Bechtle AG (DE:BC8G) which rose 5.03% to 173.400, TeamViewer AG (DE:TMV) which was up 3.40% to settle at 42.53 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 3.18% to close at 344.200.

The worst performers were New Work SE (DE:NWOn) which was down 2.05% to 239.00 in late trade, LPKF Laser & Electronics (DE:LPKG) which lost 2.00% to settle at 22.100 and United Internet AG NA (DE:UTDI) which was down 1.84% to 39.990 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 429 to 240 and 76 ended unchanged.

Shares in Merck KGaA (DE:MRCG) rose to all time highs; up 2.33% or 2.90 to 127.25. Shares in Bechtle AG (DE:BC8G) rose to all time highs; up 5.03% or 8.300 to 173.400. Shares in Bechtle AG (DE:BC8G) rose to all time highs; rising 5.03% or 8.300 to 173.400.

The DAX volatility index, which measures the implied volatility of DAX options, was up 0.20% to 24.59.

Gold Futures for December delivery was up 0.85% or 16.65 to $1966.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.10% or 0.04 to hit $41.01 a barrel, while the November Brent oil contract fell 0.51% or 0.22 to trade at $43.08 a barrel.

EUR/USD was up 0.15% to 1.1865, while EUR/GBP rose 0.47% to 0.9173.

The US Dollar Index Futures was down 0.14% at 92.838.

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