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Germany stocks mixed at close of trade; DAX up 0.40%

Published 08/07/2018, 12:15 PM
© Reuters.  Germany stocks mixed at close of trade; DAX up 0.40%
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Investing.com – Germany stocks were mixed after the close on Tuesday, as gains in the Transportation & Logistics, Construction and Industrials sectors led shares higher while losses in the Retail, Food & Beverages and Financial Services sectors led shares lower.

At the close in Frankfurt, the DAX rose 0.40%, while the MDAX index declined 0.38%, and the TecDAX index fell 0.37%.

The best performers of the session on the DAX were Deutsche Post AG NA O.N. (DE:DPWGn), which rose 3.79% or 1.120 points to trade at 30.670 at the close. Meanwhile, Deutsche Bank AG NA O.N. (DE:DBKGn) added 1.56% or 0.168 points to end at 10.936 and Heidelbergcement AG O.N. (DE:HEIG) was up 1.35% or 0.960 points to 71.960 in late trade.

The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 1.54% or 0.138 points to trade at 8.808 at the close. Fresenius SE & Co KGAA O.N. (DE:FREG) declined 1.06% or 0.740 points to end at 69.260 and Beiersdorf AG O.N. (DE:BEIG) was down 0.74% or 0.740 points to 99.660.

The top performers on the MDAX were Schaeffler AG Pref (DE:SHA_p) which rose 8.27% to 12.30, Duerr AG (DE:DUEG) which was up 4.03% to settle at 38.950 and Norma Group AG NA O.N. (DE:NOEJ) which gained 1.85% to close at 57.850.

The worst performers were Zalando SE (DE:ZALG) which was down 5.56% to 45.34 in late trade, Osram Licht AG (DE:OSRn) which lost 1.91% to settle at 38.95 and Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which was down 1.90% to 48.620 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE:MDG1k) which rose 5.94% to 13.370, Xing AG (DE:OBCGn) which was up 2.22% to settle at 299.00 and Nemetschek AG O.N. (DE:NEKG) which gained 1.46% to close at 125.400.

The worst performers were Telefonica Deutschland Holding AG (DE:O2Dn) which was down 3.87% to 3.655 in late trade, SMA Solar Technology AG (DE:S92G) which lost 2.11% to settle at 34.380 and Cancom SE O.N. (DE:COKG) which was down 1.60% to 44.260 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 374 to 321 and 85 ended unchanged.

Shares in Xing AG (DE:OBCGn) rose to all time highs; gaining 2.22% or 6.50 to 299.00.

The DAX volatility index, which measures the implied volatility of DAX options, was down 5.45% to 15.45.

Gold Futures for December delivery was up 0.20% or 2.40 to $1220.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.48% or 0.33 to hit $69.34 a barrel, while the October Brent oil contract rose 0.95% or 0.70 to trade at $74.45 a barrel.

EUR/USD was up 0.34% to 1.1593, while EUR/GBP rose 0.32% to 0.8954.

The US Dollar Index Futures was down 0.22% at 94.98.

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