Germany shares lower at close of trade; DAX down 2.73%

  • Stock Market News
Germany shares lower at close of trade; DAX down 2.73%
Credit: © Reuters. – Germany equities were lower at the close on Friday, as losses in the Technology , Basic Resources and Telecoms sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 2.73%, while the MDAX index lost 1.56%, and the TecDAX index lost 1.47%.

The biggest gainers of the session on the DAX were Linde AG O.N. (DE: LING ), which rose 1.06% or 1.400 points to trade at 133.400 at the close. RWE AG ST O.N. (DE: RWEG ) added 0.31% or 0.040 points to end at 13.045 and BASF SE NA O.N. (DE: BASFN ) was down 0.81% or 0.590 points to 72.150 in late trade.

Biggest losers included Lufthansa AG VNA O.N. (DE: LHAG ), which lost 5.60% or 0.805 points to trade at 13.560 in late trade. Deutsche Bank AG NA O.N. (DE: DBKGn ) declined 5.13% or 0.890 points to end at 16.470 and Volkswagen AG VZO O.N. (DE: VOWG_p ) shed 4.39% or 5.800 points to 126.450.

The top performers on the MDAX were CTS Eventim AG (DE: EVDG ) which rose 0.69% to 30.590, Deutsche Wohnen AG Inh (DE: DWNG ) which was up 0.66% to settle at 26.745 and Covestro AG (DE: 1COV ) which gained 0.38% to close at 34.520.

The worst performers were Fuchs Petrolub AG VZO O.N. (DE: FPEG ) which was down 4.46% to 37.350 in late trade, Stroeer SE (DE: SAXG ) which lost 4.23% to settle at 43.000 and Norma Group AG NA O.N. (DE: NOEJ ) which was down 4.21% to 44.910 at the close.

The top performers on the TecDAX were Suess Microtec NA O.N. (DE: SMHNn ) which rose 3.10% to 9.283, Nordex SE O.N. (DE: NDXG ) which was up 2.90% to settle at 24.450 and RIB Software AG Na (DE: RIB ) which gained 1.93% to close at 9.225.

The worst performers were Dialog Semiconductor (DE: DLGS ) which was down 4.91% to 30.340 in late trade, Sartorius AG VZO O.N. (DE: SATG_p ) which lost 4.12% to settle at 215.450 and Morphosys AG O.N. (DE: MORG ) which was down 3.82% to 43.700 at the close.

Declining stocks outnumbered rising ones by 681 to 226 and 22 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 13.47% to 21.65.

In commodities trading, Gold for June delivery was up 2.07% or 26.25 to $1292.65 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.98% or 0.45 to hit $45.58 a barrel, while the July Brent oil contract fell 1.38% or 0.66 to trade at $47.11 a barrel.

EUR/USD was up 0.77% to 1.1439, while EUR/GBP rose 0.66% to 0.7822.

The US Dollar Index was down 0.62% at 93.15.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or