Germany stocks lower at close of trade; DAX down 0.80%

Germany stocks lower at close of trade; DAX down 0.80%

Jul 14, 2020

Germany stocks were lower after the close on Tuesday, as losses in the Technology, Software and Retail sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.80%, while the MDAX index lost 1.09%, and the TecDAX index declined 2.32%.

The best performers of the session on the DAX were Heidelbergcement AG O.N. (DE:HEIG), which rose 3.05% or 1.530 points to trade at 51.740 at the close. Meanwhile, Muench. Rueckvers. VNA O.N. (DE:MUVGn) added 1.06% or 2.45 points to end at 234.30 and Allianz SE VNA O.N. (DE:ALVG) was up 0.51% or 0.94 points to 186.14 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (DE:IFXGn), which fell 5.03% or 1.165 points to trade at 22.010 at the close. Adidas AG (DE:ADSGN) declined 3.47% or 8.40 points to end at 234.00 and Deutsche Boerse AG (DE:DB1Gn) was down 3.25% or 5.450 points to 162.380.

The top performers on the MDAX were Kion Group AG (DE:KGX) which rose 6.46% to 66.92, K+S AG NA O.N. (DE:SDFGn) which was up 3.25% to settle at 6.236 and Duerr AG (DE:DUEG) which gained 3.13% to close at 23.080.

The worst performers were Nemetschek AG O.N. (DE:NEKG) which was down 6.25% to 59.950 in late trade, Siltronic AG (DE:WAFGn) which lost 4.49% to settle at 89.300 and Morphosys AG O.N. (DE:MORG) which was down 4.43% to 111.575 at the close.

The top performers on the TecDAX were Telefonica Deutschland Holding AG (DE:O2Dn) which rose 1.92% to 2.545, Drillisch AG (DE:DRIG) which was up 1.39% to settle at 24.140 and Freenet AG NA (DE:FNTGn) which gained 1.01% to close at 14.520.

The worst performers were Nemetschek AG O.N. (DE:NEKG) which was down 6.25% to 59.950 in late trade, Infineon Technologies AG NA O.N. (DE:IFXGn) which lost 5.03% to settle at 22.010 and Siltronic AG (DE:WAFGn) which was down 4.49% to 89.300 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 448 to 216 and 74 ended unchanged.

Shares in Kion Group AG (DE:KGX) rose to 52-week highs; rising 6.46% or 4.06 to 66.92.

The DAX volatility index, which measures the implied volatility of DAX options, was up 5.25% to 31.07.

Gold Futures for August delivery was down 0.11% or 2.05 to $1812.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.22% or 0.09 to hit $40.19 a barrel, while the September Brent oil contract rose 0.26% or 0.11 to trade at $42.83 a barrel.

EUR/USD was up 0.55% to 1.1402, while EUR/GBP rose 0.61% to 0.9084.

The US Dollar Index Futures was down 0.24% at 96.177.

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