Germany stocks lower at close of trade; DAX down 0.91%

Germany stocks lower at close of trade; DAX down 0.91%

Feb 20, 2020

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

At the close in Frankfurt, the DAX lost 0.91%, while the MDAX index declined 0.61%, and the TecDAX index declined 0.96%.

The best performers of the session on the DAX were Fresenius Medical Care KGAA ST (DE:FMEG), which rose 3.72% or 2.780 points to trade at 77.580 at the close. Meanwhile, Daimler AG NA O.N. (DE:DAIGn) added 2.28% or 0.975 points to end at 43.745 and Fresenius SE&Co KGAA O.N. (DE:FREG) was up 2.26% or 1.100 points to 49.740 in late trade.

The worst performers of the session were MTU Aero Engines NA O.N. (DE:MTXGn), which fell 2.87% or 7.80 points to trade at 264.10 at the close. Adidas AG (DE:ADSGN) declined 2.63% or 7.70 points to end at 285.00 and Deutsche Lufthansa AG (DE:LHAG) was down 2.50% or 0.385 points to 15.015.

The top performers on the MDAX were United Internet AG NA (DE:UTDI) which rose 2.10% to 32.050, Duerr AG (DE:DUEG) which was up 2.07% to settle at 29.100 and Prosiebensat 1 Media AG (DE:PSMGn) which gained 1.54% to close at 12.2250.

The worst performers were Nemetschek AG O.N. (DE:NEKG) which was down 3.09% to 65.850 in late trade, CompuGroup Medical AG O.N. (DE:COPMa) which lost 3.02% to settle at 64.300 and TeamViewer AG (DE:TMV) which was down 2.95% to 30.60 at the close.

The top performers on the TecDAX were United Internet AG NA (DE:UTDI) which rose 2.10% to 32.050, Pfeiffer Vacuum Technology O.N. (DE:PV) which was up 1.86% to settle at 153.00 and Drillisch AG (DE:DRIG) which gained 1.74% to close at 23.420.

The worst performers were Aixtron SE (DE:AIXGn) which was down 3.27% to 10.785 in late trade, Nemetschek AG O.N. (DE:NEKG) which lost 3.09% to settle at 65.850 and CompuGroup Medical AG O.N. (DE:COPMa) which was down 3.02% to 64.300 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 450 to 231 and 64 ended unchanged.

Shares in Fresenius Medical Care KGAA ST (DE:FMEG) rose to 52-week highs; up 3.72% or 2.780 to 77.580.

The DAX volatility index, which measures the implied volatility of DAX options, was up 7.31% to 15.71.

Gold Futures for April delivery was up 0.52% or 8.45 to $1620.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.95% or 0.51 to hit $54.00 a barrel, while the April Brent oil contract rose 0.61% or 0.36 to trade at $59.48 a barrel.

EUR/USD was down 0.10% to 1.0793, while EUR/GBP rose 0.24% to 0.8380.

The US Dollar Index Futures was up 0.16% at 99.752.

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