Germany stocks lower at close of trade; DAX down 1.54%

Germany stocks lower at close of trade; DAX down 1.54%

Dec 10, 2018

Germany stocks were lower after the close on Monday, as losses in the Construction, Media and Chemicals sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.54% to hit a new 52-week low, while the MDAX index fell 2.06%, and the TecDAX index fell 1.41%.

The best performers of the session on the DAX were Fresenius SE&Co KGAA O.N. (DE:FREG), which rose 2.28% or 0.890 points to trade at 39.880 at the close. Meanwhile, Vonovia SE (DE:VNAn) added 1.19% or 0.50 points to end at 42.58 and Linde PLC (DE:LINI) was up 0.07% or 0.100 points to 136.300 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 5.62% or 0.433 points to trade at 7.272 at the close. BAYER AG NA (DE:BAYGN) declined 4.15% or 2.63 points to end at 60.80 and Covestro AG (DE:1COV) was down 4.14% or 1.870 points to 43.350.

The top performers on the MDAX were Morphosys AG O.N. (DE:MORG) which rose 0.46% to 98.7000, Sartorius AG VZO O.N. (DE:SATG_p) which was up 0.46% to settle at 109.700 and Innogy SE (DE:IGY) which gained 0.30% to close at 40.250.

The worst performers were Deutsche Pfandbriefbank AG (DE:PBBG) which was down 9.37% to 9.19 in late trade, Norma Group AG NA O.N. (DE:NOEJ) which lost 5.57% to settle at 46.140 and Prosiebensat 1 Media AG (DE:PSMGn) which was down 5.23% to 15.9450 at the close.

The top performers on the TecDAX were Carl Zeiss Meditec AG (DE:AFXG) which rose 1.72% to 67.850, ADO Properties SARL (DE:ADJ) which was up 1.02% to settle at 47.68 and TLG Immobilien AG (DE:TLGG) which gained 0.57% to close at 24.76.

The worst performers were RIB Software AG Na (DE:RIB) which was down 27.05% to 9.440 in late trade, Aumann AG (DE:AAGG) which lost 15.01% to settle at 30.3000 and Steinhoff International Holdings NV (DE:SNHG) which was down 10.18% to 0.09 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 604 to 115 and 60 ended unchanged.

Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) fell to 5-year lows; down 5.62% or 0.433 to 7.272. Shares in Bayer AG NA (DE:BAYGN) fell to 5-year lows; down 4.15% or 2.63 to 60.80. Shares in Covestro AG (DE:1COV) fell to 52-week lows; down 4.14% or 1.870 to 43.350. Shares in Deutsche Pfandbriefbank AG (DE:PBBG) fell to 52-week lows; falling 9.37% or 0.95 to 9.19. Shares in Prosiebensat 1 Media AG (DE:PSMGn) fell to 5-year lows; down 5.23% or 0.8800 to 15.9450. Shares in RIB Software AG Na (DE:RIB) fell to 52-week lows; losing 27.05% or 3.500 to 9.440. Shares in Aumann AG (DE:AAGG) fell to all time lows; falling 15.01% or 5.3500 to 30.3000. Shares in TLG Immobilien AG (DE:TLGG) rose to all time highs; up 0.57% or 0.14 to 24.76.

The DAX volatility index, which measures the implied volatility of DAX options, was up 7.64% to 24.09.

Gold Futures for February delivery was down 0.18% or 2.30 to $1250.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.01% or 1.06 to hit $51.55 a barrel, while the February Brent oil contract fell 1.35% or 0.83 to trade at $60.84 a barrel.

EUR/USD was down 0.10% to 1.1368, while EUR/GBP rose 1.15% to 0.9046.

The US Dollar Index Futures was up 0.60% at 97.058.

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