Germany stocks lower at close of trade; DAX down 1.55%

Germany stocks lower at close of trade; DAX down 1.55%

Jan 03, 2019

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

At the close in Frankfurt, the DAX lost 1.55%, while the MDAX index fell 1.39%, and the TecDAX index fell 2.92%.

The best performers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which rose 1.17% or 0.225 points to trade at 19.525 at the close. Meanwhile, E.ON SE NA (DE:EONGn) added 1.10% or 0.098 points to end at 8.998 and Deutsche Telekom AG Na (DE:DTEGn) was up 0.74% or 0.110 points to 14.930 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 5.85% or 7.900 points to trade at 127.050 at the close. Infineon Technologies AG NA O.N. (DE:IFXGn) declined 4.69% or 0.815 points to end at 16.575 and Fresenius SE&Co KGAA O.N. (DE:FREG) was down 4.59% or 1.980 points to 41.200.

The top performers on the MDAX were Zalando SE (DE:ZALG) which rose 4.40% to 23.97, Grand City Properties SA (DE:GYC) which was up 1.91% to settle at 19.20 and Deutsche Pfandbriefbank AG (DE:PBBG) which gained 1.61% to close at 8.82.

The worst performers were Bechtle AG (DE:BC8G) which was down 8.92% to 62.300 in late trade, Delivery Hero AG (DE:DHER) which lost 7.63% to settle at 29.52 and Wacker Chemie O.N. (DE:WCHG) which was down 5.49% to 75.02 at the close.

The top performers on the TecDAX were Hamburger Hafen Und Logistik A-SP (DE:HHFGn) which rose 3.16% to 17.970, VTG AG O.N. (DE:VT9G) which was up 2.82% to settle at 51.000 and Steinhoff International Holdings NV (DE:SNHG) which unchanged 3.45% to close at 0.10.

The worst performers were Aixtron SE NA O.N. (DE:AIXGn) which was down 10.28% to 7.8560 in late trade, Dialog Semiconductor (DE:DLGS) which lost 9.70% to settle at 19.4950 and SAF Holland SA (DE:SFQN) which was down 9.48% to 10.030 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 442 to 260 and 69 ended unchanged.

Shares in Bechtle AG (DE:BC8G) fell to 52-week lows; losing 8.92% or 6.100 to 62.300. Shares in SAF Holland SA (DE:SFQN) fell to 52-week lows; losing 9.48% or 1.050 to 10.030.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.28% to 23.78.

Gold Futures for February delivery was up 0.61% or 7.85 to $1291.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.45% or 0.21 to hit $46.75 a barrel, while the March Brent oil contract rose 0.84% or 0.46 to trade at $55.37 a barrel.

EUR/USD was up 0.47% to 1.1396, while EUR/GBP rose 0.36% to 0.9025.

The US Dollar Index Futures was down 0.54% at 95.898.

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