Germany stocks mixed at close of trade; DAX up 0.51%

Germany stocks mixed at close of trade; DAX up 0.51%

Sep 18, 2018

Germany stocks were mixed after the close on Tuesday, as gains in the Technology, Basic Resources and Telecoms sectors led shares higher while losses in the Retail, Food&Beverages and Media sectors led shares lower.

At the close in Frankfurt, the DAX gained 0.51%, while the MDAX index lost 0.12%, and the TecDAX index added 0.12%.

The best performers of the session on the DAX were Volkswagen AG VZO O.N. (DE:VOWG_p), which rose 2.60% or 3.76 points to trade at 148.24 at the close. Meanwhile, Thyssenkrupp AG O.N. (DE:TKAG) added 2.26% or 0.435 points to end at 19.680 and Infineon Technologies AG NA O.N. (DE:IFXGn) was up 1.41% or 0.275 points to 19.840 in late trade.

The worst performers of the session were Continental AG O.N. (DE:CONG), which fell 0.73% or 1.10 points to trade at 150.00 at the close. Fresenius Medical Care KGAA ST (DE:FMEG) declined 0.72% or 0.640 points to end at 88.100 and Beiersdorf AG O.N. (DE:BEIG) was down 0.61% or 0.600 points to 97.440.

The top performers on the MDAX were Osram Licht AG (DE:OSRn) which rose 5.87% to 38.25, Deutsche Pfandbriefbank AG (DE:PBBG) which was up 3.69% to settle at 12.92 and Norma Group AG NA O.N. (DE:NOEJ) which gained 2.92% to close at 58.150.

The worst performers were Zalando SE (DE:ZALG) which was down 13.20% to 36.37 in late trade, Schaeffler AG Pref (DE:SHA_p) which lost 2.98% to settle at 10.74 and Stroeer SE (DE:SAXG) which was down 1.89% to 49.740 at the close.

The top performers on the TecDAX were Nemetschek AG O.N. (DE:NEKG) which rose 3.37% to 153.400, Nordex SE O.N. (DE:NDXG) which was up 3.06% to settle at 9.310 and Siltronic AG (DE:WAFGn) which gained 2.33% to close at 107.500.

The worst performers were Evotec AG O.N. (DE:EVTG) which was down 7.01% to 20.420 in late trade, Morphosys AG O.N. (DE:MORG) which lost 2.53% to settle at 94.250 and Jenoptik AG (DE:JENGn) which was down 1.72% to 31.980 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 417 to 267 and 95 ended unchanged.

Shares in Zalando SE (DE:ZALG) fell to 52-week lows; losing 13.20% or 5.53 to 36.37. Shares in Nemetschek AG O.N. (DE:NEKG) rose to all time highs; up 3.37% or 5.000 to 153.400.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.93% to 14.95.

Gold Futures for December delivery was down 0.16% or 1.90 to $1203.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.08% or 0.74 to hit $69.42 a barrel, while the November Brent oil contract rose 1.01% or 0.79 to trade at $78.84 a barrel.

EUR/USD was up 0.04% to 1.1688, while EUR/GBP unchanged 0.00% to 0.8880.

The US Dollar Index Futures was down 0.01% at 94.08.

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