Germany stocks lower at close of trade; DAX down 2.19%

Germany stocks lower at close of trade; DAX down 2.19%

Germany stocks lower at close of trade; DAX down 2.19%
Stock Market
Wednesday, August 14, 2019 - 17:15

Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Technology, Basic Resources and Industrials sectors led shares lower.

At the close in Frankfurt, the DAX lost 2.19% to hit a new 3-months low, while the MDAX index declined 2.39%, and the TecDAX index declined 2.73%.

The best performers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which rose 0.63% or 0.160 points to trade at 25.540 at the close. Meanwhile, Beiersdorf AG O.N. (DE:BEIG) added 0.42% or 0.450 points to end at 108.400 and Vonovia SE (DE:VNAn) was up 0.30% or 0.13 points to 44.03 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (DE:IFXGn), which fell 5.58% or 0.911 points to trade at 15.415 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 4.80% or 0.306 points to end at 6.071 and Thyssenkrupp AG O.N. (DE:TKAG) was down 4.16% or 0.417 points to 9.618.

The top performers on the MDAX were Carl Zeiss Meditec AG (DE:AFXG) which rose 2.08% to 100.800, Innogy SE (DE:IGY) which was up 0.51% to settle at 43.370 and Knorr-Bremse AG (DE:KBX) which gained 0.13% to close at 84.66.

The worst performers were Evotec AG O.N. (DE:EVTG) which was down 14.88% to 20.880 in late trade, Leoni AG (DE:LEOGn) which lost 7.57% to settle at 8.766 and Siltronic AG (DE:WAFGn) which was down 5.87% to 57.760 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 12.60% to 11.040, Cancom SE O.N. (DE:COKG) which was up 3.21% to settle at 49.540 and Carl Zeiss Meditec AG (DE:AFXG) which gained 2.08% to close at 100.800.

The worst performers were Evotec AG O.N. (DE:EVTG) which was down 14.88% to 20.880 in late trade, Jenoptik AG (DE:JENGn) which lost 9.82% to settle at 22.500 and Medigene NA O.N. (DE:MDG1k) which was down 7.54% to 5.890 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 538 to 145 and 65 ended unchanged.

Shares in Thyssenkrupp AG O.N. (DE:TKAG) fell to all time lows; losing 4.16% or 0.417 to 9.618. Shares in Carl Zeiss Meditec AG (DE:AFXG) rose to all time highs; gaining 2.08% or 2.050 to 100.800. Shares in Leoni AG (DE:LEOGn) fell to 5-year lows; falling 7.57% or 0.718 to 8.766. Shares in Jenoptik AG (DE:JENGn) fell to 52-week lows; losing 9.82% or 2.450 to 22.500. Shares in Carl Zeiss Meditec AG (DE:AFXG) rose to all time highs; gaining 2.08% or 2.050 to 100.800. Shares in Medigene NA O.N. (DE:MDG1k) fell to 3-years lows; down 7.54% or 0.480 to 5.890.

The DAX volatility index, which measures the implied volatility of DAX options, was up 17.34% to 22.87 a new 6-months high.

Gold Futures for December delivery was up 1.20% or 18.20 to $1532.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 5.22% or 2.98 to hit $54.12 a barrel, while the October Brent oil contract fell 4.76% or 2.92 to trade at $58.38 a barrel.

EUR/USD was down 0.21% to 1.1146, while EUR/GBP fell 0.19% to 0.9242.

The US Dollar Index Futures was up 0.16% at 97.785.

© Reuters.
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