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Germany shares lower at close of trade; DAX down 0.81%

Published 31/03/2016, 17:15
© Reuters.  Germany shares lower at close of trade; DAX down 0.81%
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Investing.com – Germany equities were lower at the close on Thursday, as losses in the Utilities, Basic Resources and Transportation & Logistics sectors propelled shares lower.

At the close in Frankfurt, the DAX declined 0.81%, while the MDAX index fell 0.47%, and the TecDAX index declined 0.07%.

The biggest gainers of the session on the DAX were Lufthansa AG VNA O.N. (DE:LHAG), which rose 1.00% or 0.140 points to trade at 14.205 at the close. Lanxess AG (DE:LXSG) added 0.72% or 0.300 points to end at 42.240 and Fresenius SE & Co KGAA O.N. (DE:FREG) was up 0.41% or 0.260 points to 64.210 in late trade.

Biggest losers included E.ON SE NA (DE:EONGn), which lost 2.69% or 0.233 points to trade at 8.438 in late trade. Deutsche Post AG NA O.N. (DE:DPWGn) declined 2.30% or 0.575 points to end at 24.420 and Linde AG O.N. (DE:LING) shed 2.18% or 2.850 points to 128.050.

The top performers on the MDAX were Tui AG NA (DE:TUIGn) which rose 4.98% to 13.715, Talanx AG NA O.N. (DE:TLXGn) which was up 1.97% to settle at 30.010 and Norma Group AG NA O.N. (DE:NOEJ) which gained 1.24% to close at 49.230.

The worst performers were Gerry Weber Internat.O.N. (DE:GWIG) which was down 6.52% to 12.330 in late trade, Kabel Deutschland Holding AG O.N. (DE:KD8Gn) which lost 3.43% to settle at 98.500 and Aurubis AG (DE:NAFG) which was down 2.61% to 43.730 at the close.

The top performers on the TecDAX were Aixtron SE NA O.N. (DE:AIXGn) which rose 8.91% to 4.253, Kontron AG O.N. (DE:KBCG) which was up 3.08% to settle at 3.175 and Morphosys AG O.N. (DE:MORG) which gained 1.70% to close at 42.405.

The worst performers were Cancom SE O.N. (DE:COKG) which was down 4.24% to 43.855 in late trade, LPKF Laser & Electronics (DE:LPKG) which lost 3.70% to settle at 6.645 and Drillisch AG O.N. (DE:DRIG) which was down 2.63% to 36.045 at the close.

Declining stocks outnumbered rising ones by 495 to 334 and 28 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.36% to 20.82.

In commodities trading, Gold for June delivery was up 0.63% or 7.80 to $1236.40 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.60% or 0.23 to hit $38.55 a barrel, while the June Brent oil contract rose 0.95% or 0.38 to trade at $40.43 a barrel.

EUR/USD was up 0.47% to 1.1391, while EUR/GBP rose 0.41% to 0.7917.

The US Dollar Index was down 0.31% at 94.50.

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