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

Published 10/12/2018, 17:15
Updated 10/12/2018, 17:17
© Reuters.  Germany shares lower at close of trade; DAX down 1.54%

Investing.com – Germany equities were lower at the close on Monday, as losses in the Construction, Media and Chemicals sectors propelled shares lower.

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

The biggest gainers 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. 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.

Biggest losers included Deutsche Bank AG NA O.N. (DE:DBKGn), which lost 5.62% or 0.433 points to trade at 7.272 in late trade. Bayer AG NA (DE:BAYGN) declined 4.15% or 2.63 points to end at 60.80 and Covestro AG (DE:1COV) shed 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.

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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.

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

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

In commodities trading, Gold Futures for February delivery was down 0.18% or 2.20 to $1250.40 a troy ounce. Meanwhile, Crude oil for delivery in January fell 2.00% or 1.05 to hit $51.56 a barrel, while the February Brent oil contract fell 1.31% or 0.81 to trade at $60.86 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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