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Germany shares lower at close of trade; DAX down 1.70%

Published 22/03/2018, 17:15
Updated 22/03/2018, 17:15
© Reuters.  Germany shares lower at close of trade; DAX down 1.70%

Investing.com – Germany equities were lower at the close on Thursday, as losses in the Retail, Technology and Chemicals sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 1.70%, while the MDAX index fell 1.56%, and the TecDAX index declined 3.16%.

The biggest gainers of the session on the DAX were Deutsche Boerse AG (DE:DB1Gn), which rose 0.54% or 0.600 points to trade at 111.700 at the close. Beiersdorf AG O.N. (DE:BEIG) added 0.39% or 0.340 points to end at 87.260 and Vonovia SE (DE:VNAn) was up 0.36% or 0.14 points to 39.55 in late trade.

Biggest losers included Commerzbank AG O.N. (DE:CBKG), which lost 6.14% or 0.732 points to trade at 11.190 in late trade. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 2.98% or 0.358 points to end at 11.650 and Infineon Technologies AG NA O.N. (DE:IFXGn) shed 2.77% or 0.640 points to 22.490.

The top performers on the MDAX were LEG Immobilien AG (DE:LEGn) which rose 0.50% to 88.920, Deutsche Wohnen AG (DE:DWNG) which was up 0.42% to settle at 36.060 and Uniper SE (DE:UN01) which unchanged 0.00% to close at 24.000.

The worst performers were CTS Eventim AG (DE:EVDG) which was down 9.57% to 36.480 in late trade, Zalando SE (DE:ZALG) which lost 4.45% to settle at 44.86 and Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which was down 3.93% to 45.440 at the close.

The top performers on the TecDAX were Jenoptik AG (DE:JENG) which rose 1.59% to 28.140, Carl Zeiss Meditec AG (DE:AFXG) which was up 0.08% to settle at 49.600 and Morphosys AG O.N. (DE:MORG) which lost 0.64% to close at 84.950.

The worst performers were Medigene NA O.N. (DE:MDG1k) which was down 10.05% to 14.680 in late trade, United Internet AG NA (DE:UTDI) which lost 9.46% to settle at 51.500 and Adva Optical Networking SE (DE:ADAG) which was down 6.90% to 5.400 at the close.

Declining stocks outnumbered rising ones by 620 to 114 and 63 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 20.98% to 20.34.

In commodities trading, Gold Futures for April delivery was up 0.26% or 3.50 to $1325.00 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.98% or 0.64 to hit $64.53 a barrel, while the May Brent oil contract fell 0.52% or 0.36 to trade at $69.11 a barrel.

EUR/USD was down 0.34% to 1.2296, while EUR/GBP fell 0.05% to 0.8721.

The US Dollar Index Futures was up 0.28% at 89.53.

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