Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Germany shares lower at close of trade; DAX down 2.27%

Published 02/03/2018, 17:15
Updated 02/03/2018, 17:15
© Reuters.  Germany shares lower at close of trade; DAX down 2.27%

Investing.com – Germany equities were lower at the close on Friday, as losses in the Basic Resources, Industrials and Construction sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 2.27% to hit a new 6-month low, while the MDAX index declined 2.20%, and the TecDAX index declined 3.11%.

The biggest gainers of the session on the DAX were Beiersdorf AG O.N. (DE:BEIG), which rose 0.70% or 0.600 points to trade at 86.680 at the close. Linde AG O.N. (DE:LING) added 0.27% or 0.45 points to end at 170.10 and Vonovia SE (DE:VNAn) was down 0.70% or 0.26 points to 36.77 in late trade.

Biggest losers included Thyssenkrupp AG O.N. (DE:TKAG), which lost 4.08% or 0.890 points to trade at 20.930 in late trade. Commerzbank AG O.N. (DE:CBKG) declined 3.62% or 0.454 points to end at 12.088 and Siemens AG Class N (DE:SIEGn) shed 3.36% or 3.58 points to 102.98.

The top performers on the MDAX were STADA Arzneimittel VNA O.N. (DE:STAGn) which rose 0.84% to 86.220, Suedzucker AG (DE:SZUG) which was up 0.41% to settle at 14.850 and RTL Group SA (DE:RRTL) which unchanged 0.00% to close at 70.900.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 12.79% to 0.31 in late trade, Salzgitter AG (DE:SZGG) which lost 5.17% to settle at 43.430 and Deutsche Pfandbriefbank AG (DE:PBBG) which was down 4.19% to 13.73 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE:MDG1k) which fell 0.42% to 16.780, SMA Solar Technology AG (DE:S92G) which was down 0.60% to settle at 50.100 and Telefonica Deutschland Holding AG (DE:O2Dn) which lost 1.37% to close at 3.679.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The worst performers were GFT Technologies AG (DE:GFTG) which was down 7.19% to 12.520 in late trade, Dialog Semiconductor (DE:DLGS) which lost 6.21% to settle at 23.580 and Adva Optical Networking SE (DE:ADAG) which was down 5.77% to 5.800 at the close.

Declining stocks outnumbered rising ones by 665 to 76 and 56 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 10.25% to 24.17.

In commodities trading, Gold Futures for April delivery was up 1.19% or 15.50 to $1320.70 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.20% or 0.12 to hit $61.11 a barrel, while the May Brent oil contract rose 0.39% or 0.25 to trade at $64.08 a barrel.

EUR/USD was up 0.45% to 1.2319, while EUR/GBP rose 0.47% to 0.8946.

The US Dollar Index Futures was down 0.29% at 89.96.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.