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Germany shares lower at close of trade; DAX down 1.20%

Published 24/02/2017, 17:15
Updated 24/02/2017, 17:15
© Reuters.  Germany shares lower at close of trade; DAX down 1.20%

Investing.com – Germany equities were lower at the close on Friday, as losses in the Food & Beverages, Technology and Media sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 1.20%, while the MDAX index lost 1.05%, and the TecDAX index fell 1.39%.

The biggest gainers of the session on the DAX were Merck KGaA (DE:MRCG), which rose 0.44% or 0.450 points to trade at 103.200 at the close. Lufthansa AG VNA O.N. (DE:LHAG) added 0.07% or 0.010 points to end at 13.710 and Deutsche Boerse AG Z.UMT. (DE:DB11) was unchanged 0.00% or 0.00 points to 83.94 in late trade.

Biggest losers included Prosiebensat 1 Media AG (DE:PSMGn), which lost 3.46% or 1.340 points to trade at 37.350 in late trade. Infineon Technologies AG NA O.N. (DE:IFXGn) declined 2.93% or 0.510 points to end at 16.910 and BASF SE NA O.N. (DE:BASFN) shed 2.88% or 2.590 points to 87.360.

The top performers on the MDAX were MTU Aero Engines NA O.N. (DE:MTXGn) which rose 1.77% to 117.550, Aurubis AG (DE:NAFG) which was up 0.51% to settle at 54.880 and Symrise AG Inh. O.N. (DE:SY1G) which gained 0.51% to close at 58.910.

The worst performers were Rhoen Klinikum AG (DE:RHKG) which was down 6.11% to 23.650 in late trade, Salzgitter AG (DE:SZGG) which lost 5.35% to settle at 34.920 and Suedzucker AG (DE:SZUG) which was down 3.69% to 23.990 at the close.

The top performers on the TecDAX were Xing AG (DE:OBCGn) which rose 2.40% to 191.750, GFT Technologies AG (DE:GFTG) which was up 1.08% to settle at 19.675 and Adva Optical Networking SE (DE:ADAG) which gained 0.95% to close at 9.107.

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The worst performers were RIB Software AG Na (DE:RIB) which was down 5.87% to 11.620 in late trade, S&T AG (F:SANT1) which lost 4.32% to settle at 9.090 and Siltronic AG (DE:WAFGn) which was down 3.75% to 56.790 at the close.

Declining stocks outnumbered rising ones by 558 to 183 and 22 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.20% to 15.29.

In commodities trading, Gold Futures for April delivery was up 0.45% or 5.60 to $1257.00 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.81% or 0.44 to hit $54.01 a barrel, while the April Brent oil contract fell 0.87% or 0.49 to trade at $56.09 a barrel.

EUR/USD was up 0.05% to 1.0586, while EUR/GBP rose 0.55% to 0.8473.

The US Dollar Index Futures was down 0.03% at 100.92.

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