Investing.com – Germany stocks were lower after the close on Monday, as losses in the Construction, Technology and Media sectors led shares lower.
At the close in Frankfurt, the DAX declined 3.30% to hit a new 52-week low, while the MDAX index lost 4.48%, and the TecDAX index fell 5.81%.
The best performers of the session on the DAX were Muench. Rueckvers. VNA O.N. (DE:MUVGn), which fell 0.76% or 1.300 points to trade at 169.350 at the close. Meanwhile, Bayer AG NA (DE:BAYGN) fell 1.96% or 1.890 points to end at 94.510 and Allianz SE VNA O.N. (DE:ALVG) was down 2.14% or 2.950 points to 135.100 in late trade.
The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 9.50% or 1.450 points to trade at 13.820 at the close. Commerzbank AG O.N. (DE:CBKG) declined 9.49% or 0.692 points to end at 6.603 and Heidelbergcement AG O.N. (DE:HEIG) was down 6.17% or 4.010 points to 60.940.
The top performers on the MDAX were Kabel Deutschland Holding AG O.N. (DE:KD8Gn) which rose 0.04% to 111.800, Celesio AG Nam. O.N. (DE:CLSGn) which was down 0.24% to settle at 25.110 and Man SE ST O.N. (DE:MANG) which lost 1.11% to close at 91.530.
The worst performers were Elringklinger AG NA O.N. (DE:ZILGn) which was down 8.22% to 20.550 in late trade, Leoni AG NA O.N. (DE:LEOGn) which lost 7.02% to settle at 29.015 and Prosiebensat 1 Media AG (DE:PSMGn) which was down 6.66% to 41.540 at the close.
The top performers on the TecDAX were Draegerwerk VZO O.N. (DE:DRWG_p) which rose 1.34% to 54.340, Qiagen NV (DE:QGEN) which was down 1.79% to settle at 18.155 and STRATEC Biomedical AG (DE:SBSG) which lost 2.45% to close at 47.855.
The worst performers were Xing AG (DE:OBCGn) which was down 13.95% to 151.450 in late trade, SMA Solar Technology AG (DE:S92G) which lost 11.24% to settle at 37.840 and Aixtron SE NA O.N. (DE:AIXGn) which was down 10.12% to 2.950 at the close.
Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 631 to 72 and 24 ended unchanged.
Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) fell to all time lows; down 9.50% or 1.450 to 13.820. Shares in Bayer AG NA (DE:BAYGN) fell to 52-week lows; down 1.96% or 1.890 to 94.510. Shares in Commerzbank AG O.N. (DE:CBKG) fell to 52-week lows; down 9.49% or 0.692 to 6.603. Shares in Leoni AG NA O.N. (DE:LEOGn) fell to 3-years lows; losing 7.02% or 2.190 to 29.015. Shares in Qiagen NV (DE:QGEN) fell to 52-week lows; losing 1.79% or 0.330 to 18.155. Shares in Aixtron SE NA O.N. (DE:AIXGn) fell to 5-year lows; falling 10.12% or 0.332 to 2.950.
The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 28.30.
Gold for April delivery was up 3.07% or 35.50 to $1193.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 2.48% or 0.77 to hit $30.12 a barrel, while the April Brent oil contract fell 1.89% or 0.65 to trade at $33.41 a barrel.
EUR/USD was up 0.10% to 1.1166, while EUR/GBP rose 0.75% to 0.7748.
The US Dollar Index was down 0.09% at 96.89.