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Germany shares lower at close of trade; DAX down 0.46%

Published 08/03/2016, 04:15 am
© Reuters.  Germany shares lower at close of trade; DAX down 0.46%

Investing.com – Germany equities were lower at the close on Monday, as losses in the Financial Services, Software and Utilities sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 0.46%, while the MDAX index lost 0.50%, and the TecDAX index lost 0.83%.

The biggest gainers of the session on the DAX were K+S AG NA O.N. (DE:SDFGn), which rose 2.19% or 0.465 points to trade at 21.675 at the close. Thyssenkrupp AG O.N. (DE:TKAG) added 0.91% or 0.155 points to end at 17.185 and Linde AG O.N. (DE:LING) was up 0.53% or 0.700 points to 132.800 in late trade.

Biggest losers included Volkswagen AG VZO O.N. (DE:VOWG_p), which lost 3.18% or 3.850 points to trade at 117.150 in late trade. Deutsche Boerse NA O.N. (DE:DB1Gn) declined 1.71% or 1.310 points to end at 75.310 and Deutsche Bank AG NA O.N. (DE:DBKGn) shed 1.53% or 0.275 points to 17.740.

The top performers on the MDAX were Gerry Weber Internat.O.N. (DE:GWIG) which rose 1.45% to 11.920, Kuka AG (DE:KU2G) which was up 0.94% to settle at 88.850 and Hochtief AG (DE:HOTG) which gained 0.89% to close at 102.500.

The worst performers were Symrise AG Inh. O.N. (DE:SY1G) which was down 1.67% to 56.990 in late trade, Rheinmetall AG (DE:RHMG) which lost 1.54% to settle at 67.660 and Bilfinger SE O.N. (DE:GBFG) which was down 1.14% to 42.635 at the close.

The top performers on the TecDAX were Kontron AG O.N. (DE:KBCG) which rose 5.41% to 3.858, BB Biotech AG (DE:BIONn) which was up 3.21% to settle at 227.000 and Adva Optical Networking SE (DE:ADAG) which gained 3.12% to close at 9.970.

The worst performers were Wirecard AG (DE:WDIG) which was down 3.74% to 37.210 in late trade, QSC AG NA O.N. (DE:QSCG) which lost 3.57% to settle at 1.349 and Aixtron SE NA O.N. (DE:AIXGn) which was down 3.27% to 3.462 at the close.

Declining stocks outnumbered rising ones by 436 to 318 and 25 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 5.97% to 23.07.

In commodities trading, Gold for April delivery was down 0.18% or 2.30 to $1268.40 a troy ounce. Meanwhile, Crude oil for delivery in April rose 4.45% or 1.60 to hit $37.52 a barrel, while the May Brent oil contract rose 4.62% or 1.79 to trade at $40.51 a barrel.

EUR/USD was up 0.10% to 1.1017, while EUR/GBP fell 0.13% to 0.7721.

The US Dollar Index was down 0.13% at 97.12.

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