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Germany shares lower at close of trade; DAX down 0.87%

Published 26/01/2018, 04:15 am
© Reuters.  Germany shares lower at close of trade; DAX down 0.87%

Investing.com – Germany equities were lower at the close on Thursday, as losses in the Transportation & Logistics, Software and Consumer & Cyclical sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 0.87%, while the MDAX index fell 1.05%, and the TecDAX index declined 0.85%.

The biggest gainers of the session on the DAX were Linde AG O.N. (DE:LING), which rose 2.41% or 4.40 points to trade at 187.35 at the close. Commerzbank AG O.N. (DE:CBKG) added 1.44% or 0.194 points to end at 13.668 and Fresenius SE & Co KGAA O.N. (DE:FREG) was up 0.88% or 0.600 points to 69.000 in late trade.

Biggest losers included Deutsche Post AG NA O.N. (DE:DPWGn), which lost 2.88% or 1.150 points to trade at 38.830 in late trade. Henkel & Co KGaA AG Pref (DE:HNKG_p) declined 1.78% or 2.00 points to end at 110.25 and Deutsche Lufthansa AG (DE:LHAG) shed 1.65% or 0.480 points to 28.590.

The top performers on the MDAX were Metro AG (DE:MEOG) which rose 1.59% to 11.805, Krones AG O.N. (DE:KRNG) which was up 1.14% to settle at 115.000 and Covestro AG (DE:1COV) which gained 0.90% to close at 94.000.

The worst performers were MTU Aero Engines NA O.N. (DE:MTXGn) which was down 3.32% to 145.70 in late trade, Steinhoff International Holdings NV (DE:SNHG) which lost 3.19% to settle at 0.48 and Airbus Group SE (F:AIRG) which was down 3.12% to 88.050 at the close.

The top performers on the TecDAX were Evotec AG O.N. (DE:EVTG) which rose 6.16% to 14.915, Draegerwerk VZO O.N. (DE:DRWG_p) which was up 2.96% to settle at 78.300 and Cancom SE O.N. (DE:COKG) which gained 1.89% to close at 75.500.

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The worst performers were Medigene NA O.N. (DE:MDG1k) which was down 9.55% to 16.190 in late trade, Software AG (DE:SOWG) which lost 8.96% to settle at 43.180 and Adva Optical Networking SE (DE:ADAG) which was down 3.60% to 6.700 at the close.

Declining stocks outnumbered rising ones by 501 to 219 and 91 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.97% to 13.99.

In commodities trading, Gold Futures for February delivery was up 0.29% or 3.90 to $1360.20 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.81% or 0.53 to hit $66.14 a barrel, while the March Brent oil contract rose 0.75% or 0.53 to trade at $71.06 a barrel.

EUR/USD was up 0.61% to 1.2485, while EUR/GBP rose 0.41% to 0.8750.

The US Dollar Index Futures was down 0.52% at 88.56.

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