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Germany shares lower at close of trade; DAX down 1.48%

Published 20/05/2016, 02:15 am
© Reuters.  Germany shares lower at close of trade; DAX down 1.48%
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Investing.com – Germany equities were lower at the close on Thursday, as losses in the Chemicals, Basic Resources and Utilities sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 1.48% to hit a new 1-month low, while the MDAX index lost 0.66%, and the TecDAX index declined 0.98%.

The biggest gainers of the session on the DAX were Prosiebensat 1 Media AG (DE:PSMGn), which rose 1.37% or 0.590 points to trade at 43.560 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) added 1.32% or 0.195 points to end at 14.940 and Commerzbank AG O.N. (DE:CBKG) was up 1.11% or 0.080 points to 7.259 in late trade.

Biggest losers included Bayer AG NA (DE:BAYGN), which lost 8.20% or 7.910 points to trade at 88.510 in late trade. Deutsche Post AG NA O.N. (DE:DPWGn) declined 4.72% or 1.275 points to end at 25.740 and Thyssenkrupp AG O.N. (DE:TKAG) shed 4.39% or 0.830 points to 18.060.

The top performers on the MDAX were CTS Eventim AG (DE:EVDG) which rose 4.49% to 31.445, Kuka AG (DE:KU2G) which was up 2.84% to settle at 106.950 and Hella KGaA Hueck & Co (DE:HLE) which gained 1.75% to close at 33.18.

The worst performers were Evonik Industries AG (DE:EVKn) which was down 5.73% to 26.665 in late trade, Salzgitter AG O.N. (DE:SZGG) which lost 3.96% to settle at 25.720 and Covestro AG (DE:1COV) which was down 3.28% to 34.830 at the close.

The top performers on the TecDAX were Aixtron SE NA O.N. (DE:AIXGn) which rose 6.02% to 4.367, Carl Zeiss Meditec AG (DE:AFXG) which was up 2.59% to settle at 33.500 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 1.56% to close at 224.300.

The worst performers were RIB Software AG Na (DE:RIB) which was down 3.77% to 8.661 in late trade, Telefonica Deutschland Holding AG (DE:O2Dn) which lost 3.39% to settle at 4.530 and GFT Technologies AG (DE:GFTG) which was down 3.15% to 20.580 at the close.

Declining stocks outnumbered rising ones by 608 to 273 and 24 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.71% to 23.58.

In commodities trading, Gold for June delivery was down 1.72% or 21.90 to $1252.50 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.77% or 0.37 to hit $47.82 a barrel, while the July Brent oil contract fell 0.92% or 0.45 to trade at $48.48 a barrel.

EUR/USD was down 0.11% to 1.1204, while EUR/GBP fell 0.17% to 0.7671.

The US Dollar Index was up 0.08% at 95.28.

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