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Germany shares mixed at close of trade; DAX down 0.94%

Published 25/05/2018, 02:15 am
Updated 25/05/2018, 02:15 am
© Reuters.  Germany shares mixed at close of trade; DAX down 0.94%

© Reuters. Germany shares mixed at close of trade; DAX down 0.94%

Investing.com – Germany equities were mixed at the close on Thursday, as gains in the Technology, Software and Food & Beverages sectors propelled shares higher while losses in the Basic Resources, Telecoms and Utilities sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.94%, while the MDAX index fell 0.57%, and the TecDAX index climbed 0.16%.

The biggest gainers of the session on the DAX were Linde AG 1 (DE:LIN1), which rose 1.25% or 2.4000 points to trade at 193.7500 at the close. Merck KGaA (DE:MRCG) added 0.63% or 0.52 points to end at 83.70 and SAP SE (DE:SAPG) was up 0.44% or 0.420 points to 96.840 in late trade.

Biggest losers included Commerzbank AG O.N. (DE:CBKG), which lost 6.42% or 0.652 points to trade at 9.500 in late trade. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 4.79% or 0.522 points to end at 10.376 and Daimler AG NA O.N. (DE:DAIGn) shed 2.77% or 1.860 points to 65.220.

The top performers on the MDAX were Tag Immobilien AG (DE:TEGG) which rose 1.65% to 17.880, Gerresheimer AG (DE:GXIG) which was up 1.35% to settle at 67.800 and Hugo Boss AG NA O.N. (DE:BOSSn) which gained 0.96% to close at 77.720.

The worst performers were Osram Licht AG (DE:OSRn) which was down 2.46% to 51.50 in late trade, Schaeffler AG Pref (DE:SHA_p) which lost 2.06% to settle at 13.31 and Leoni AG (DE:LEOGn) which was down 1.86% to 54.920 at the close.

The top performers on the TecDAX were Siltronic AG (DE:WAFGn) which rose 2.32% to 148.000, Evotec AG O.N. (DE:EVTG) which was up 2.31% to settle at 14.585 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 2.11% to close at 140.500.

The worst performers were Nordex SE O.N. (DE:NDXG) which was down 4.24% to 10.265 in late trade, SMA Solar Technology AG (DE:S92G) which lost 3.92% to settle at 56.300 and Medigene NA O.N. (DE:MDG1k) which was down 3.39% to 14.840 at the close.

Declining stocks outnumbered rising ones by 459 to 246 and 82 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.26% to 17.20 a new 1-month high.

In commodities trading, Gold Futures for June delivery was up 1.09% or 14.00 to $1303.60 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.02% or 0.73 to hit $71.11 a barrel, while the July Brent oil contract fell 0.65% or 0.52 to trade at $79.28 a barrel.

EUR/USD was up 0.27% to 1.1728, while EUR/GBP fell 0.01% to 0.8763.

The US Dollar Index Futures was down 0.21% at 93.71.

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