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Germany stocks lower at close of trade; DAX down 1.81%

Published 03/02/2016, 04:15 am
Updated 03/02/2016, 04:16 am
© Reuters.  Germany stocks lower at close of trade; DAX down 1.81%

Investing.com – Germany stocks were lower after the close on Tuesday, as losses in the Technology, Utilities and Basic Resources sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.81%, while the MDAX index declined 1.99%, and the TecDAX index lost 1.25%.

The best performers of the session on the DAX were Beiersdorf AG O.N. (DE:BEIG), which rose 0.66% or 0.560 points to trade at 85.560 at the close. Meanwhile, Henkel AG & Co Kgaa Vzo (DE:HNKG_p) fell 0.23% or 0.230 points to end at 98.200 and Deutsche Boerse NA O.N. (DE:DB1Gn) was down 0.33% or 0.260 points to 78.680 in late trade.

The worst performers of the session were Thyssenkrupp AG O.N. (DE:TKAG), which fell 6.02% or 0.855 points to trade at 13.350 at the close. Infineon Technologies AG NA O.N. (DE:IFXGn) declined 5.75% or 0.715 points to end at 11.725 and K+S AG NA O.N. (DE:SDFGn) was down 5.30% or 1.030 points to 18.420.

The top performers on the MDAX were Suedzucker Mannheim Ochsenfurt AG (DE:SZUG) which rose 0.88% to 14.280, Celesio AG Nam. O.N. (DE:CLSGn) which was up 0.66% to settle at 25.780 and Vonovia SE (DE:VNAn) which gained 0.61% to close at 28.20.

The worst performers were Wacker Chemie O.N. (DE:WCHG) which was down 7.34% to 60.000 in late trade, Leoni AG NA O.N. (DE:LEOGn) which lost 5.71% to settle at 29.885 and Salzgitter AG O.N. (DE:SZGG) which was down 4.85% to 17.965 at the close.

The top performers on the TecDAX were Software AG O.N. (DE:SOWG) which rose 2.60% to 31.810, Drillisch AG O.N. (DE:DRIG) which was up 2.03% to settle at 38.675 and Bechtle AG O.N. (DE:BC8G) which gained 0.80% to close at 80.620.

The worst performers were Kontron AG O.N. (DE:KBCG) which was down 6.88% to 3.152 in late trade, Adva Optical Networking SE (DE:ADAG) which lost 6.62% to settle at 7.826 and Jenoptik AG O.N. (DE:JENG) which was down 3.90% to 12.200 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 542 to 139 and 36 ended unchanged.

Shares in Thyssenkrupp AG O.N. (DE:TKAG) fell to 52-week lows; falling 6.02% or 0.855 to 13.350. Shares in K+S AG NA O.N. (DE:SDFGn) fell to 52-week lows; falling 5.30% or 1.030 to 18.420. Shares in Wacker Chemie O.N. (DE:WCHG) fell to 52-week lows; down 7.34% or 4.750 to 60.000. Shares in Leoni AG NA O.N. (DE:LEOGn) fell to 52-week lows; losing 5.71% or 1.810 to 29.885. Shares in Salzgitter AG O.N. (DE:SZGG) fell to 5-year lows; losing 4.85% or 0.915 to 17.965. Shares in Software AG O.N. (DE:SOWG) rose to 3-years highs; gaining 2.60% or 0.805 to 31.810.

The DAX volatility index, which measures the implied volatility of DAX options, was up 6.19% to 27.43.

Gold for April delivery was down 0.27% or 3.10 to $1124.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 4.49% or 1.42 to hit $30.20 a barrel, while the April Brent oil contract fell 3.71% or 1.27 to trade at $32.97 a barrel.

EUR/USD was up 0.20% to 1.0910, while EUR/GBP rose 0.43% to 0.7577.

The US Dollar Index was down 0.10% at 98.95.

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