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Germany shares lower at close of trade; DAX down 1.25%

Published 2018-02-09, 12:15 p/m
© Reuters.  Germany shares lower at close of trade; DAX down 1.25%
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Investing.com – Germany equities were lower at the close on Friday, as losses in the Industrials, Media and Software sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 1.25% to hit a new 3-month low, while the MDAX index declined 0.81%, and the TecDAX index fell 0.59%.

The biggest gainers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 0.71% or 0.150 points to trade at 21.410 at the close. Beiersdorf AG O.N. (DE:BEIG) fell 0.04% or 0.040 points to end at 90.660 and Henkel & Co KGaA AG Pref (DE:HNKG_p) was down 0.05% or 0.05 points to 104.30 in late trade.

Biggest losers included Commerzbank AG O.N. (DE:CBKG), which lost 4.09% or 0.510 points to trade at 11.948 in late trade. Prosiebensat 1 Media AG (DE:PSMGn) declined 2.43% or 0.720 points to end at 28.860 and Siemens AG Class N (DE:SIEGn) shed 2.26% or 2.48 points to 107.02.

The top performers on the MDAX were Bilfinger SE O.N. (DE:GBFG) which rose 2.01% to 34.580, Hannover Rueck SE (DE:HNRGn) which was up 1.55% to settle at 111.20 and RTL Group SA (DE:RRTL) which gained 1.44% to close at 67.000.

The worst performers were Metro AG (DE:MEOG) which was down 2.99% to 10.875 in late trade, Kion Group AG (DE:KGX) which lost 2.41% to settle at 68.72 and Schaeffler AG Pref (DE:SHA_p) which was down 2.31% to 12.89 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE:MDG1k) which rose 5.42% to 16.350, Pfeiffer Vacuum Technology O.N. (DE:PV) which was up 2.88% to settle at 153.50 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 1.33% to close at 95.050.

The worst performers were Aixtron SE (DE:AIXGn) which was down 4.24% to 11.065 in late trade, SMA Solar Technology AG (DE:S92G) which lost 3.24% to settle at 42.400 and RIB Software AG Na (DE:RIB) which was down 3.09% to 25.080 at the close.

Declining stocks outnumbered rising ones by 585 to 164 and 56 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 50.80% to 40.07 a new 5-year high.

In commodities trading, Gold Futures for April delivery was up 0.14% or 1.80 to $1320.80 a troy ounce. Meanwhile, Crude oil for delivery in March fell 3.03% or 1.85 to hit $59.30 a barrel, while the April Brent oil contract fell 2.82% or 1.83 to trade at $62.98 a barrel.

EUR/USD was down 0.20% to 1.2223, while EUR/GBP rose 0.70% to 0.8864.

The US Dollar Index Futures was up 0.19% at 90.36.

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