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Germany shares lower at close of trade; DAX down 1.77%

Published 2018-03-23, 01:15 p/m
© Reuters.  Germany shares lower at close of trade; DAX down 1.77%
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Investing.com – Germany equities were lower at the close on Friday, as losses in the Insurance, Pharmaceuticals & Healthcare and Transportation & Logistics sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 1.77% to hit a new 52-week low, while the MDAX index declined 0.71%, and the TecDAX index declined 1.02%.

The biggest gainers of the session on the DAX were Prosiebensat 1 Media AG (DE:PSMGn), which rose 0.63% or 0.170 points to trade at 27.350 at the close. E.ON SE NA (DE:EONGn) added 0.51% or 0.045 points to end at 8.864 and Deutsche Telekom AG Na (DE:DTEGn) was up 0.31% or 0.040 points to 12.950 in late trade.

Biggest losers included Continental AG O.N. (DE:CONG), which lost 3.18% or 7.10 points to trade at 216.00 in late trade. Thyssenkrupp AG O.N. (DE:TKAG) declined 3.02% or 0.660 points to end at 21.160 and Bayer AG NA (DE:BAYGN) shed 2.88% or 2.68 points to 90.35.

The top performers on the MDAX were CTS Eventim AG (DE:EVDG) which rose 4.61% to 38.160, Uniper SE (DE:UN01) which was up 1.58% to settle at 24.380 and Deutsche Pfandbriefbank AG (DE:PBBG) which gained 1.20% to close at 12.64.

The worst performers were Leoni AG (DE:LEOGn) which was down 3.99% to 51.980 in late trade, Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which lost 2.64% to settle at 44.240 and Lanxess AG (DE:LXSG) which was down 2.60% to 61.360 at the close.

The top performers on the TecDAX were SLM Solutions Group AG (DE:AM3D) which rose 3.75% to 33.20, United Internet AG NA (DE:UTDI) which was up 2.76% to settle at 52.920 and CompuGroup Medical AG O.N. (DE:COPMa) which gained 2.30% to close at 43.600.

The worst performers were RIB Software AG Na (DE:RIB) which was down 23.21% to 23.820 in late trade, Siltronic AG (DE:WAFGn) which lost 5.32% to settle at 149.400 and Medigene NA O.N. (DE:MDG1k) which was down 2.45% to 14.320 at the close.

Declining stocks outnumbered rising ones by 540 to 183 and 71 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 6.82% to 21.72.

In commodities trading, Gold Futures for April delivery was up 1.55% or 20.60 to $1348.00 a troy ounce. Meanwhile, Crude oil for delivery in May rose 1.65% or 1.06 to hit $65.36 a barrel, while the May Brent oil contract rose 1.42% or 0.98 to trade at $69.89 a barrel.

EUR/USD was up 0.46% to 1.2359, while EUR/GBP rose 0.11% to 0.8737.

The US Dollar Index Futures was down 0.42% at 89.09.

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