Germany stocks lower at close of trade; DAX down 0.46%

08/11/2019 18:15:00 Stock Market

Germany stocks were lower after the close on Friday, as losses in the Technology, Insurance and Media sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.46%, while the MDAX index fell 0.56%, and the TecDAX index declined 0.41%.

The best performers of the session on the DAX were Merck KGaA (DE:MRCG), which rose 1.53% or 1.65 points to trade at 109.55 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 1.00% or 0.260 points to end at 26.180 and Linde PLC (DE:LINI) was up 0.99% or 1.800 points to 184.100 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 3.53% or 4.250 points to trade at 116.050 at the close. Allianz SE VNA O.N. (DE:ALVG) declined 2.71% or 6.10 points to end at 219.00 and Infineon Technologies AG NA O.N. (DE:IFXGn) was down 2.45% or 0.474 points to 18.836.

The top performers on the MDAX were Deutsche Pfandbriefbank AG (DE:PBBG) which rose 2.76% to 13.01, Freenet AG NA (DE:FNTGn) which was up 2.48% to settle at 21.4900 and Software AG (DE:SOWGn) which gained 1.96% to close at 30.140.

The worst performers were Rheinmetall AG (DE:RHMG) which was down 6.93% to 104.750 in late trade, Leoni AG (DE:LEOGn) which lost 4.13% to settle at 12.665 and Jungheinrich AG O.N.VZO (DE:JUNG_p) which was down 3.51% to 23.620 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which rose 9.34% to 29.040, Freenet AG NA (DE:FNTGn) which was up 2.48% to settle at 21.490 and Software AG (DE:SOWGn) which gained 1.96% to close at 30.140.

The worst performers were New Work SE (DE:NWOn) which was down 3.74% to 270.00 in late trade, Wirecard AG (DE:WDIG) which lost 3.53% to settle at 116.050 and Siltronic AG (DE:WAFGn) which was down 2.80% to 84.800 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 392 to 276 and 90 ended unchanged.

Shares in Merck KGaA (DE:MRCG) rose to 52-week highs; gaining 1.53% or 1.65 to 109.55. Shares in Deutsche Pfandbriefbank AG (DE:PBBG) rose to 52-week highs; up 2.76% or 0.35 to 13.01. Shares in Freenet AG NA (DE:FNTGn) rose to 52-week highs; gaining 2.48% or 0.5200 to 21.4900. Shares in Freenet AG NA (DE:FNTGn) rose to 52-week highs; rising 2.48% or 0.520 to 21.490.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.50% to 13.95.

Gold Futures for December delivery was down 0.31% or 4.55 to $1461.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.16% or 0.09 to hit $57.24 a barrel, while the January Brent oil contract rose 0.31% or 0.19 to trade at $62.48 a barrel.

EUR/USD was down 0.27% to 1.1019, while EUR/GBP rose 0.08% to 0.8627.

The US Dollar Index Futures was up 0.26% at 98.240.

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