Germany stocks lower at close of trade; DAX down 2.05%

02/12/2019 18:15:00 Stock Market

Germany stocks were lower after the close on Monday, as losses in the Software, Utilities and Consumer&Cyclical sectors led shares lower.

At the close in Frankfurt, the DAX lost 2.05%, while the MDAX index declined 1.57%, and the TecDAX index lost 2.43%.

The best performers of the session on the DAX were Heidelbergcement AG O.N. (DE:HEIG), which rose 0.06% or 0.040 points to trade at 67.140 at the close. Meanwhile, Volkswagen AG VZO O.N. (DE:VOWG_p) fell 0.40% or 0.70 points to end at 174.78 and Siemens AG Class N (DE:SIEGn) was down 0.79% or 0.92 points to 116.20 in late trade.

The worst performers of the session were RWE AG ST O.N. (DE:RWEG), which fell 5.24% or 1.410 points to trade at 25.500 at the close. Linde PLC (DE:LINI) declined 3.48% or 6.500 points to end at 180.400 and SAP SE (DE:SAPG) was down 3.27% or 4.040 points to 119.440.

The top performers on the MDAX were Prosiebensat 1 Media AG (DE:PSMGn) which rose 1.36% to 13.7950, Aurubis AG (DE:NAFG) which was up 1.26% to settle at 43.500 and K+S AG NA O.N. (DE:SDFGn) which gained 0.93% to close at 10.350.

The worst performers were United Internet AG NA (DE:UTDI) which was down 5.56% to 29.040 in late trade, Evotec AG O.N. (DE:EVTG) which lost 4.77% to settle at 19.150 and Rocket Internet (DE:RKET) which was down 4.29% to 21.84 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 2.83% to 12.730, Medigene NA O.N. (DE:MDG1k) which was up 0.73% to settle at 5.550 and RIB Software AG Na (DE:RIB) which gained 0.25% to close at 23.980.

The worst performers were United Internet AG NA (DE:UTDI) which was down 5.56% to 29.040 in late trade, Evotec AG O.N. (DE:EVTG) which lost 4.77% to settle at 19.150 and SLM Solutions Group AG (DE:AM3D) which was down 4.23% to 15.40 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 543 to 161 and 54 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 17.69% to 17.03 a new 1-month high.

Gold Futures for February delivery was down 0.24% or 3.55 to $1469.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.29% or 0.71 to hit $55.88 a barrel, while the February Brent oil contract rose 0.86% or 0.52 to trade at $61.01 a barrel.

EUR/USD was up 0.52% to 1.1072, while EUR/GBP rose 0.42% to 0.8558.

The US Dollar Index Futures was down 0.35% at 97.863.

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