Germany stocks lower at close of trade; DAX down 0.73%

 Germany stocks lower at close of trade; DAX down 0.73%
imageStock Markets8 hours ago (Jun 26, 2020 01:15PM ET)

(C) Reuters. Germany stocks lower at close of trade; DAX down 0.73%

Investing.com – Germany stocks were lower after the close on Friday, as losses in the Telecoms, Insurance and Transportation & Logistics sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.73%, while the MDAX index fell 1.00%, and the TecDAX index fell 0.61%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 2.65% or 1.40 points to trade at 54.16 at the close. Meanwhile, Beiersdorf AG O.N. (DE:BEIG) added 1.40% or 1.400 points to end at 101.650 and MTU Aero Engines NA O.N. (DE:MTXGn) was up 0.67% or 1.00 points to 150.40 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 63.74% or 2.252 points to trade at 1.281 at the close. Deutsche Lufthansa AG (DE:LHAG) declined 6.23% or 0.598 points to end at 8.994 and Daimler AG NA O.N. (DE:DAIGn) was down 3.19% or 1.150 points to 34.890.

The top performers on the MDAX were Siltronic AG (DE:WAFGn) which rose 1.89% to 89.420, Qiagen NV (DE:QIA) which was up 1.34% to settle at 38.940 and Bechtle AG (DE:BC8G) which gained 1.32% to close at 153.700.

The worst performers were Thyssenkrupp AG O.N. (DE:TKAG) which was down 5.11% to 5.900 in late trade, Commerzbank AG O.N. (DE:CBKG) which lost 4.26% to settle at 3.755 and Varta AG (DE:VAR1) which was down 3.58% to 90.350 at the close.

The top performers on the TecDAX were Siltronic AG (DE:WAFGn) which rose 1.89% to 89.420, Aixtron SE (DE:AIXGn) which was up 1.81% to settle at 10.290 and Qiagen NV (DE:QIA) which gained 1.34% to close at 38.940.

The worst performers were Wirecard AG (DE:WDIG) which was down 63.74% to 1.281 in late trade, Varta AG (DE:VAR1) which lost 3.58% to settle at 90.350 and RIB Software AG Na (DE:RIB) which was down 2.80% to 26.360 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 416 to 254 and 68 ended unchanged.

Shares in Wirecard AG (DE:WDIG) fell to 5-year lows; losing 63.74% or 2.252 to 1.281. Shares in Wirecard AG (DE:WDIG) fell to 5-year lows; falling 63.74% or 2.252 to 1.281.

The DAX volatility index, which measures the implied volatility of DAX options, was up 0.78% to 37.52.

Gold Futures for August delivery was up 0.72% or 12.75 to $1783.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.72% or 0.28 to hit $38.44 a barrel, while the August Brent oil contract fell 0.34% or 0.14 to trade at $40.91 a barrel.

EUR/USD was up 0.16% to 1.1235, while EUR/GBP rose 0.73% to 0.9096.

The US Dollar Index Futures was down 0.05% at 97.343.

Germany stocks lower at close of trade; DAX down 0.73%

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