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Germany stocks lower at close of trade; DAX down 1.35%

Published 05/17/2017, 12:15 PM
Updated 05/17/2017, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.35%

Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Food & Beverages, Construction and Technology sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.35%, while the MDAX index lost 1.66%, and the TecDAX index declined 1.49%.

The best performers of the session on the DAX were Thyssenkrupp AG O.N. (DE:TKAG), which rose 3.05% or 0.685 points to trade at 23.175 at the close. Meanwhile, SAP SE (DE:SAPG) fell 0.29% or 0.270 points to end at 93.950 and Bayerische Motoren Werke AG (DE:BMWG) was down 0.30% or 0.260 points to 86.430 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 3.49% or 0.610 points to trade at 16.850 at the close. Vonovia SE (DE:VNAn) declined 3.36% or 1.21 points to end at 34.66 and Heidelbergcement AG O.N. (DE:HEIG) was down 2.89% or 2.4700 points to 83.1000.

The top performers on the MDAX were Metro AG ST O.N. (DE:MEOG) which rose 0.96% to 30.910, Zalando SE (DE:ZALG) which was up 0.72% to settle at 40.00 and Deutsche Wohnen AG Inh (DE:DWNG) which gained 0.48% to close at 34.535.

The worst performers were Alstria Office Reit-Ag (DE:AOXG) which was down 5.42% to 11.785 in late trade, Bilfinger SE O.N. (DE:GBFG) which lost 5.01% to settle at 36.650 and Tag Immobilien AG (DE:TEGG) which was down 4.39% to 13.170 at the close.

The top performers on the TecDAX were Bechtle AG (DE:BC8G) which rose 0.60% to 109.600, Drillisch AG (DE:DRIG) which was up 0.46% to settle at 56.700 and Xing AG (DE:OBCGn) which gained 0.32% to close at 216.95.

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The worst performers were Evotec AG O.N. (DE:EVTG) which was down 4.91% to 12.575 in late trade, Siltronic AG (DE:WAFGn) which lost 4.19% to settle at 76.640 and Morphosys AG O.N. (DE:MORG) which was down 4.00% to 57.860 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 620 to 132 and 13 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 19.15% to 14.62.

Gold Futures for June delivery was up 1.67% or 20.69 to $1257.09 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 1.23% or 0.60 to hit $49.26 a barrel, while the July Brent oil contract rose 1.41% or 0.73 to trade at $52.38 a barrel.

EUR/USD was up 0.49% to 1.1137, while EUR/GBP rose 0.27% to 0.8602.

The US Dollar Index Futures was down 0.57% at 97.54.

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