Germany stocks lower at close of trade; DAX down 3.48%

6 Dec 2018

Germany stocks lower at close of trade; DAX down 3.48%

– Germany stocks were lower after the close on Thursday, as losses in the Pharmaceuticals & Healthcare, Insurance and Chemicals sectors led shares lower.

At the close in Frankfurt, the DAX lost 3.48% to hit a new 52-week low, while the MDAX index declined 3.14%, and the TecDAX index lost 2.69%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 1.28% or 0.53 points to trade at 42.08 at the close. Meanwhile, Adidas AG (DE:ADSGN) fell 1.48% or 2.90 points to end at 193.55 and Deutsche Lufthansa AG (DE:LHAG) was down 1.64% or 0.325 points to 19.490 in late trade.

The worst performers of the session were Daimler AG NA O.N. (DE:DAIGn), which fell 6.28% or 3.140 points to trade at 46.860 at the close. Fresenius SE & Co KGAA O.N. (DE:FREG) declined 6.09% or 3.060 points to end at 47.220 and Covestro AG (DE:1COV) was down 5.64% or 2.730 points to 45.710.

The top performers on the MDAX were Evotec AG O.N. (DE:EVTG) which rose 4.91% to 18.390, Axel Springer SE (DE:SPRGn) which was up 0.66% to settle at 53.000 and Alstria Office Reit-Ag (DE:AOXG) which gained 0.65% to close at 12.440.

The worst performers were Kion Group AG (DE:KGX) which was down 8.92% to 47.27 in late trade, Siltronic AG (DE:WAFGn) which lost 8.04% to settle at 72.960 and Software AG (DE:SOWGn) which was down 8.03% to 32.510 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which rose 3.66% to 18.140, Hornbach Holding VZO O.N. (DE:HBH) which was up 2.61% to settle at 51.200 and Vossloh AG (DE:VOSG) which gained 1.97% to close at 43.950.

The worst performers were SGL Carbon SE (DE:SGCG) which was down 19.38% to 7.095 in late trade, Steinhoff International Holdings NV (DE:SNHG) which lost 14.71% to settle at 0.10 and SLM Solutions Group AG (DE:AM3D) which was down 10.48% to 11.10 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 643 to 78 and 57 ended unchanged.

Shares in Daimler AG NA O.N. (DE:DAIGn) fell to 5-year lows; falling 6.28% or 3.140 to 46.860. Shares in Fresenius SE & Co KGAA O.N. (DE:FREG) fell to 3-years lows; down 6.09% or 3.060 to 47.220. Shares in Covestro AG (DE:1COV) fell to 52-week lows; losing 5.64% or 2.730 to 45.710. Shares in Software AG (DE:SOWGn) fell to 52-week lows; falling 8.03% or 2.840 to 32.510. Shares in SGL Carbon SE (DE:SGCG) fell to all time lows; losing 19.38% or 1.705 to 7.095.

The DAX volatility index, which measures the implied volatility of DAX options, was up 20.55% to 24.29 a new 6-months high.

Gold Futures for February delivery was up 0.31% or 3.80 to $1246.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 3.48% or 1.84 to hit $51.05 a barrel, while the February Brent oil contract fell 3.49% or 2.15 to trade at $59.41 a barrel.

EUR/USD was up 0.30% to 1.1378, while EUR/GBP rose 0.01% to 0.8910.

The US Dollar Index Futures was down 0.28% at 96.738.

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