Germany stocks lower at close of trade

Germany stocks lower at close of trade

Germany stocks were lower after the close on Friday, as losses in the Consumer & Cyclical, Telecoms and Technology sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.60%, while the MDAX index declined 0.48%, and the TecDAX index fell 0.58%.

The best performers of the session on the DAX were Thyssenkrupp AG O.N., which rose 2.05% or 0.435 points to trade at 21.685 at the close. Meanwhile, Deutsche Boerse NA O.N. (DE:DB1Gn) added 0.90% or 0.670 points to end at 75.050 and RWE AG ST O.N.  was up 0.79% or 0.100 points to 12.780 in late trade.

The worst performers of the session were Daimler AG NA O.N., which fell 5.12% or 3.410 points to trade at 63.250 at the close. Beiersdorf AG O.N. declined 1.76% or 1.420 points to end at 79.330 and Bay.Motoren Werke AG ST was down 1.63% or 1.370 points to 82.780.

The top performers on the MDAX were Bilfinger SE O.N. which rose 3.49% to 40.055, Osram Licht AG  which was up 1.97% to settle at 45.695 and DMG Mori Seiki AG  which gained 1.77% to close at 42.480.

The worst performers were Steinhoff International Holdings NV which was down 3.72% to 5.23 in late trade, Hella KGaA Hueck & Co  which lost 2.55% to settle at 34.01 and Hugo Boss AG NA O.N.  which was down 2.54% to 56.680 at the close.

The top performers on the TecDAX were Pfeiffer Vacuum Technology O.N. which rose 2.06% to 96.000, Dialog Semiconductor which was up 1.36% to settle at 32.080 and Bechtle AG O.N.  which gained 1.30% to close at 91.490.

The worst performers were Freenet AG NA  which was down 3.30% to 26.690 in late trade, Xing AG  which lost 2.80% to settle at 161.400 and Drillisch AG O.N.  which was down 2.76% to 35.980 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 484 to 388 and 37 ended unchanged.

Shares in DMG Mori Seiki AG  rose to all-time highs; rising 1.77% or 0.740 to 42.480.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.19% to 19.15.

Gold for June delivery was down 1.10% or 13.70 to $1236.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 1.62% or 0.70 to hit $43.88 a barrel, while the June Brent oil contract rose 1.66% or 0.74 to trade at $45.27 a barrel.

EUR/USD was down 0.56% to 1.1225, while EUR/GBP fell 0.96% to 0.7805.

The US Dollar Index was up 0.52% at 95.11.