Germany stocks lower at close of trade; DAX down 1.94%

Germany stocks lower at close of trade; DAX down 1.94%

Germany stocks were lower after the close on Tuesday, as losses in the Technology, Utilities and Transportation & Logistics sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.94%, while the MDAX index declined 1.10%, and the TecDAX index declined 1.06%.

The best performers of the session on the DAX were Beiersdorf AG O.N., which rose 0.84% or 0.660 points to trade at 79.390 at the close. Meanwhile, Merck KGAA O.N.  added 0.04% or 0.030 points to end at 80.860 and Henkel AG & Co Kgaa Vzo  was down 0.01% or 0.010 points to 99.810 in late trade.

The worst performers of the session were Commerzbank AG O.N., which fell 9.55% or 0.773 points to trade at 7.322 at the close. Deutsche Bank AG NA O.N. declined 6.27% or 1.005 points to end at 15.025 and RWE AG ST O.N. was down 6.02% or 0.770 points to 12.025.

The top performers on the MDAX were STADA Arzneimittel VNA O.N. which rose 5.20% to 39.725, Stroeer SE  which was up 4.01% to settle at 44.100 and Hugo Boss AG NA O.N. which gained 2.76% to close at 57.650.

The worst performers were Steinhoff International Holdings NV which was down 4.64% to 5.26 in late trade, Deutsche Pfandbriefbank AG which lost 3.42% to settle at 8.93 and Salzgitter AG O.N.  which was down 3.36% to 28.740 at the close.

The top performers on the TecDAX were Carl Zeiss Meditec AG which rose 1.82% to 29.345, Bechtle AG O.N. which was up 0.47% to settle at 92.120 and Telefonica Deutschland Holding AG which gained 0.47% to close at 4.446.

The worst performers were Suess Microtec NA O.N.  which was down 6.10% to 8.800 in late trade, Aixtron SE NA O.N. which lost 4.20% to settle at 4.171 and Dialog Semiconductor  which was down 3.01% to 29.815 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 719 to 202 and 23 ended unchanged.

Shares in STADA Arzneimittel VNA O.N. rose to 52-week highs; up 5.20% or 1.965 to 39.725.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.79% to 22.97.

Gold for June delivery was down 0.51% or 6.60 to $1289.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 2.84% or 1.27 to hit $43.51 a barrel, while the July Brent oil contract fell 2.09% or 0.96 to trade at $44.87 a barrel.

EUR/USD was down 0.20% to 1.1511, while EUR/GBP rose 0.65% to 0.7912.

The US Dollar Index was up 0.34% at 92.84.