EconomyEditor's PickNewsGermany stocks lower at close of trade; DAX down 0.33%

1 year ago1112 min
imageStock Markets19 minutes ago (Oct 02, 2020 01:15PM ET)

(C) Reuters. Germany stocks lower at close of trade; DAX down 0.33% – Germany stocks were lower after the close on Friday, as losses in the Technology, Pharmaceuticals & Healthcare and Retail sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.33%, while the MDAX index declined 0.36%, and the TecDAX index lost 1.13%.

The best performers of the session on the DAX were Covestro AG (DE:1COV), which rose 2.21% or 0.940 points to trade at 43.390 at the close. Meanwhile, E.ON SE NA (DE:EONGn) added 1.74% or 0.166 points to end at 9.694 and RWE AG ST O.N. (DE:RWEG) was up 1.70% or 0.560 points to 33.435 in late trade.

The worst performers of the session were Bayer AG NA (DE:BAYGN), which fell 3.94% or 1.84 points to trade at 44.81 at the close. MTU Aero Engines NA O.N. (DE:MTXGn) declined 1.77% or 2.55 points to end at 141.75 and Fresenius SE & Co KGAA O.N. (DE:FREG) was down 1.73% or 0.670 points to 37.985.

The top performers on the MDAX were Hochtief AG (DE:HOTG) which rose 13.05% to 72.35, Kion Group AG (DE:KGX) which was up 2.51% to settle at 76.86 and Stroeer SE (DE:SAXG) which gained 2.28% to close at 67.250.

The worst performers were Thyssenkrupp AG O.N. (DE:TKAG) which was down 5.62% to 3.879 in late trade, Morphosys AG O.N. (DE:MORG) which lost 4.97% to settle at 98.260 and Siemens Healthineers AG (DE:SHLG) which was down 3.69% to 37.06 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 3.04% to 11.850, New Work SE (DE:NWOn) which was up 2.34% to settle at 262.00 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 1.00% to close at 364.200.

The worst performers were Morphosys AG O.N. (DE:MORG) which was down 4.97% to 98.260 in late trade, Siemens Healthineers AG (DE:SHLG) which lost 3.69% to settle at 37.06 and Evotec AG O.N. (DE:EVTG) which was down 2.79% to 21.950 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 393 to 280 and 68 ended unchanged.

Shares in Bayer AG NA (DE:BAYGN) fell to 5-year lows; down 3.94% or 1.84 to 44.81. Shares in Kion Group AG (DE:KGX) rose to 52-week highs; up 2.51% or 1.88 to 76.86. Shares in Sartorius AG VZO O.N. (DE:SATG_p) rose to all time highs; up 1.00% or 3.600 to 364.200.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.02% to 28.26.

Gold Futures for December delivery was down 0.56% or 10.75 to $1905.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 3.74% or 1.45 to hit $37.27 a barrel, while the December Brent oil contract fell 3.57% or 1.46 to trade at $39.47 a barrel.

EUR/USD was down 0.25% to 1.1718, while EUR/GBP fell 0.54% to 0.9062.

The US Dollar Index Futures was up 0.12% at 93.877.

Germany stocks lower at close of trade; DAX down 0.33%

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