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Germany stocks lower at close of trade; DAX down 3.43%

imageStock Markets1 hour ago (Jun 24, 2020 01:15PM ET)

(C) Reuters. Germany stocks lower at close of trade; DAX down 3.43%

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

At the close in Frankfurt, the DAX fell 3.43%, while the MDAX index declined 2.46%, and the TecDAX index lost 2.42%.

The best performers of the session on the DAX were Deutsche Post AG NA O.N. (DE:DPWGn), which fell 0.98% or 0.315 points to trade at 31.670 at the close. Meanwhile, E.ON SE NA (DE:EONGn) fell 1.61% or 0.162 points to end at 9.928 and Infineon Technologies AG NA O.N. (DE:IFXGn) was down 1.97% or 0.410 points to 20.440 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 28.30% or 4.856 points to trade at 12.302 at the close. Daimler AG NA O.N. (DE:DAIGn) declined 6.60% or 2.455 points to end at 34.755 and Deutsche Bank AG NA O.N. (DE:DBKGn) was down 5.05% or 0.432 points to 8.122.

The top performers on the MDAX were Dialog Semiconductor (DE:DLGS) which rose 6.10% to 40.760, Rocket Internet (DE:RKET) which was up 2.44% to settle at 19.77 and Varta AG (DE:VAR1) which gained 2.07% to close at 93.800.

The worst performers were Thyssenkrupp AG O.N. (DE:TKAG) which was down 7.97% to 6.100 in late trade, Commerzbank AG O.N. (DE:CBKG) which lost 6.01% to settle at 3.782 and K+S AG NA O.N. (DE:SDFGn) which was down 5.66% to 5.764 at the close.

The top performers on the TecDAX were Dialog Semiconductor (DE:DLGS) which rose 6.10% to 40.760, RIB Software AG Na (DE:RIB) which was up 2.81% to settle at 26.340 and Varta AG (DE:VAR1) which gained 2.07% to close at 93.800.

The worst performers were Wirecard AG (DE:WDIG) which was down 28.30% to 12.302 in late trade, Aixtron SE (DE:AIXGn) which lost 5.02% to settle at 10.203 and Carl Zeiss Meditec AG (DE:AFXG) which was down 4.17% to 86.200 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 556 to 120 and 62 ended unchanged.

Shares in Wirecard AG (DE:WDIG) fell to 5-year lows; losing 28.30% or 4.856 to 12.302. Shares in Wirecard AG (DE:WDIG) fell to 5-year lows; losing 28.30% or 4.856 to 12.302.

The DAX volatility index, which measures the implied volatility of DAX options, was up 14.66% to 38.96.

Gold Futures for August delivery was down 0.27% or 4.80 to $1777.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 5.03% or 2.03 to hit $38.34 a barrel, while the August Brent oil contract fell 4.88% or 2.08 to trade at $40.55 a barrel.

EUR/USD was down 0.26% to 1.1277, while EUR/GBP rose 0.39% to 0.9064.

The US Dollar Index Futures was up 0.39% at 96.987.

Germany stocks lower at close of trade; DAX down 3.43%

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