Germany stocks lower at close of trade; DAX down 7.89%

Investing.com – Germany stocks were lower after the close on Monday, as losses in the , and sectors led shares lower.

At the close in Frankfurt, the lost 7.89% to hit a new 52-week low, while the index lost 6.70%, and the index fell 6.66%.

The best performers of the session on the were Beiersdorf AG O.N. (DE:), which fell 2.83% or 2.800 points to trade at 95.980 at the close. Meanwhile, Deutsche Boerse AG (DE:) fell 3.78% or 5.550 points to end at 141.400 and Fresenius Medical Care KGAA ST (DE:) was down 3.94% or 2.720 points to 66.380 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:), which fell 12.41% or 0.841 points to trade at 5.935 at the close. Daimler AG NA O.N. (DE:) declined 12.23% or 4.265 points to end at 30.595 and Covestro AG (DE:) was down 11.52% or 3.780 points to 29.040.

The top performers on the MDAX were LEG Immobilien AG (DE:) which fell 1.74% to 110.000, Qiagen NV (DE:) which was down 1.79% to settle at 36.190 and Zalando SE (DE:) which lost 2.20% to close at 36.87.

The worst performers were Siltronic AG (DE:) which was down 15.68% to 63.660 in late trade, Commerzbank AG O.N. (DE:) which lost 14.63% to settle at 3.675 and Thyssenkrupp AG O.N. (DE:) which was down 13.55% to 6.003 at the close.

The top performers on the TecDAX were Qiagen NV (DE:) which fell 1.79% to 36.190, RIB Software AG Na (DE:) which was down 1.82% to settle at 27.000 and Sartorius AG VZO O.N. (DE:) which lost 4.61% to close at 203.000.

The worst performers were Siltronic AG (DE:) which was down 15.68% to 63.660 in late trade, Nordex SE O.N. (DE:) which lost 14.38% to settle at 8.990 and Varta AG (DE:) which was down 12.93% to 60.600 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 698 to 33 and 17 ended unchanged.

Shares in Daimler AG NA O.N. (DE:) fell to 5-year lows; falling 12.23% or 4.265 to 30.595. Shares in Covestro AG (DE:) fell to 3-years lows; down 11.52% or 3.780 to 29.040. Shares in Commerzbank AG O.N. (DE:) fell to 5-year lows; falling 14.63% or 0.630 to 3.675. Shares in Thyssenkrupp AG O.N. (DE:) fell to all time lows; falling 13.55% or 0.941 to 6.003.

The , which measures the implied volatility of DAX options, was up 37.39% to 54.93 a new 5-year high.

Gold Futures for April delivery was up 0.02% or 0.35 to $1672.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 22.36% or 9.23 to hit $32.05 a barrel, while the May Brent oil contract fell 22.22% or 10.06 to trade at $35.21 a barrel.

EUR/USD was up 1.39% to 1.1442, while EUR/GBP rose 0.82% to 0.8724.

The US Dollar Index Futures was down 0.99% at 94.983.

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