Germany stocks lower at close of trade; DAX down 0.81%

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At the close in Frankfurt, the DAX fell 0.81%, while the MDAX index lost 0.02%, and the TecDAX index lost 6.00%.

The best performers of the session on the DAX were BASF SE NA O.N. (DE:BASFN), which rose 2.08% or 1.100 points to trade at 54.080 at the close. Meanwhile, Covestro AG (DE:1COV) added 1.61% or 0.530 points to end at 33.480 and Vonovia SE (DE:VNAn) was up 1.25% or 0.68 points to 55.14 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 62.47% or 64.715 points to trade at 38.875 at the close. Deutsche Lufthansa AG (DE:LHAG) declined 4.01% or 0.412 points to end at 9.868 and Henkel & Co KGaA AG Pref (DE:HNKG_p) was down 3.58% or 3.06 points to 82.47.

The top performers on the MDAX were Zalando SE (DE:ZALG) which rose 7.14% to 64.50, Rheinmetall AG (DE:RHMG) which was up 2.49% to settle at 77.420 and Lanxess AG (DE:LXSG) which gained 2.25% to close at 47.925.

The worst performers were Commerzbank AG O.N. (DE:CBKG) which was down 7.26% to 3.924 in late trade, Cancom SE O.N. (DE:COKG) which lost 5.98% to settle at 51.850 and Grenke N AG (DE:GLJn) which was down 3.87% to 72.00 at the close.

The top performers on the TecDAX were S&T AG (DE:SANT1) which rose 2.09% to 23.48, TeamViewer AG (DE:TMV) which was up 1.60% to settle at 47.05 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 1.19% to close at 2.639.

The worst performers were Wirecard AG (DE:WDIG) which was down 62.47% to 38.875 in late trade, Cancom SE O.N. (DE:COKG) which lost 5.98% to settle at 51.850 and New Work SE (DE:NWOn) which was down 3.75% to 257.00 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 447 to 215 and 77 ended unchanged.

Shares in Wirecard AG (DE:WDIG) fell to 3-years lows; down 62.47% or 64.715 to 38.875. Shares in Vonovia SE (DE:VNAn) rose to all time highs; gaining 1.25% or 0.68 to 55.14. Shares in Wirecard AG (DE:WDIG) fell to 3-years lows; down 62.47% or 64.715 to 38.875.

The DAX volatility index, which measures the implied volatility of DAX options, was down 0.46% to 37.08.

Gold Futures for August delivery was down 0.30% or 5.25 to $1730.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 2.13% or 0.81 to hit $38.77 a barrel, while the August Brent oil contract rose 1.79% or 0.73 to trade at $41.44 a barrel.

EUR/USD was down 0.41% to 1.1197, while EUR/GBP rose 0.74% to 0.9018.

The US Dollar Index Futures was up 0.35% at 97.480.