Germany stocks lower at close of trade; DAX down 3.37%

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

At the close in Frankfurt, the lost 3.37% to hit a new 6-months low, while the index declined 3.62%, and the index declined 3.00%.

The best performers of the session on the were Continental AG O.N. (DE:), which rose 1.41% or 1.19 points to trade at 85.55 at the close. Meanwhile, Deutsche Lufthansa AG (DE:) fell 0.22% or 0.025 points to end at 11.475 and BASF SE NA O.N. (DE:) was down 1.22% or 0.650 points to 52.670 in late trade.

The worst performers of the session were RWE AG ST O.N. (DE:), which fell 6.68% or 2.230 points to trade at 31.140 at the close. Linde PLC (DE:) declined 5.94% or 10.550 points to end at 167.200 and Infineon Technologies AG NA O.N. (DE:) was down 5.47% or 0.975 points to 16.855.

The top performers on the MDAX were Prosiebensat 1 Media AG (DE:) which rose 3.78% to 10.4200, Kion Group AG (DE:) which was up 0.95% to settle at 47.86 and Freenet AG NA (DE:) which gained 0.72% to close at 18.290.

The worst performers were Metro Wholesale & Food Specialist AG (DE:) which was down 11.19% to 10.6350 in late trade, Airbus Group SE (DE:) which lost 7.36% to settle at 99.63 and Commerzbank AG O.N. (DE:) which was down 7.08% to 4.305 at the close.

The top performers on the TecDAX were Freenet AG NA (DE:) which rose 0.72% to 18.290, Telefonica Deutschland Holding AG (DE:) which was down 0.17% to settle at 2.329 and United Internet AG NA (DE:) which lost 0.73% to close at 27.300.

The worst performers were Siltronic AG (DE:) which was down 6.91% to 75.500 in late trade, Varta AG (DE:) which lost 6.33% to settle at 69.600 and Morphosys AG O.N. (DE:) which was down 6.04% to 98.850 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 641 to 66 and 42 ended unchanged.

Shares in BASF SE NA O.N. (DE:) fell to 5-year lows; falling 1.22% or 0.650 to 52.670. Shares in Airbus Group SE (DE:) fell to 52-week lows; losing 7.36% or 7.91 to 99.63. Shares in Commerzbank AG O.N. (DE:) fell to 5-year lows; falling 7.08% or 0.328 to 4.305.

The , which measures the implied volatility of DAX options, was up 22.56% to 39.98.

Gold Futures for April delivery was unchanged 0.00% or 0.00 to $1668.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 8.15% or 3.74 to hit $42.16 a barrel, while the May Brent oil contract fell 7.52% or 3.76 to trade at $46.23 a barrel.

EUR/USD was up 0.61% to 1.1307, while EUR/GBP rose 0.35% to 0.8697.

The US Dollar Index Futures was down 0.80% at 96.017.

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