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Germany stocks lower at close of trade; DAX down 3.64%

Germany stocks were lower after the close on Monday, as losses in the Software, Chemicals and Media sectors led shares…

By financial2020myday , in Stock Markets , at October 26, 2020

Germany stocks were lower after the close on Monday, as losses in the Software, Chemicals and Media sectors led shares lower.

At the close in Frankfurt, the DAX declined 3.64% to hit a new 3-months low, while the MDAX index fell 2.00%, and the TecDAX index fell 3.66%.

The best performers of the session on the DAX were Bayer AG NA (DE:BAYGN), which rose 1.23% or 0.52 points to trade at 42.83 at the close. Meanwhile, Delivery Hero AG (DE:DHER) added 0.79% or 0.72 points to end at 92.38 and Beiersdorf AG O.N. (DE:BEIG) was up 0.78% or 0.770 points to 99.870 in late trade.

The worst performers of the session were SAP SE (DE:SAPG), which fell 21.99% or 27.390 points to trade at 97.190 at the close. MTU Aero Engines NA O.N. (DE:MTXGn) declined 3.84% or 6.50 points to end at 162.80 and Heidelbergcement AG O.N. (DE:HEIG) was down 3.24% or 1.750 points to 52.270.

The top performers on the MDAX were Aixtron SE (DE:AIXGn) which rose 2.34% to 11.623, Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which was up 0.54% to settle at 46.450 and Aareal Bank AG (DE:ARLG) which unchanged 0.00% to close at 16.750.

The worst performers were Grenke N AG (DE:GLJn) which was down 6.28% to 32.54 in late trade, Thyssenkrupp AG O.N. (DE:TKAG) which lost 5.22% to settle at 4.430 and Hugo Boss AG NA O.N. (DE:BOSSn) which was down 5.09% to 21.980 at the close.

The top performers on the TecDAX were New Work SE (DE:NWOn) which rose 6.40% to 241.00, Aixtron SE (DE:AIXGn) which was up 2.34% to settle at 11.623 and Siltronic AG (DE:WAFGn) which lost 0.16% to close at 86.940.

The worst performers were SAP SE (DE:SAPG) which was down 21.99% to 97.190 in late trade, S&T AG (DE:SANT1) which lost 8.41% to settle at 16.01 and LPKF Laser & Electronics (DE:LPKG) which was down 5.61% to 16.480 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 556 to 109 and 28 ended unchanged.

Shares in Fuchs Petrolub AG VZO Pref (DE:FPEG_p) rose to 52-week highs; rising 0.54% or 0.250 to 46.450.

The DAX volatility index, which measures the implied volatility of DAX options, was up 11.79% to 33.65 a new 3-months high.

Gold Futures for December delivery was up 0.09% or 1.65 to $1906.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 3.39% or 1.35 to hit $38.50 a barrel, while the January Brent oil contract fell 3.07% or 1.29 to trade at $40.78 a barrel.

EUR/USD was down 0.32% to 1.1822, while EUR/GBP fell 0.18% to 0.9080.

The US Dollar Index Futures was up 0.27% at 93.017.

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