Germany stocks lower at close of trade; DAX down 1.61%

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

At the close in Frankfurt, the DAX declined 1.61%, while the MDAX index declined 0.67%, and the TecDAX index declined 1.85%.

The best performers of the session on the DAX were Vonovia SE (ETR:VNAn), which rose 1.05% or 0.30 points to trade at 28.99 at the close. Meanwhile, E.ON SE (ETR:EONGn) added 0.84% or 0.13 points to end at 15.65 and Rheinmetall AG (ETR:RHMG) was up 0.76% or 13.50 points to 1,783.50 in late trade.

The worst performers of the session were Brenntag AG (ETR:BNRGn), which fell 4.18% or 2.48 points to trade at 56.78 at the close. Deutsche Bank AG NA O.N. (ETR:DBKGn) declined 4.16% or 1.04 points to end at 24.08 and Mercedes Benz Group AG (ETR:MBGn) was down 3.99% or 2.10 points to 50.54.

The top performers on the MDAX were Evotec AG O.N. (ETR:EVTG) which rose 17.11% to 8.24, Tag Immobilien AG (ETR:TEGG) which was up 1.50% to settle at 14.21 and LEG Immobilien AG (ETR:LEGn) which gained 1.37% to close at 74.00.

The worst performers were Carl Zeiss Meditec AG (ETR:AFXG) which was down 4.02% to 57.35 in late trade, Puma SE (ETR:PUMG) which lost 2.91% to settle at 22.03 and Jenoptik AG (ETR:JENGn) which was down 2.56% to 18.62 at the close.

The top performers on the TecDAX were Evotec AG O.N. (ETR:EVTG) which rose 17.11% to 8.24, IONOS Group SE (ETR:IOSn) which was up 2.46% to settle at 37.45 and Nordex SE O.N. (ETR:NDXG) which gained 0.75% to close at 17.45.

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The worst performers were Carl Zeiss Meditec AG (ETR:AFXG) which was down 4.02% to 57.35 in late trade, Infineon Technologies AG NA O.N. (ETR:IFXGn) which lost 3.79% to settle at 33.39 and Siemens Healthineers AG (ETR:SHLG) which was down 3.53% to 46.51 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 443 to 178 and 35 ended unchanged.

Shares in IONOS Group SE (ETR:IOSn) rose to all time highs; rising 2.46% or 0.90 to 37.45.

The DAX volatility index, which measures the implied volatility of DAX options, was up 8.46% to 19.15.

Gold Futures for June delivery was up 1.92% or 63.41 to $3,358.41 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.52% or 0.32 to hit $61.52 a barrel, while the July Brent oil contract rose 0.50% or 0.32 to trade at $64.76 a barrel.

EUR/USD was up 0.57% to 1.13, while EUR/GBP unchanged 0.05% to 0.84.

The US Dollar Index Futures was down 0.69% at 99.17.

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