Germany stocks lower at close of trade; DAX down 2.74%
Germany stocks were lower after the close on Monday, as losses in the Software, Technology and Consumer&Cyclical sectors led shares lower.At the close in Frankfurt, the DAX fell 2.74%, while the MDAX index lost 2.32%, and the TecDAX index fell 2.85%.The best performers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which fell 1.00% or 0.320 points to trade at 31.600 at the close. Meanwhile, Deutsche Bank AG NA O.N. (DE:DBKGn) fell 1.05% or 0.082 points to end at 7.747 and Vonovia SE (DE:VNAn) was down 1.21% or 0.62 points to 50.60 in late trade.The worst performers of the session were Wirecard AG (DE:WDIG), which fell 4.48% or 6.300 points to trade at 134.300 at the close. Deutsche Lufthansa AG (DE:LHAG) declined 4.33% or 0.625 points to end at 13.800 and Adidas AG (DE:ADSGN) was down 4.15% or 13.00 points to 300.00.
The top performers on the MDAX were Gerresheimer AG (DE:GXIG) which rose 0.21% to 70.900, Freenet AG NA (DE:FNTGn) which was down 0.52% to settle at 19.955 and Osram Licht AG (DE:OSRn) which lost 0.63% to close at 45.45.
The worst performers were Varta AG (DE:VAR1) which was down 5.47% to 77.700 in late trade, Siltronic AG (DE:WAFGn) which lost 5.20% to settle at 89.620 and K+S AG NA O.N. (DE:SDFGn) which was down 4.68% to 8.276 at the close.
The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 0.08% to 12.520, S&T AG (DE:SANT1) which was down 0.31% to settle at 25.50 and Freenet AG NA (DE:FNTGn) which lost 0.52% to close at 19.955.
The worst performers were Varta AG (DE:VAR1) which was down 5.47% to 77.700 in late trade, Siltronic AG (DE:WAFGn) which lost 5.20% to settle at 89.620 and Wirecard AG (DE:WDIG) which was down 4.48% to 134.300 at the close.Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 622 to 70 and 58 ended unchanged.
Shares in K+S AG NA O.N. (DE:SDFGn) fell to 5-year lows; falling 4.68% or 0.406 to 8.276.
The DAX volatility index, which measures the implied volatility of DAX options, was up 30.65% to 17.69 a new 1-month high.
Gold Futures for February delivery was up 0.44% or 6.95 to $1578.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 2.62% or 1.42 to hit $52.77 a barrel, while the April Brent oil contract fell 2.70% or 1.62 to trade at $58.27 a barrel.
EUR/USD was down 0.07% to 1.1015, while EUR/GBP rose 0.08% to 0.8434.
The US Dollar Index Futures was up 0.12% at 97.770.