Germany shares lower at close of trade; DAX down 1.54%

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Germany shares lower at close of trade; DAX down 1.54%
Credit: © Reuters. – Germany equities were lower at the close on Monday, as losses in the Construction , Media and Chemicals sectors propelled shares lower.

At the close in Frankfurt, the DAX declined 1.54% to hit a new 52-week low, while the MDAX index declined 2.06%, and the TecDAX index fell 1.41%.

The biggest gainers of the session on the DAX were Fresenius SE & Co KGAA O.N. (DE: FREG ), which rose 2.28% or 0.890 points to trade at 39.880 at the close. Vonovia SE (DE: VNAn ) added 1.19% or 0.50 points to end at 42.58 and Linde PLC (DE: LINI ) was up 0.07% or 0.100 points to 136.300 in late trade.

Biggest losers included Deutsche Bank AG NA O.N. (DE: DBKGn ), which lost 5.62% or 0.433 points to trade at 7.272 in late trade. Bayer AG NA (DE: BAYGN ) declined 4.15% or 2.63 points to end at 60.80 and Covestro AG (DE: 1COV ) shed 4.14% or 1.870 points to 43.350.

The top performers on the MDAX were Morphosys AG O.N. (DE: MORG ) which rose 0.46% to 98.7000, Sartorius AG VZO O.N. (DE: SATG_p ) which was up 0.46% to settle at 109.700 and Innogy SE (DE: IGY ) which gained 0.30% to close at 40.250.

The worst performers were Deutsche Pfandbriefbank AG (DE: PBBG ) which was down 9.37% to 9.19 in late trade, Norma Group AG NA O.N. (DE: NOEJ ) which lost 5.57% to settle at 46.140 and Prosiebensat 1 Media AG (DE: PSMGn ) which was down 5.23% to 15.9450 at the close.

The top performers on the TecDAX were Carl Zeiss Meditec AG (DE: AFXG ) which rose 1.72% to 67.850, ADO Properties SARL (DE: ADJ ) which was up 1.02% to settle at 47.68 and TLG Immobilien AG (DE: TLGG ) which gained 0.57% to close at 24.76.

The worst performers were RIB Software AG Na (DE: RIB ) which was down 27.05% to 9.440 in late trade, Aumann AG (DE: AAGG ) which lost 15.01% to settle at 30.3000 and Steinhoff International Holdings NV (DE: SNHG ) which was down 10.18% to 0.09 at the close.

Declining stocks outnumbered rising ones by 604 to 115 and 60 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 7.64% to 24.09.

In commodities trading, Gold Futures for February delivery was down 0.18% or 2.20 to $1250.40 a troy ounce. Meanwhile, Crude oil for delivery in January fell 2.00% or 1.05 to hit $51.56 a barrel, while the February Brent oil contract fell 1.31% or 0.81 to trade at $60.86 a barrel.

EUR/USD was down 0.10% to 1.1368, while EUR/GBP rose 1.15% to 0.9046.

The US Dollar Index Futures was up 0.60% at 97.058.

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