Germany's stock market closed lower; DAX 30 fell 1.20%

24.02.2017

The German stock market closed Friday session lower amid negative dynamics on the part of the food and beverages, technology and media sectors.

At the close of the Frankfurt Stock Exchange, DAX 30 fell 1.20%, MDAX index fell 1.05%, and TecDAX index fell 1.39%.

The leaders of growth among DAX 30 index components were the shares of Merck KGaA (DE: MRCG), which rose 0.450 p. (0.44%), closing at 103.200. The shares of Deutsche Lufthansa AG (DE: LHAG) increased by 0.010 p (0.07%), ending trading at 13.710, while the shares of Deutsche Boerse AG Z.UMT. (DE: DB11) remained unchanged at 0.00 h (0.00%), closing at 83.94.

Leaders of falling were shares of Pro Sieben (DE: PSMGn), the price of which has fallen by 1.340 p. (3.46%), ending the session at around 37.350. Shares of Infineon Technologies AG (DE: IFXGn) fell 0.510 p. (2.93%) to close at 16.910, and BASF SE (DE: BASFN) decreased in price by 2.590 p. (2.88%) and completed the session at 87.360.

The leaders of growth among the MDAX index components were the shares of Mtu Aero Engines Holding AG (DE: MTXGn), which rose 1.77% to reach 117.550, Aurubis AG (DE: NAFG), which gained 0.51% to close at 54.880, and the shares of Symrise AG (DE: SY1G), which rose 0.51%, ending the session at around 58.910.

The worst performers were the shares of Rhoen Klinikum AG (DE: RHKG), which fell in price by 6.11%, closing at 23,650, Salzgitter AG (DE: SZGG) shares, which lost 5.35% to 34.920, and Suedzucker AG (DE: SZUG) shares, which decreased in price by 3.69% to reach 23.990.

The leaders of growth among the TecDAX index components were the shares of Xing AG (DE: OBCGn), which rose 2.40% to reach 191.750, GFT Technologies AG (DE: GFTG), which gained 1.08% to close at the level of 19.675, as well as the shares of Adva Optical Networking SE (DE: ADAG), which rose 0.95%, ending the session at around 9.107.

The worst results came from the shares of RIB Software AG (DE: RIB), which fell in price by 5.87%, closing at 11.620. Shares of S&T AG (F: SANT1) lost 4.32% to 9.090 and shares of Siltronic AG (DE: WAFGn) decreased in price by 3.75% to reach 56.790.

On the Frankfurt Stock Exchange, the number of cheaper securities (558) exceeded the number closed in positive territory (183), and the quotes of 22 shares remained virtually unchanged.

Meanwhile, EUR/USD pair rose 0.05% to 1.0586, and EUR/GBP rose 0.55%, reaching 0.8473.

The USD index fell 0.03% to 100.92.

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