Germany stocks lower at close of trade; DAX down 0.86%

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At the close in Frankfurt, the DAX lost 0.86% to hit a new 1-month low, while the MDAX index fell 0.82%, and the TecDAX index declined 0.74%.

The best performers of the session on the DAX were Sartorius AG VZO O.N. (ETR:SATG_p), which rose 1.15% or 4.20 points to trade at 369.90 at the close. Meanwhile, Adidas AG (ETR:ADSGN) added 0.86% or 1.54 points to end at 179.74 and Heidelbergcement AG O.N. (ETR:HEIG) was up 0.68% or 0.52 points to 76.64 in late trade.

The worst performers of the session were E.ON SE (ETR:EONGn), which fell 2.06% or 0.23 points to trade at 10.96 at the close. Siemens Energy AG (ETR:ENR1n) declined 2.01% or 0.28 points to end at 13.42 and Vonovia SE (ETR:VNAn) was down 1.97% or 0.41 points to 20.41.

The top performers on the MDAX were Tag Immobilien AG (ETR:TEGG) which rose 3.17% to 10.08, Thyssenkrupp AG O.N. (ETR:TKAG) which was up 1.24% to settle at 7.00 and Redcare Pharmacy NV (ETR:RDC) which gained 0.93% to close at 114.55.

The worst performers were Befesa SA (ETR:BFSA) which was down 4.87% to 33.60 in late trade, Encavis AG (ETR:ECVG) which lost 3.93% to settle at 13.32 and Telefonica Deutschland Holding AG (ETR:O2Dn) which was down 3.86% to 1.73 at the close.

The top performers on the TecDAX were Nagarro SE (ETR:NA9n) which rose 1.80% to 76.55, Sartorius AG VZO O.N. (ETR:SATG_p) which was up 1.15% to settle at 369.90 and ADTRAN Holdingsa Inc (ETR:QH9) which gained 1.14% to close at 7.43.

The worst performers were Eckert & Ziegler AG O.N. (ETR:EUZG) which was down 4.68% to 32.58 in late trade, Telefonica Deutschland Holding AG (ETR:O2Dn) which lost 3.86% to settle at 1.73 and SMA Solar Technology AG (ETR:S92G) which was down 2.64% to 75.55 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 492 to 165 and 87 ended unchanged.

Shares in Encavis AG (ETR:ECVG) fell to 52-week lows; losing 3.93% or 0.55 to 13.32. Shares in Telefonica Deutschland Holding AG (ETR:O2Dn) fell to all time lows; down 3.86% or 0.07 to 1.73. Shares in Telefonica Deutschland Holding AG (ETR:O2Dn) fell to all time lows; down 3.86% or 0.07 to 1.73.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.16% to 18.04.

Gold Futures for December delivery was down 0.45% or 8.75 to $1,935.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 2.18% or 1.80 to hit $80.71 a barrel, while the October Brent oil contract fell 1.88% or 1.62 to trade at $84.59 a barrel.

EUR/USD was unchanged 0.12% to 1.09, while EUR/GBP unchanged 0.17% to 0.86.

The US Dollar Index Futures was down 0.07% at 102.99.