Germany shares lower at close of trade; DAX down 0.38%

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Germany shares lower at close of trade; DAX down 0.38%
Credit: © Reuters. – Germany equities were lower at the close on Wednesday, as losses in the Consumer & Cyclical , Transportation & Logistics and Technology sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 0.38%, while the MDAX index fell 2.23%, and the TecDAX index fell 0.64%.

The biggest gainers of the session on the DAX were Prosiebensat 1 Media AG (DE: PSMGn ), which rose 2.93% or 0.790 points to trade at 27.740 at the close. Deutsche Boerse AG (DE: DB1Gn ) added 1.03% or 1.000 points to end at 97.900 and Adidas AG (DE: ADSGN ) was up 1.01% or 1.80 points to 179.25 in late trade.

Biggest losers included Volkswagen AG VZO O.N. (DE: VOWG_p ), which lost 2.84% or 4.85 points to trade at 165.90 in late trade. Deutsche Post AG NA O.N. (DE: DPWGn ) declined 2.70% or 1.100 points to end at 39.600 and Commerzbank AG O.N. (DE: CBKG ) shed 2.22% or 0.275 points to 12.090.

The top performers on the MDAX were Fraport AG (DE: FRAG ) which rose 3.77% to 88.130, Metro AG (DE: MEOG ) which was up 2.62% to settle at 11.740 and Evonik Industries AG (DE: EVKn ) which gained 1.81% to close at 32.835.

The worst performers were Steinhoff International Holdings NV (DE: SNHG ) which was down 63.13% to 1.10 in late trade, Schaeffler AG Pref (DE: SHA_p ) which lost 2.67% to settle at 14.24 and Leoni AG (DE: LEOGn ) which was down 1.92% to 60.300 at the close.

The top performers on the TecDAX were Telefonica Deutschland Holding AG (DE: O2Dn ) which rose 2.03% to 4.129, Nordex SE O.N. (DE: NDXG ) which was up 1.40% to settle at 7.631 and Xing AG (DE: OBCGn ) which gained 1.35% to close at 259.55.

The worst performers were Siltronic AG (DE: WAFGn ) which was down 4.53% to 114.750 in late trade, Slm Solution G (DE: AM3D ) which lost 3.85% to settle at 45.49 and Evotec AG O.N. (DE: EVTG ) which was down 3.62% to 11.595 at the close.

Declining stocks outnumbered rising ones by 461 to 289 and 35 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 4.59% to 14.67.

In commodities trading, Gold Futures for February delivery was up 0.12% or 1.50 to $1266.40 a troy ounce. Meanwhile, Crude oil for delivery in January fell 2.46% or 1.42 to hit $56.20 a barrel, while the February Brent oil contract fell 2.12% or 1.33 to trade at $61.53 a barrel.

EUR/USD was down 0.33% to 1.1786, while EUR/GBP rose 0.19% to 0.8814.

The US Dollar Index Futures was up 0.36% at 93.61.

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