Germany shares lower at close of trade; DAX down 0.73%

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Germany shares lower at close of trade; DAX down 0.73%

Investing.com – Germany equities were lower at the close on Wednesday, as losses in the Technology , Basic Resources and Construction sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 0.73% to hit a new 52-week low, while the MDAX index declined 0.57%, and the TecDAX index fell 0.73%.

The biggest gainers of the session on the DAX were Adidas AG (DE: ADSGN ), which rose 1.80% or 3.55 points to trade at 201.00 at the close. Deutsche Telekom AG Na (DE: DTEGn ) added 0.90% or 0.130 points to end at 14.550 and Deutsche Lufthansa AG (DE: LHAG ) was up 0.58% or 0.105 points to 18.280 in late trade.

Biggest losers included Covestro AG (DE: 1COV ), which lost 4.80% or 2.660 points to trade at 52.780 in late trade. Deutsche Bank AG NA O.N. (DE: DBKGn ) declined 4.76% or 0.443 points to end at 8.869 and Infineon Technologies AG NA O.N. (DE: IFXGn ) shed 4.70% or 0.810 points to 16.435.

The top performers on the MDAX were MTU Aero Engines NA O.N. (DE: MTXGn ) which rose 3.09% to 173.70, Delivery Hero AG (DE: DHER ) which was up 2.49% to settle at 33.70 and Sartorius AG VZO O.N. (DE: SATG_p ) which gained 2.25% to close at 118.000.

The worst performers were Siltronic AG (DE: WAFGn ) which was down 9.04% to 77.660 in late trade, Salzgitter AG (DE: SZGG ) which lost 5.31% to settle at 34.950 and Aurubis AG (DE: NAFG ) which was down 4.56% to 50.260 at the close.

The top performers on the TecDAX were Suedzucker AG (DE: SZUG ) which rose 8.03% to 14.400, Takkt AG O.N. (DE: TTKG ) which was up 6.23% to settle at 13.300 and SMA Solar Technology AG (DE: S92G ) which gained 5.85% to close at 19.000.

The worst performers were Kloeckner & Co SE NA (DE: KCOGn ) which was down 10.21% to 7.4300 in late trade, Aixtron SE NA O.N. (DE: AIXGn ) which lost 9.13% to settle at 7.8000 and Dialog Semiconductor (DE: DLGS ) which was down 8.25% to 18.6800 at the close.

Declining stocks outnumbered rising ones by 432 to 273 and 73 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 11.31% to 21.56 a new 6-month high.

In commodities trading, Gold Futures for December delivery was down 0.13% or 1.60 to $1231.80 a troy ounce. Meanwhile, Crude oil for delivery in December rose 1.73% or 1.15 to hit $67.58 a barrel, while the December Brent oil contract rose 1.10% or 0.84 to trade at $77.28 a barrel.

EUR/USD was down 0.69% to 1.1393, while EUR/GBP fell 0.02% to 0.8834.

The US Dollar Index Futures was up 0.44% at 96.13.

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