Germany shares lower at close of trade; DAX down 0.83%

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Germany shares lower at close of trade; DAX down 0.83%
Credit: © Reuters. – Germany equities were lower at the close on Wednesday, as losses in the Construction , Industrials and Transportation & Logistics sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 0.83%, while the MDAX index declined 0.79%, and the TecDAX index fell 0.19%.

The biggest gainers of the session on the DAX were Deutsche Telekom AG Na (DE: DTEGn ), which rose 2.18% or 0.295 points to trade at 13.850 at the close. Volkswagen AG VZO O.N. (DE: VOWG_p ) added 0.92% or 1.58 points to end at 173.16 and Prosiebensat 1 Media AG (DE: PSMGn ) was up 0.51% or 0.150 points to 29.690 in late trade.

Biggest losers included Commerzbank AG O.N. (DE: CBKG ), which lost 2.65% or 0.290 points to trade at 10.648 in late trade. Deutsche Boerse AG (DE: DB1Gn ) declined 2.58% or 2.950 points to end at 111.550 and Deutsche Lufthansa AG (DE: LHAG ) shed 2.57% or 0.690 points to 26.190.

The top performers on the MDAX were Jungheinrich AG O.N.VZO (DE: JUNG_p ) which rose 1.48% to 35.640, Suedzucker AG (DE: SZUG ) which was up 1.46% to settle at 13.865 and Talanx AG NA O.N. (DE: TLXGn ) which gained 0.66% to close at 36.500.

The worst performers were Steinhoff International Holdings NV (DE: SNHG ) which was down 5.88% to 0.16 in late trade, Airbus Group SE (F: AIRG ) which lost 2.83% to settle at 92.410 and Covestro AG (DE: 1COV ) which was down 2.75% to 79.120 at the close.

The top performers on the TecDAX were Cancom SE O.N. (DE: COKG ) which rose 5.56% to 95.000, SLM Solutions Group AG (DE: AM3D ) which was up 4.13% to settle at 32.75 and Jenoptik AG (DE: JENG ) which gained 2.59% to close at 29.300.

The worst performers were RIB Software AG Na (DE: RIB ) which was down 4.94% to 19.620 in late trade, S&T AG (F: SANT1 ) which lost 3.93% to settle at 19.560 and Siltronic AG (DE: WAFGn ) which was down 3.69% to 142.200 at the close.

Declining stocks outnumbered rising ones by 453 to 239 and 83 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 4.63% to 19.07.

In commodities trading, Gold Futures for June delivery was up 1.47% or 19.80 to $1365.70 a troy ounce. Meanwhile, Crude oil for delivery in May rose 2.40% or 1.57 to hit $67.08 a barrel, while the June Brent oil contract rose 1.96% or 1.39 to trade at $72.43 a barrel.

EUR/USD was up 0.23% to 1.2383, while EUR/GBP rose 0.05% to 0.8720.

The US Dollar Index Futures was down 0.20% at 89.14.

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