Germany shares lower at close of trade; DAX down 1.16%

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Germany shares lower at close of trade; DAX down 1.16%
Credit: © Reuters.

Investing.com – Germany equities were lower at the close on Wednesday, as losses in the Technology , Consumer & Cyclical and Software sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 1.16%, while the MDAX index lost 0.77%, and the TecDAX index lost 0.74%.

The biggest gainers of the session on the DAX were RWE AG ST O.N. (DE: RWEG ), which rose 1.20% or 0.235 points to trade at 19.835 at the close. Linde AG O.N. (DE: LING ) fell 0.13% or 0.25 points to end at 190.50 and Bayerische Motoren Werke AG (DE: BMWG ) was down 0.23% or 0.200 points to 86.580 in late trade.

Biggest losers included Infineon Technologies AG NA O.N. (DE: IFXGn ), which lost 2.79% or 0.705 points to trade at 24.575 in late trade. Adidas AG (DE: ADSGN ) declined 2.42% or 4.55 points to end at 183.10 and Deutsche Lufthansa AG (DE: LHAG ) shed 2.33% or 0.675 points to 28.235.

The top performers on the MDAX were Salzgitter AG (DE: SZGG ) which rose 1.65% to 44.475, Fraport AG (DE: FRAG ) which was up 1.45% to settle at 82.620 and Steinhoff International Holdings NV (DE: SNHG ) which gained 1.34% to close at 3.40.

The worst performers were Lanxess AG (DE: LXSG ) which was down 3.00% to 62.770 in late trade, Kion Group AG (DE: KGX ) which lost 2.99% to settle at 64.62 and Norma Group AG NA O.N. (DE: NOEJ ) which was down 2.98% to 54.330 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE: NDXG ) which rose 5.43% to 7.936, S&T AG (F: SANT1 ) which was up 5.05% to settle at 18.084 and Draegerwerk VZO O.N. (DE: DRWG_p ) which gained 4.59% to close at 75.610.

The worst performers were Medigene NA O.N. (DE: MDG1k ) which was down 5.77% to 11.515 in late trade, Evotec AG O.N. (DE: EVTG ) which lost 2.99% to settle at 13.155 and SMA Solar Technology AG (DE: S92G ) which was down 2.57% to 33.955 at the close.

Declining stocks outnumbered rising ones by 454 to 294 and 37 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 3.78% to 13.22.

In commodities trading, Gold Futures for December delivery was up 0.70% or 8.99 to $1290.69 a troy ounce. Meanwhile, Crude oil for delivery in January rose 1.71% or 0.97 to hit $57.80 a barrel, while the January Brent oil contract rose 0.66% or 0.41 to trade at $62.98 a barrel.

EUR/USD was up 0.43% to 1.1789, while EUR/GBP rose 0.07% to 0.8870.

The US Dollar Index Futures was down 0.49% at 93.43.

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