Germany shares lower at close of trade; DAX down 1.39%

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Germany shares lower at close of trade; DAX down 1.39%
Credit: © Reuters. – Germany equities were lower at the close on Monday, as losses in the Food & Beverages , Technology and Software sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 1.39%, while the MDAX index fell 0.19%, and the TecDAX index declined 1.08%.

The biggest gainers of the session on the DAX were Beiersdorf AG O.N. (DE: BEIG ), which rose 0.50% or 0.440 points to trade at 87.720 at the close. Vonovia SE (DE: VNAn ) added 0.13% or 0.05 points to end at 38.75 and Commerzbank AG O.N. (DE: CBKG ) was up 0.05% or 0.006 points to 11.926 in late trade.

Biggest losers included Deutsche Bank AG NA O.N. (DE: DBKGn ), which lost 2.27% or 0.292 points to trade at 12.550 in late trade. Henkel & Co KGaA AG Pref (DE: HNKG_p ) declined 2.26% or 2.50 points to end at 107.90 and Infineon Technologies AG NA O.N. (DE: IFXGn ) shed 2.16% or 0.500 points to 22.700.

The top performers on the MDAX were GEA Group AG (DE: G1AG ) which rose 2.44% to 36.160, Talanx AG NA O.N. (DE: TLXGn ) which was up 1.94% to settle at 35.820 and Tag Immobilien AG (DE: TEGG ) which gained 1.66% to close at 15.900.

The worst performers were Steinhoff International Holdings NV (DE: SNHG ) which was down 4.44% to 0.26 in late trade, Suedzucker AG (DE: SZUG ) which lost 2.48% to settle at 14.745 and Uniper SE (DE: UN01 ) which was down 2.34% to 23.400 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE: S92G ) which rose 2.18% to 56.350, Morphosys AG O.N. (DE: MORG ) which was up 2.09% to settle at 85.650 and Sartorius AG VZO O.N. (DE: SATG_p ) which gained 1.02% to close at 118.300.

The worst performers were RIB Software AG Na (DE: RIB ) which was down 10.90% to 31.540 in late trade, Aixtron SE (DE: AIXGn ) which lost 8.73% to settle at 17.628 and Medigene NA O.N. (DE: MDG1k ) which was down 4.03% to 16.650 at the close.

Declining stocks outnumbered rising ones by 499 to 209 and 86 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 17.78% to 18.18.

In commodities trading, Gold Futures for April delivery was up 0.41% or 5.40 to $1317.70 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.46% or 0.29 to hit $62.12 a barrel, while the May Brent oil contract fell 0.20% or 0.13 to trade at $66.08 a barrel.

EUR/USD was up 0.39% to 1.2338, while EUR/GBP fell 0.36% to 0.8787.

The US Dollar Index Futures was down 0.41% at 89.43.

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