Germany shares lower at close of trade; DAX down 1.47%

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Germany shares lower at close of trade; DAX down 1.47%
Credit: © Reuters. – Germany equities were lower at the close on Wednesday, as losses in the Basic Resources , Chemicals and Insurance sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 1.47%, while the MDAX index fell 1.07%, and the TecDAX index fell 0.78%.

The biggest gainers of the session on the DAX were SAP SE (DE: SAPG ), which rose 0.32% or 0.310 points to trade at 96.420 at the close. Deutsche Telekom AG Na (DE: DTEGn ) fell 0.11% or 0.015 points to end at 13.520 and Beiersdorf AG O.N. (DE: BEIG ) was down 0.12% or 0.120 points to 98.520 in late trade.

Biggest losers included Deutsche Lufthansa AG (DE: LHAG ), which lost 3.74% or 0.940 points to trade at 24.180 in late trade. Linde AG 1 (DE: LIN1 ) declined 3.14% or 6.2000 points to end at 191.3500 and Volkswagen AG VZO O.N. (DE: VOWG_p ) shed 2.74% or 4.84 points to 171.76.

The top performers on the MDAX were CTS Eventim AG (DE: EVDG ) which rose 4.15% to 40.620, Grand City Properties SA (DE: GYC ) which was up 0.86% to settle at 21.00 and Prosiebensat 1 Media AG (DE: PSMGn ) which gained 0.64% to close at 26.8200.

The worst performers were Wacker Chemie O.N. (DE: WCHG ) which was down 3.63% to 149.85 in late trade, Salzgitter AG (DE: SZGG ) which lost 3.36% to settle at 46.910 and Kion Group AG (DE: KGX ) which was down 2.86% to 71.40 at the close.

The top performers on the TecDAX were Evotec AG O.N. (DE: EVTG ) which rose 0.99% to 14.255, Sartorius AG VZO O.N. (DE: SATG_p ) which was up 0.44% to settle at 137.600 and Wirecard AG (DE: WDIG ) which gained 0.40% to close at 126.650.

The worst performers were RIB Software AG Na (DE: RIB ) which was down 4.19% to 20.600 in late trade, SLM Solutions Group AG (DE: AM3D ) which lost 3.37% to settle at 32.95 and SMA Solar Technology AG (DE: S92G ) which was down 3.30% to 58.600 at the close.

Declining stocks outnumbered rising ones by 512 to 204 and 71 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 13.51% to 16.66 a new 1-month high.

In commodities trading, Gold Futures for June delivery was down 0.02% or 0.30 to $1291.70 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.58% or 0.42 to hit $71.78 a barrel, while the July Brent oil contract fell 0.44% or 0.35 to trade at $79.22 a barrel.

EUR/USD was down 0.62% to 1.1707, while EUR/GBP fell 0.02% to 0.8768.

The US Dollar Index Futures was up 0.41% at 93.89.

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