Germany shares lower at close of trade; DAX down 1.48%

Investing.com – Germany equities were lower at the close on Thursday, as losses in the Insurance , Chemicals and Construction sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 1.48% to hit a new 52-week low, while the MDAX index declined 1.43%, and the TecDAX index declined 0.26%.

The biggest gainers of the session on the DAX were Bayer AG NA (DE: BAYGN ), which rose 3.08% or 2.31 points to trade at 77.32 at the close. Wirecard AG (DE: WDIG ) added 2.11% or 3.300 points to end at 159.550 and RWE AG ST O.N. (DE: RWEG ) was up 1.26% or 0.215 points to 17.320 in late trade.

Biggest losers included Merck KGaA (DE: MRCG ), which lost 3.99% or 3.58 points to trade at 86.16 in late trade. Allianz SE VNA O.N. (DE: ALVG ) declined 3.38% or 6.38 points to end at 182.28 and Thyssenkrupp AG O.N. (DE: TKAG ) shed 3.11% or 0.640 points to 19.920.

The top performers on the MDAX were Metro AG (DE: MEOG ) which rose 7.02% to 4.694, Siltronic AG (DE: WAFGn ) which was up 2.08% to settle at 92.280 and Morphosys AG O.N. (DE: MORG ) which gained 1.90% to close at 80.3500.

The worst performers were Osram Licht AG (DE: OSRn ) which was down 5.48% to 30.00 in late trade, Deutsche Pfandbriefbank AG (DE: PBBG ) which lost 4.42% to settle at 12.33 and Hannover Rueck SE (DE: HNRGn ) which was down 3.97% to 116.10 at the close.

The top performers on the TecDAX were Dialog Semiconductor (DE: DLGS ) which rose 26.70% to 21.0000, Metro AG ST O.N. (DE: CECG ) which was up 6.57% to settle at 4.674 and Tele Columbus AG (DE: TC1n ) which gained 5.10% to close at 2.88.

The worst performers were Heidelberger Druckmaschinen O.N. (DE: HDDG ) which was down 8.33% to 2.0260 in late trade, Aumann AG (DE: AAGG ) which lost 6.93% to settle at 44.3500 and Indus Holding AG (DE: INHG ) which was down 5.62% to 47.000 at the close.

Declining stocks outnumbered rising ones by 610 to 127 and 41 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 9.53% to 18.73 a new 1-month high.

In commodities trading, Gold Futures for December delivery was up 2.53% or 30.20 to $1223.60 a troy ounce. Meanwhile, Crude oil for delivery in November fell 1.98% or 1.45 to hit $71.72 a barrel, while the December Brent oil contract fell 2.12% or 1.76 to trade at $81.33 a barrel.

EUR/USD was up 0.47% to 1.1576, while EUR/GBP rose 0.41% to 0.8769.

The US Dollar Index Futures was down 0.38% at 94.86.