Germany shares lower at close of trade; DAX down 1.57%

Investing.com – Germany equities were lower at the close on Wednesday, as losses in the Pharmaceuticals & Healthcare , Basic Resources and Transportation & Logistics sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 1.57%, while the MDAX index fell 1.24%, and the TecDAX index declined 0.96%.

The biggest gainers of the session on the DAX were Fresenius SE & Co KGAA O.N. (DE: FREG ), which rose 1.41% or 0.690 points to trade at 49.510 at the close. Beiersdorf AG O.N. (DE: BEIG ) added 1.40% or 1.220 points to end at 88.560 and E.ON SE NA (DE: EONGn ) was up 1.34% or 0.130 points to 9.824 in late trade.

Biggest losers included Bayer AG NA (DE: BAYGN ), which lost 10.09% or 7.03 points to trade at 62.67 in late trade. Bayerische Motoren Werke AG (DE: BMWG ) declined 4.94% or 3.740 points to end at 71.980 and Wirecard AG (DE: WDIG ) shed 3.60% or 4.000 points to 107.100.

The top performers on the MDAX were Gerresheimer AG (DE: GXIG ) which rose 2.14% to 69.300, Jungheinrich AG O.N.VZO (DE: JUNG_p ) which was up 1.97% to settle at 27.940 and Morphosys AG O.N. (DE: MORG ) which gained 0.90% to close at 84.3500.

The worst performers were Fuchs Petrolub AG VZO Pref (DE: FPEG_p ) which was down 6.24% to 38.160 in late trade, Hannover Rueck SE (DE: HNRGn ) which lost 4.08% to settle at 126.80 and Norma Group AG NA O.N. (DE: NOEJ ) which was down 3.62% to 44.780 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE: MDG1k ) which rose 1.60% to 8.875, Xing AG (DE: OBCGn ) which was up 1.14% to settle at 309.50 and Morphosys AG O.N. (DE: MORG ) which gained 0.90% to close at 84.350.

The worst performers were Wirecard AG (DE: WDIG ) which was down 3.60% to 107.100 in late trade, Isra Vision O.N. (DE: ISRG ) which lost 3.11% to settle at 34.25 and Aixtron SE NA O.N. (DE: AIXGn ) which was down 2.29% to 8.1200 at the close.

Declining stocks outnumbered rising ones by 511 to 201 and 64 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 12.23% to 14.96.

In commodities trading, Gold Futures for April delivery was up 0.60% or 7.85 to $1314.35 a troy ounce. Meanwhile, Crude oil for delivery in May rose 1.16% or 0.69 to hit $59.98 a barrel, while the May Brent oil contract rose 0.99% or 0.67 to trade at $68.28 a barrel.

EUR/USD was up 0.55% to 1.1411, while EUR/GBP rose 0.87% to 0.8626.

The US Dollar Index Futures was down 0.41% at 95.442.