Germany shares lower at close of trade; DAX down 1.58%

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Germany shares lower at close of trade; DAX down 1.58% – Germany equities were lower at the close on Wednesday, as losses in the Technology , Pharmaceuticals & Healthcare and Chemicals sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 1.58% to hit a new 3-month low, while the MDAX index fell 1.47%, and the TecDAX index declined 2.42%.

The biggest gainers of the session on the DAX were Vonovia SE (DE: VNAn ), which fell 0.09% or 0.04 points to trade at 42.50 at the close. Merck KGaA (DE: MRCG ) fell 0.13% or 0.12 points to end at 89.64 and Allianz SE VNA O.N. (DE: ALVG ) was down 0.43% or 0.80 points to 184.00 in late trade.

Biggest losers included Thyssenkrupp AG O.N. (DE: TKAG ), which lost 3.86% or 0.780 points to trade at 19.430 in late trade. Bayer AG NA (DE: BAYGN ) declined 3.55% or 2.97 points to end at 80.79 and Infineon Technologies AG NA O.N. (DE: IFXGn ) shed 3.51% or 0.770 points to 21.150.

The top performers on the MDAX were Aroundtown Property Holdings PLC (DE: AT1 ) which rose 1.14% to 7.095, Grand City Properties SA (DE: GYC ) which was up 0.61% to settle at 23.28 and Aareal Bank AG (DE: ARLG ) which gained 0.55% to close at 36.850.

The worst performers were Leoni AG (DE: LEOGn ) which was down 12.70% to 37.310 in late trade, K+S AG NA O.N. (DE: SDFGn ) which lost 4.87% to settle at 19.045 and Symrise AG Inh. O.N. (DE: SY1G ) which was down 3.11% to 77.900 at the close.

The top performers on the TecDAX were Cancom SE O.N. (DE: COKG ) which rose 2.35% to 40.040, Bechtle AG (DE: BC8G ) which was up 0.52% to settle at 86.450 and S&T AG (DE: SANT1 ) which gained 0.32% to close at 25.24.

The worst performers were Drillisch AG (DE: DRIG ) which was down 7.50% to 44.620 in late trade, Evotec AG O.N. (DE: EVTG ) which lost 5.41% to settle at 19.485 and Wirecard AG (DE: WDIG ) which was down 5.27% to 161.375 at the close.

Declining stocks outnumbered rising ones by 581 to 139 and 60 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 12.54% to 20.34 a new 3-month high.

In commodities trading, Gold Futures for December delivery was down 1.45% or 17.40 to $1183.30 a troy ounce. Meanwhile, Crude oil for delivery in September fell 3.51% or 2.35 to hit $64.69 a barrel, while the October Brent oil contract fell 2.64% or 1.91 to trade at $70.55 a barrel.

EUR/USD was down 0.08% to 1.1336, while EUR/GBP rose 0.12% to 0.8928.

The US Dollar Index Futures was up 0.10% at 96.65.

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