Germany shares lower at close of trade; DAX down 1.70%

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Germany shares lower at close of trade; DAX down 1.70%
Credit: © Reuters.

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

At the close in Frankfurt, the DAX fell 1.70%, while the MDAX index fell 1.56%, and the TecDAX index declined 3.16%.

The biggest gainers of the session on the DAX were Deutsche Boerse AG (DE: DB1Gn ), which rose 0.54% or 0.600 points to trade at 111.700 at the close. Beiersdorf AG O.N. (DE: BEIG ) added 0.39% or 0.340 points to end at 87.260 and Vonovia SE (DE: VNAn ) was up 0.36% or 0.14 points to 39.55 in late trade.

Biggest losers included Commerzbank AG O.N. (DE: CBKG ), which lost 6.14% or 0.732 points to trade at 11.190 in late trade. Deutsche Bank AG NA O.N. (DE: DBKGn ) declined 2.98% or 0.358 points to end at 11.650 and Infineon Technologies AG NA O.N. (DE: IFXGn ) shed 2.77% or 0.640 points to 22.490.

The top performers on the MDAX were LEG Immobilien AG (DE: LEGn ) which rose 0.50% to 88.920, Deutsche Wohnen AG (DE: DWNG ) which was up 0.42% to settle at 36.060 and Uniper SE (DE: UN01 ) which unchanged 0.00% to close at 24.000.

The worst performers were CTS Eventim AG (DE: EVDG ) which was down 9.57% to 36.480 in late trade, Zalando SE (DE: ZALG ) which lost 4.45% to settle at 44.86 and Fuchs Petrolub AG VZO Pref (DE: FPEG_p ) which was down 3.93% to 45.440 at the close.

The top performers on the TecDAX were Jenoptik AG (DE: JENG ) which rose 1.59% to 28.140, Carl Zeiss Meditec AG (DE: AFXG ) which was up 0.08% to settle at 49.600 and Morphosys AG O.N. (DE: MORG ) which lost 0.64% to close at 84.950.

The worst performers were Medigene NA O.N. (DE: MDG1k ) which was down 10.05% to 14.680 in late trade, United Internet AG NA (DE: UTDI ) which lost 9.46% to settle at 51.500 and Adva Optical Networking SE (DE: ADAG ) which was down 6.90% to 5.400 at the close.

Declining stocks outnumbered rising ones by 620 to 114 and 63 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 20.98% to 20.34.

In commodities trading, Gold Futures for April delivery was up 0.26% or 3.50 to $1325.00 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.98% or 0.64 to hit $64.53 a barrel, while the May Brent oil contract fell 0.52% or 0.36 to trade at $69.11 a barrel.

EUR/USD was down 0.34% to 1.2296, while EUR/GBP fell 0.05% to 0.8721.

The US Dollar Index Futures was up 0.28% at 89.53.

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