Germany shares lower at close of trade; DAX down 1.97%

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Germany shares lower at close of trade; DAX down 1.97%
Credit: © Reuters. – Germany equities were lower at the close on Thursday, as losses in the Software , Consumer & Cyclical and Technology sectors propelled shares lower.

At the close in Frankfurt, the DAX declined 1.97%, while the MDAX index declined 1.84%, and the TecDAX index lost 2.57%.

The biggest gainers of the session on the DAX were RWE AG ST O.N. (DE: RWEG ), which fell 0.52% or 0.085 points to trade at 16.325 at the close. Henkel & Co KGaA AG Pref (DE: HNKG_p ) fell 0.64% or 0.70 points to end at 108.60 and Heidelbergcement AG O.N. (DE: HEIG ) was down 0.82% or 0.680 points to 82.060 in late trade.

Biggest losers included Beiersdorf AG O.N. (DE: BEIG ), which lost 4.48% or 4.040 points to trade at 86.080 in late trade. Fresenius SE & Co KGAA O.N. (DE: FREG ) declined 3.58% or 2.400 points to end at 64.700 and Adidas AG (DE: ADSGN ) shed 3.56% or 6.50 points to 176.10.

The top performers on the MDAX were Kion Group AG (DE: KGX ) which rose 3.77% to 73.14, Gerresheimer AG (BS: GXId ) which was up 1.19% to settle at 63.900 and Suedzucker AG (DE: SZUG ) which gained 0.20% to close at 14.790.

The worst performers were Steinhoff International Holdings NV (DE: SNHG ) which was down 11.78% to 0.36 in late trade, Zalando SE (DE: ZALG ) which lost 6.08% to settle at 44.05 and Leoni AG (DE: LEOGn ) which was down 5.44% to 53.140 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE: S92G ) which rose 1.94% to 50.400, Pfeiffer Vacuum Technology O.N. (DE: PV ) which was up 0.20% to settle at 146.70 and Morphosys AG O.N. (DE: MORG ) which lost 0.12% to close at 82.050.

The worst performers were Freenet AG NA (DE: FNTGn ) which was down 6.89% to 26.500 in late trade, Dialog Semiconductor (DE: DLGS ) which lost 5.49% to settle at 25.140 and Medigene NA O.N. (DE: MDG1k ) which was down 5.44% to 16.850 at the close.

Declining stocks outnumbered rising ones by 613 to 132 and 61 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 13.09% to 21.92.

In commodities trading, Gold Futures for April delivery was down 0.59% or 7.80 to $1310.10 a troy ounce. Meanwhile, Crude oil for delivery in April fell 1.02% or 0.63 to hit $61.01 a barrel, while the May Brent oil contract fell 1.27% or 0.82 to trade at $63.91 a barrel.

EUR/USD was up 0.16% to 1.2212, while EUR/GBP rose 0.26% to 0.8884.

The US Dollar Index Futures was down 0.02% at 90.59.

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