Germany shares lower at close of trade; DAX down 2.32%

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Germany shares lower at close of trade; DAX down 2.32% – Germany equities were lower at the close on Tuesday, as losses in the Insurance , Software and Pharmaceuticals & Healthcare sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 2.32% to hit a new 3-month low, while the MDAX index fell 1.85%, and the TecDAX index declined 2.89%.

The biggest gainers of the session on the DAX were Deutsche Post AG NA O.N. (DE: DPWGn ), which fell 0.11% or 0.040 points to trade at 37.110 at the close. Deutsche Lufthansa AG (DE: LHAG ) fell 1.13% or 0.320 points to end at 27.990 and Heidelbergcement AG O.N. (DE: HEIG ) was down 1.18% or 1.000 points to 83.700 in late trade.

Biggest losers included Muench. Rueckvers. VNA O.N. (DE: MUVGn ), which lost 5.33% or 10.15 points to trade at 180.35 in late trade. Commerzbank AG O.N. (DE: CBKG ) declined 4.50% or 0.582 points to end at 12.352 and Allianz SE VNA O.N. (DE: ALVG ) shed 3.80% or 7.54 points to 190.70.

The top performers on the MDAX were CTS Eventim AG (DE: EVDG ) which rose 0.86% to 39.900, Alstria Office Reit-Ag (DE: AOXG ) which was up 0.49% to settle at 12.400 and MTU Aero Engines NA O.N. (DE: MTXGn ) which lost 0.07% to close at 137.50.

The worst performers were Gerresheimer AG (BS: GXId ) which was down 4.78% to 64.653 in late trade, Krones AG O.N. (DE: KRNG ) which lost 4.11% to settle at 104.900 and Deutsche Pfandbriefbank AG (DE: PBBG ) which was down 3.85% to 13.98 at the close.

The top performers on the TecDAX were Siltronic AG (DE: WAFGn ) which rose 2.20% to 123.100, Aixtron SE (DE: AIXGn ) which was up 0.57% to settle at 11.500 and Wirecard AG (DE: WDIG ) which unchanged 0.00% to close at 93.680.

The worst performers were Jenoptik AG (DE: JENG ) which was down 9.05% to 29.940 in late trade, Evotec AG O.N. (DE: EVTG ) which lost 5.79% to settle at 13.590 and Pfeiffer Vacuum Technology O.N. (DE: PV ) which was down 5.24% to 150.10 at the close.

Declining stocks outnumbered rising ones by 719 to 79 and 19 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 32.75% to 25.55 a new 52-week high.

In commodities trading, Gold Futures for April delivery was down 0.34% or 4.50 to $1332.00 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.42% or 0.27 to hit $63.88 a barrel, while the April Brent oil contract fell 0.71% or 0.48 to trade at $67.14 a barrel.

EUR/USD was up 0.22% to 1.2395, while EUR/GBP rose 0.14% to 0.8871.

The US Dollar Index Futures was down 0.17% at 89.42.

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