Germany shares lower at close of trade; DAX down 2.62%

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Germany shares lower at close of trade; DAX down 2.62%
Credit: © Reuters. – Germany equities were lower at the close on Thursday, as losses in the Technology , Transportation & Logistics and Basic Resources sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 2.62% to hit a new 3-month low, while the MDAX index declined 2.51%, and the TecDAX index lost 4.03%.

The biggest gainers of the session on the DAX were RWE AG ST O.N. (DE: RWEG ), which fell 0.29% or 0.045 points to trade at 15.510 at the close. Daimler AG NA O.N. (DE: DAIGn ) fell 0.45% or 0.320 points to end at 70.330 and Merck KGaA (DE: MRCG ) was down 1.04% or 0.86 points to 82.18 in late trade.

Biggest losers included Infineon Technologies AG NA O.N. (DE: IFXGn ), which lost 5.38% or 1.210 points to trade at 21.260 in late trade. Deutsche Lufthansa AG (DE: LHAG ) declined 5.23% or 1.460 points to end at 26.460 and Volkswagen AG VZO O.N. (DE: VOWG_p ) shed 3.84% or 6.58 points to 164.80.

The top performers on the MDAX were Innogy SE (DE: IGY ) which rose 1.52% to 30.800, Hannover Rueck SE (DE: HNRGn ) which was up 0.83% to settle at 109.50 and Stroeer SE (DE: SAXG ) which gained 0.34% to close at 59.200.

The worst performers were Steinhoff International Holdings NV (DE: SNHG ) which was down 8.89% to 0.40 in late trade, Wacker Chemie O.N. (DE: WCHG ) which lost 5.86% to settle at 139.85 and Covestro AG (DE: 1COV ) which was down 5.47% to 85.060 at the close.

The top performers on the TecDAX were Slm Solution G (DE: AM3D ) which fell 1.02% to 38.85, Telefonica Deutschland Holding AG (DE: O2Dn ) which was down 1.64% to settle at 3.908 and CompuGroup Medical AG O.N. (DE: COPMa ) which lost 1.68% to close at 46.880.

The worst performers were Medigene NA O.N. (DE: MDG1k ) which was down 10.61% to 15.510 in late trade, S&T AG (F: SANT1 ) which lost 9.88% to settle at 19.880 and Siltronic AG (DE: WAFGn ) which was down 8.58% to 112.900 at the close.

Declining stocks outnumbered rising ones by 594 to 153 and 54 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 28.35% to 26.57 a new 52-week high.

In commodities trading, Gold Futures for April delivery was up 0.40% or 5.20 to $1319.80 a troy ounce. Meanwhile, Crude oil for delivery in March fell 1.36% or 0.84 to hit $60.95 a barrel, while the April Brent oil contract fell 1.11% or 0.73 to trade at $64.78 a barrel.

EUR/USD was down 0.23% to 1.2234, while EUR/GBP fell 0.46% to 0.8795.

The US Dollar Index Futures was up 0.12% at 90.27.

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