Germany shares lower at close of trade; DAX down 0.48%

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Germany shares lower at close of trade; DAX down 0.48%
Credit: © Reuters. – Germany equities were lower at the close on Wednesday, as losses in the Basic Resources , Financial Services and Retail sectors propelled shares lower.

At the close in Frankfurt, the DAX declined 0.48%, while the MDAX index fell 0.88%, and the TecDAX index lost 0.76%.

The biggest gainers of the session on the DAX were Volkswagen AG VZO O.N. (DE: VOWG_p ), which rose 1.45% or 1.95 points to trade at 136.35 at the close. SAP SE (DE: SAPG ) added 0.27% or 0.240 points to end at 90.500 and BASF SE NA O.N. (DE: BASFN ) was up 0.14% or 0.120 points to 88.700 in late trade.

Biggest losers included Deutsche Boerse AG Z.UMT. (DE: DB11 ), which lost 2.90% or 2.37 points to trade at 79.49 in late trade. Linde AG O.N. (DE: LING ) declined 1.86% or 2.85 points to end at 150.30 and Deutsche Bank AG NA O.N. (DE: DBKGn ) shed 1.72% or 0.275 points to 15.730.

The top performers on the MDAX were Norma Group AG NA O.N. (DE: NOEJ ) which rose 2.35% to 42.005, Evonik Industries AG (DE: EVKn ) which was up 1.09% to settle at 29.590 and Wacker Chemie O.N. (DE: WCHG ) which gained 0.95% to close at 100.45.

The worst performers were Talanx AG NA O.N. (DE: TLXGn ) which was down 3.90% to 31.415 in late trade, Krones AG O.N. (DE: KRNG ) which lost 3.23% to settle at 100.450 and Jungheinrich AG O.N.VZO (DE: JUNG_p ) which was down 2.21% to 28.955 at the close.

The top performers on the TecDAX were Jenoptik AG (DE: JENG ) which rose 2.14% to 21.930, Siltronic AG (DE: WAFGn ) which was up 1.54% to settle at 56.750 and S&T AG (F: SANT1 ) which gained 1.49% to close at 10.378.

The worst performers were Medigene NA O.N. (DE: MDG1k ) which was down 7.18% to 10.400 in late trade, Slm Solution G (DE: AM3D ) which lost 5.18% to settle at 37.00 and Carl Zeiss Meditec AG (DE: AFXG ) which was down 4.99% to 38.935 at the close.

Declining stocks outnumbered rising ones by 537 to 194 and 35 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 3.68% to 14.13.

In commodities trading, Gold Futures for April delivery was up 0.20% or 2.50 to $1249.00 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.83% or 0.40 to hit $47.84 a barrel, while the May Brent oil contract fell 1.00% or 0.51 to trade at $50.45 a barrel.

EUR/USD was up 0.01% to 1.0811, while EUR/GBP fell 0.01% to 0.8662.

The US Dollar Index Futures was down 0.15% at 99.40.

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