Germany shares lower at close of trade; DAX down 1.03%

Investing.com – Germany equities were lower at the close on Friday, as losses in the Insurance , Industrials and Transportation & Logistics sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 1.03%, while the MDAX index declined 0.86%, and the TecDAX index lost 0.57%.

The biggest gainers of the session on the DAX were RWE AG ST O.N. (DE: RWEG ), which rose 4.71% or 0.545 points to trade at 12.120 at the close. Bayer AG NA (DE: BAYGN ) added 1.36% or 1.200 points to end at 89.340 and Vonovia SE (DE: VNAn ) was up 1.13% or 0.35 points to 31.25 in late trade.

Biggest losers included Deutsche Bank AG NA O.N. (DE: DBKGn ), which lost 3.82% or 0.595 points to trade at 15.000 in late trade. Volkswagen AG VZO O.N. (DE: VOWG_p ) declined 2.94% or 3.950 points to end at 130.200 and Bay.Motoren Werke AG ST (DE: BMWG ) shed 2.40% or 1.780 points to 72.270.

The top performers on the MDAX were Deutsche Euroshop AG O.N. (DE: DEQGn ) which rose 2.83% to 41.475, Tag Immobilien AG (DE: TEGG ) which was up 1.73% to settle at 12.320 and Deutsche Wohnen AG Inh (DE: DWNG ) which gained 1.40% to close at 29.270.

The worst performers were Deutsche Pfandbriefbank AG (DE: PBBG ) which was down 5.55% to 9.70 in late trade, Airbus Group (F: AIRG ) which lost 3.90% to settle at 53.190 and Hella KGaA Hueck & Co (DE: HLE ) which was down 3.31% to 33.78 at the close.

The top performers on the TecDAX were Siltronic AG (DE: WAFGn ) which rose 2.68% to 15.300, CompuGroup Medical AG O.N. (DE: COPMa ) which was up 1.95% to settle at 37.670 and Cancom SE O.N. (DE: COKG ) which gained 1.59% to close at 51.250.

The worst performers were Suess Microtec NA O.N. (DE: SMHNn ) which was down 4.88% to 7.213 in late trade, Slm Solution G (DE: AM3D ) which lost 1.94% to settle at 25.00 and Sartorius AG VZO O.N. (DE: SATG_p ) which was down 1.85% to 255.000 at the close.

Declining stocks outnumbered rising ones by 595 to 275 and 32 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 2.38% to 21.12.

In commodities trading, Gold for August delivery was up 2.45% or 29.65 to $1242.25 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.77% or 0.38 to hit $48.79 a barrel, while the August Brent oil contract fell 0.58% or 0.29 to trade at $49.75 a barrel.

EUR/USD was up 1.60% to 1.1331, while EUR/GBP rose 0.92% to 0.7803.

The US Dollar Index was down 1.49% at 94.14.