Germany shares lower at close of trade; DAX down 6.82%

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Germany shares lower at close of trade; DAX down 6.82%
Credit: © Reuters. – Germany equities were lower at the close on Friday, as losses in the Insurance , Utilities and Transportation & Logistics sectors propelled shares lower.

At the close in Frankfurt, the DAX declined 6.82%, while the MDAX index lost 4.54%, and the TecDAX index declined 3.35%.

The biggest gainers of the session on the DAX were Continental AG O.N. (DE: CONG ), which unchanged 0.00% or 0.000 points to trade at 196.800 at the close. Heidelbergcement AG O.N. (DE: HEIG ) unchanged 0.00% or 0.000 points to end at 75.750 and Henkel AG & Co Kgaa Vzo (DE: HNKG ) was down 0.33% or 0.350 points to 104.700 in late trade.

Biggest losers included Deutsche Bank AG NA O.N. (DE: DBKGn ), which lost 14.13% or 2.200 points to trade at 13.365 in late trade. Commerzbank AG O.N. (DE: CBKG ) declined 12.99% or 0.926 points to end at 6.201 and Thyssenkrupp AG O.N. (DE: TKAG ) shed 12.39% or 2.465 points to 17.425.

The top performers on the MDAX were DMG Mori Seiki AG (DE: GILG ) which rose 0.09% to 42.180, Symrise AG Inh. O.N. (DE: SY1G ) which was down 0.12% to settle at 57.650 and Kuka AG (DE: KU2G ) which lost 0.28% to close at 107.350.

The worst performers were Hugo Boss AG NA O.N. (DE: BOSSn ) which was down 11.14% to 50.090 in late trade, Leoni AG NA O.N. (DE: LEOGn ) which lost 8.88% to settle at 27.770 and Aareal Bank AG (DE: ARLG ) which was down 8.68% to 29.000 at the close.

The top performers on the TecDAX were Carl Zeiss Meditec AG (DE: AFXG ) which rose 1.47% to 34.195, Nordex SE O.N. (DE: NDXG ) which was unchanged 0.00% to settle at 27.355 and Aixtron SE NA O.N. (DE: AIXGn ) which lost 0.55% to close at 5.430.

The worst performers were GFT Technologies AG (DE: GFTG ) which was down 11.06% to 19.145 in late trade, SMA Solar Technology AG (DE: S92G ) which lost 8.44% to settle at 44.000 and Adva Optical Networking SE (DE: ADAG ) which was down 8.22% to 7.791 at the close.

Declining stocks outnumbered rising ones by 781 to 159 and 10 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was unchanged 0.00% to 25.38.

In commodities trading, Gold for August delivery was up 4.71% or 59.50 to $1322.60 a troy ounce. Meanwhile, Crude oil for delivery in August fell 4.59% or 2.30 to hit $47.81 a barrel, while the August Brent oil contract fell 4.64% or 2.36 to trade at $48.55 a barrel.

EUR/USD was down 2.34% to 1.1117, while EUR/GBP rose 7.06% to 0.8191.

The US Dollar Index was up 2.42% at 95.59.

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