Germany shares lower at close of trade; DAX down 0.37%

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Germany shares lower at close of trade; DAX down 0.37%
Credit: © Reuters.

Investing.com – Germany equities were lower at the close on Wednesday, as losses in the Food & Beverages , Technology and Retail sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 0.37%, while the MDAX index declined 0.81%, and the TecDAX index lost 1.68%.

The biggest gainers of the session on the DAX were Beiersdorf AG O.N. (DE: BEIG ), which rose 1.37% or 1.240 points to trade at 91.700 at the close. Adidas AG (DE: ADSGN ) added 1.28% or 2.50 points to end at 197.80 and Merck KGaA (DE: MRCG ) was up 1.14% or 0.88 points to 78.10 in late trade.

Biggest losers included Infineon Technologies AG NA O.N. (DE: IFXGn ), which lost 3.01% or 0.640 points to trade at 20.650 in late trade. Deutsche Lufthansa AG (DE: LHAG ) declined 2.92% or 0.750 points to end at 24.970 and Fresenius Medical Care KGAA ST (DE: FMEG ) shed 1.87% or 1.540 points to 80.900.

The top performers on the MDAX were Hugo Boss AG NA O.N. (DE: BOSSn ) which rose 1.30% to 71.820, Tag Immobilien AG (DE: TEGG ) which was up 0.83% to settle at 16.950 and Deutsche Pfandbriefbank AG (DE: PBBG ) which gained 0.81% to close at 12.40.

The worst performers were Steinhoff International Holdings NV (DE: SNHG ) which was down 11.47% to 0.21 in late trade, Krones AG O.N. (DE: KRNG ) which lost 4.03% to settle at 104.800 and Osram Licht AG (F: OSRn ) which was down 3.72% to 56.380 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE: NDXG ) which rose 7.20% to 7.946, S&T AG (F: SANT1 ) which was up 4.24% to settle at 19.190 and Freenet AG NA (DE: FNTGn ) which gained 0.86% to close at 24.760.

The worst performers were Evotec AG O.N. (DE: EVTG ) which was down 6.06% to 14.735 in late trade, Jenoptik AG (DE: JENG ) which lost 5.04% to settle at 26.760 and RIB Software AG Na (DE: RIB ) which was down 5.01% to 19.340 at the close.

Declining stocks outnumbered rising ones by 467 to 227 and 78 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 2.50% to 20.34.

In commodities trading, Gold Futures for June delivery was up 0.10% or 1.30 to $1338.60 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.55% or 0.35 to hit $63.16 a barrel, while the June Brent oil contract fell 0.66% or 0.45 to trade at $67.67 a barrel.

EUR/USD was up 0.19% to 1.2294, while EUR/GBP rose 0.03% to 0.8731.

The US Dollar Index Futures was down 0.16% at 89.71.

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