Germany shares lower at close of trade; DAX down 0.60%

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Germany shares lower at close of trade; DAX down 0.60%
Credit: © Reuters.

Investing.com – Germany equities were lower at the close on Thursday, as losses in the Food & Beverages , Basic Resources and Media sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 0.60%, while the MDAX index declined 1.02%, and the TecDAX index fell 0.70%.

The biggest gainers of the session on the DAX were Vonovia SE (DE: VNAn ), which rose 3.91% or 1.67 points to trade at 44.37 at the close. Beiersdorf AG O.N. (DE: BEIG ) added 1.91% or 1.620 points to end at 86.420 and RWE AG ST O.N. (DE: RWEG ) was up 1.31% or 0.280 points to 21.590 in late trade.

Biggest losers included Deutsche Bank AG NA O.N. (DE: DBKGn ), which lost 5.20% or 0.425 points to trade at 7.747 in late trade. Covestro AG (DE: 1COV ) declined 4.43% or 2.240 points to end at 48.380 and Thyssenkrupp AG O.N. (DE: TKAG ) shed 3.41% or 0.445 points to 12.610.

The top performers on the MDAX were Deutsche Wohnen AG (DE: DWNG ) which rose 2.65% to 41.850, Aroundtown Property Holdings PLC (DE: AT1 ) which was up 2.10% to settle at 7.520 and LEG Immobilien AG (DE: LEGn ) which gained 2.01% to close at 99.460.

The worst performers were Axel Springer SE (DE: SPRGn ) which was down 7.29% to 46.400 in late trade, Hugo Boss AG NA O.N. (DE: BOSSn ) which lost 6.52% to settle at 62.500 and Duerr AG (DE: DUEG ) which was down 5.14% to 35.220 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE: MDG1k ) which rose 1.33% to 8.775, Deutsche Telekom AG Na (DE: DTEGn ) which was up 1.26% to settle at 14.870 and Siemens Healthineers AG (DE: SHLG ) which gained 0.92% to close at 36.65.

The worst performers were SLM Solutions Group AG (DE: AM3D ) which was down 9.09% to 7.50 in late trade, Software AG (DE: SOWGn ) which lost 3.75% to settle at 31.590 and Xing AG (DE: OBCGn ) which was down 3.56% to 298.00 at the close.

Declining stocks outnumbered rising ones by 458 to 241 and 86 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 3.35% to 14.80.

In commodities trading, Gold Futures for April delivery was down 0.07% or 0.85 to $1286.75 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.59% or 0.33 to hit $56.55 a barrel, while the May Brent oil contract rose 0.42% or 0.28 to trade at $66.27 a barrel.

EUR/USD was down 0.81% to 1.1214, while EUR/GBP fell 0.19% to 0.8567.

The US Dollar Index Futures was up 0.66% at 97.438.

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