Germany shares lower at close of trade; DAX down 0.74%

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Germany shares lower at close of trade; DAX down 0.74%
Credit: © Reuters. – Germany equities were lower at the close on Friday, as losses in the Basic Resources , Technology and Insurance sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 0.74%, while the MDAX index lost 0.81%, and the TecDAX index declined 2.72%.

The biggest gainers of the session on the DAX were E.ON SE NA (DE: EONGn ), which rose 2.34% or 0.217 points to trade at 9.489 at the close. Continental AG O.N. (DE: CONG ) added 2.13% or 4.70 points to end at 225.20 and Beiersdorf AG O.N. (DE: BEIG ) was up 1.35% or 1.340 points to 100.700 in late trade.

Biggest losers included Commerzbank AG O.N. (DE: CBKG ), which lost 4.18% or 0.389 points to trade at 8.908 in late trade. Deutsche Lufthansa AG (DE: LHAG ) declined 3.73% or 0.890 points to end at 22.950 and Muench. Rueckvers. VNA O.N. (DE: MUVGn ) shed 1.91% or 3.55 points to 182.05.

The top performers on the MDAX were Metro AG (DE: MEOG ) which rose 4.52% to 8.650, Fraport AG (DE: FRAG ) which was up 2.02% to settle at 86.720 and Tag Immobilien AG (DE: TEGG ) which gained 1.41% to close at 18.750.

The worst performers were Krones AG O.N. (DE: KRNG ) which was down 6.09% to 109.400 in late trade, Aurubis AG (DE: NAFG ) which lost 3.53% to settle at 68.400 and Aareal Bank AG (DE: ARLG ) which was down 2.69% to 37.640 at the close.

The top performers on the TecDAX were United Internet AG NA (DE: UTDI ) which rose 0.72% to 58.500, SMA Solar Technology AG (DE: S92G ) which was up 0.24% to settle at 42.100 and S&T AG (F: SANT1 ) which lost 0.09% to close at 22.160.

The worst performers were Sartorius AG VZO O.N. (DE: SATG_p ) which was down 6.54% to 124.300 in late trade, Jenoptik AG (DE: JENG ) which lost 5.14% to settle at 35.780 and Siltronic AG (DE: WAFGn ) which was down 4.61% to 138.700 at the close.

Declining stocks outnumbered rising ones by 490 to 214 and 85 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 3.84% to 13.27.

In commodities trading, Gold Futures for August delivery was down 2.25% or 29.50 to $1278.80 a troy ounce. Meanwhile, Crude oil for delivery in July fell 3.20% or 2.14 to hit $64.75 a barrel, while the August Brent oil contract fell 3.40% or 2.58 to trade at $73.36 a barrel.

EUR/USD was up 0.32% to 1.1605, while EUR/GBP rose 0.19% to 0.8740.

The US Dollar Index Futures was down 0.13% at 94.81.

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