Germany shares lower at close of trade; DAX down 1.11%

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Germany shares lower at close of trade; DAX down 1.11%
Credit: © Reuters. – Germany equities were lower at the close on Wednesday, as losses in the Consumer & Cyclical , Software and Insurance sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 1.11%, while the MDAX index declined 0.77%, and the TecDAX index declined 1.18%.

The biggest gainers of the session on the DAX were Linde AG O.N. (DE: LING ), which rose 0.58% or 1.05 points to trade at 181.00 at the close. Prosiebensat 1 Media AG (DE: PSMGn ) added 0.24% or 0.070 points to end at 29.000 and Deutsche Post AG NA O.N. (DE: DPWGn ) was down 0.05% or 0.020 points to 40.785 in late trade.

Biggest losers included SAP SE (DE: SAPG ), which lost 2.08% or 2.020 points to trade at 95.000 in late trade. Henkel & Co KGaA AG Pref (DE: HNKG_p ) declined 1.92% or 2.15 points to end at 110.10 and Allianz SE VNA O.N. (DE: ALVG ) shed 1.81% or 3.60 points to 195.35.

The top performers on the MDAX were STADA Arzneimittel VNA O.N. (DE: STAGn ) which rose 8.36% to 88.100, Hella KGaA Hueck & Co (DE: HLE ) which was up 2.99% to settle at 52.36 and Metro AG (DE: MEOG ) which gained 1.23% to close at 11.530.

The worst performers were Steinhoff International Holdings NV (DE: SNHG ) which was down 34.99% to 0.30 in late trade, Hochtief AG (DE: HOTG ) which lost 2.13% to settle at 144.40 and Deutsche Wohnen AG (DE: DWNG ) which was down 2.07% to 36.840 at the close.

The top performers on the TecDAX were Dialog Semiconductor (DE: DLGS ) which rose 0.83% to 25.360, Adva Optical Networking SE (DE: ADAG ) which was up 0.81% to settle at 6.083 and Draegerwerk VZO O.N. (DE: DRWG_p ) which gained 0.52% to close at 71.770.

The worst performers were Aixtron SE (DE: AIXGn ) which was down 8.94% to 11.965 in late trade, Evotec AG O.N. (DE: EVTG ) which lost 3.70% to settle at 13.030 and S&T AG (F: SANT1 ) which was down 3.50% to 17.299 at the close.

Declining stocks outnumbered rising ones by 557 to 227 and 37 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 10.03% to 13.24.

In commodities trading, Gold Futures for February delivery was up 0.36% or 4.50 to $1268.70 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.61% or 0.35 to hit $57.91 a barrel, while the February Brent oil contract rose 0.56% or 0.36 to trade at $64.16 a barrel.

EUR/USD was up 0.32% to 1.1877, while EUR/GBP rose 0.16% to 0.8858.

The US Dollar Index Futures was down 0.18% at 92.88.

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