Germany shares lower at close of trade; DAX down 1.39%

Investing.com – Germany equities were lower at the close on Wednesday, as losses in the Software , Technology and Telecoms sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 1.39% to hit a new 3-month low, while the MDAX index fell 1.12%, and the TecDAX index lost 2.48%.

The biggest gainers of the session on the DAX were Commerzbank AG O.N. (DE: CBKG ), which rose 3.15% or 0.259 points to trade at 8.487 at the close. Deutsche Bank AG NA O.N. (DE: DBKGn ) added 0.33% or 0.032 points to end at 9.871 and Vonovia SE (DE: VNAn ) was up 0.18% or 0.08 points to 43.48 in late trade.

Biggest losers included RWE AG ST O.N. (DE: RWEG ), which lost 3.18% or 0.690 points to trade at 21.010 in late trade. SAP SE (DE: SAPG ) declined 3.11% or 3.180 points to end at 99.220 and Infineon Technologies AG NA O.N. (DE: IFXGn ) shed 2.80% or 0.600 points to 20.860.

The top performers on the MDAX were Norma Group AG NA O.N. (DE: NOEJ ) which rose 3.14% to 55.850, Deutsche Pfandbriefbank AG (DE: PBBG ) which was up 1.03% to settle at 12.76 and Metro Wholesale & Food Specialist AG (DE: B4B ) which gained 0.63% to close at 13.5500.

The worst performers were Rocket Internet (DE: RKET ) which was down 3.96% to 28.60 in late trade, Puma SE (DE: PUMG ) which lost 3.84% to settle at 438.00 and Zalando SE (DE: ZALG ) which was down 3.39% to 42.45 at the close.

The top performers on the TecDAX were Aixtron SE (DE: AIXGn ) which rose 3.35% to 10.640, Jenoptik AG (DE: JENGn ) which was up 2.22% to settle at 33.100 and Evotec AG O.N. (DE: EVTG ) which gained 0.71% to close at 22.580.

The worst performers were Medigene NA O.N. (DE: MDG1k ) which was down 8.63% to 12.500 in late trade, Isra Vision O.N. (DE: ISRG ) which lost 8.39% to settle at 53.50 and SMA Solar Technology AG (DE: S92G ) which was down 7.87% to 27.620 at the close.

Declining stocks outnumbered rising ones by 552 to 156 and 68 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 5.88% to 18.46.

In commodities trading, Gold Futures for December delivery was up 0.32% or 3.80 to $1202.90 a troy ounce. Meanwhile, Crude oil for delivery in October fell 1.27% or 0.89 to hit $68.98 a barrel, while the November Brent oil contract fell 0.96% or 0.75 to trade at $77.42 a barrel.

EUR/USD was up 0.38% to 1.1626, while EUR/GBP unchanged 0.00% to 0.9011.

The US Dollar Index Futures was down 0.28% at 95.10.