Germany shares lower at close of trade; DAX down 1.49%

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Germany shares lower at close of trade; DAX down 1.49%
Credit: © Reuters. – Germany equities were lower at the close on Thursday, as losses in the Media , Technology and Industrials sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 1.49%, while the MDAX index fell 1.27%, and the TecDAX index declined 2.49%.

The biggest gainers of the session on the DAX were Commerzbank AG O.N. (DE: CBKG ), which rose 2.35% or 0.275 points to trade at 12.000 at the close. Deutsche Bank AG NA O.N. (DE: DBKGn ) added 1.70% or 0.250 points to end at 14.990 and Muench. Rueckvers. VNA O.N. (DE: MUVGn ) was up 0.51% or 1.00 points to 197.30 in late trade.

Biggest losers included Prosiebensat 1 Media AG (DE: PSMGn ), which lost 9.21% or 2.610 points to trade at 25.740 in late trade. Adidas AG (DE: ADSGN ) declined 4.67% or 8.60 points to end at 175.50 and Infineon Technologies AG NA O.N. (DE: IFXGn ) shed 3.76% or 0.910 points to 23.275.

The top performers on the MDAX were Schaeffler AG Pref (DE: SHA_p ) which rose 3.27% to 14.84, Hannover Rueck SE (DE: HNRGn ) which was up 1.62% to settle at 109.95 and Zalando SE (DE: ZALG ) which gained 0.27% to close at 41.12.

The worst performers were Rheinmetall AG (DE: RHMG ) which was down 3.36% to 100.650 in late trade, Norma Group AG NA O.N. (DE: NOEJ ) which lost 3.31% to settle at 54.580 and Uniper SE (DE: UN01 ) which was down 3.00% to 23.740 at the close.

The top performers on the TecDAX were Slm Solution G (DE: AM3D ) which rose 0.69% to 36.65, Telefonica Deutschland Holding AG (DE: O2Dn ) which was down 0.05% to settle at 4.266 and Carl Zeiss Meditec AG (DE: AFXG ) which lost 0.54% to close at 47.210.

The worst performers were SMA Solar Technology AG (DE: S92G ) which was down 17.17% to 34.455 in late trade, Medigene NA O.N. (DE: MDG1k ) which lost 7.39% to settle at 11.345 and Nordex SE O.N. (DE: NDXG ) which was down 7.39% to 7.635 at the close.

Declining stocks outnumbered rising ones by 599 to 164 and 25 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 13.16% to 14.30 a new 1-month high.

In commodities trading, Gold Futures for December delivery was up 0.27% or 3.48 to $1287.18 a troy ounce. Meanwhile, Crude oil for delivery in December rose 0.79% or 0.45 to hit $57.26 a barrel, while the January Brent oil contract rose 0.79% or 0.50 to trade at $63.99 a barrel.

EUR/USD was up 0.46% to 1.1648, while EUR/GBP rose 0.28% to 0.8865.

The US Dollar Index Futures was down 0.40% at 94.39.

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