Germany shares lower at close of trade; DAX down 1.58%

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

At the close in Frankfurt, the DAX lost 1.58% to hit a new 52-week low, while the MDAX index fell 1.73%, and the TecDAX index fell 1.85%.

The biggest gainers of the session on the DAX were Beiersdorf AG O.N. (DE: BEIG ), which rose 0.76% or 0.700 points to trade at 92.720 at the close. Continental AG O.N. (DE: CONG ) added 0.11% or 0.15 points to end at 136.10 and E.ON SE NA (DE: EONGn ) was up 0.10% or 0.009 points to 9.215 in late trade.

Biggest losers included Covestro AG (DE: 1COV ), which lost 15.56% or 8.700 points to trade at 47.200 in late trade. Wirecard AG (DE: WDIG ) declined 5.17% or 7.100 points to end at 130.325 and Deutsche Bank AG NA O.N. (DE: DBKGn ) shed 4.80% or 0.411 points to 8.153.

The top performers on the MDAX were Duerr AG (DE: DUEG ) which rose 1.40% to 29.720, GEA Group AG (DE: G1AG ) which was up 0.96% to settle at 26.190 and Zalando SE (DE: ZALG ) which gained 0.92% to close at 27.48.

The worst performers were Nemetschek AG O.N. (DE: NEKG ) which was down 7.74% to 99.550 in late trade, Evonik Industries AG (DE: EVKn ) which lost 5.26% to settle at 24.510 and Talanx AG NA O.N. (DE: TLXGn ) which was down 4.72% to 30.660 at the close.

The top performers on the TecDAX were Koenig & Bauer AG ST O.N. (DE: SKBG ) which rose 3.20% to 41.980, Shop Apotheke Europe NV (DE: SAEG ) which was up 3.16% to settle at 39.200 and Hapag Lloyd AG (DE: HLAG ) which gained 2.83% to close at 29.7600.

The worst performers were Sixt AG ST O.N. (DE: SIXG ) which was down 9.15% to 79.900 in late trade, Dr. Hoenle AG O.N. (DE: HNLG ) which lost 8.05% to settle at 59.400 and Steinhoff International Holdings NV (DE: SNHG ) which was down 7.81% to 0.12 at the close.

Declining stocks outnumbered rising ones by 572 to 153 and 55 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 9.82% to 21.03.

In commodities trading, Gold Futures for December delivery was down 0.14% or 1.70 to $1223.60 a troy ounce. Meanwhile, Crude oil for delivery in January fell 5.05% or 2.89 to hit $54.31 a barrel, while the January Brent oil contract fell 5.05% or 3.37 to trade at $63.42 a barrel.

EUR/USD was down 0.58% to 1.1388, while EUR/GBP fell 0.25% to 0.8888.

The US Dollar Index Futures was up 0.48% at 96.53.