Germany shares lower at close of trade; DAX down 1.77%

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Germany shares lower at close of trade; DAX down 1.77%
Credit: © Reuters. – Germany equities were lower at the close on Friday, as losses in the Insurance , Pharmaceuticals & Healthcare and Transportation & Logistics sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 1.77% to hit a new 52-week low, while the MDAX index declined 0.71%, and the TecDAX index declined 1.02%.

The biggest gainers of the session on the DAX were Prosiebensat 1 Media AG (DE: PSMGn ), which rose 0.63% or 0.170 points to trade at 27.350 at the close. E.ON SE NA (DE: EONGn ) added 0.51% or 0.045 points to end at 8.864 and Deutsche Telekom AG Na (DE: DTEGn ) was up 0.31% or 0.040 points to 12.950 in late trade.

Biggest losers included Continental AG O.N. (DE: CONG ), which lost 3.18% or 7.10 points to trade at 216.00 in late trade. Thyssenkrupp AG O.N. (DE: TKAG ) declined 3.02% or 0.660 points to end at 21.160 and Bayer AG NA (DE: BAYGN ) shed 2.88% or 2.68 points to 90.35.

The top performers on the MDAX were CTS Eventim AG (DE: EVDG ) which rose 4.61% to 38.160, Uniper SE (DE: UN01 ) which was up 1.58% to settle at 24.380 and Deutsche Pfandbriefbank AG (DE: PBBG ) which gained 1.20% to close at 12.64.

The worst performers were Leoni AG (DE: LEOGn ) which was down 3.99% to 51.980 in late trade, Fuchs Petrolub AG VZO Pref (DE: FPEG_p ) which lost 2.64% to settle at 44.240 and Lanxess AG (DE: LXSG ) which was down 2.60% to 61.360 at the close.

The top performers on the TecDAX were SLM Solutions Group AG (DE: AM3D ) which rose 3.75% to 33.20, United Internet AG NA (DE: UTDI ) which was up 2.76% to settle at 52.920 and CompuGroup Medical AG O.N. (DE: COPMa ) which gained 2.30% to close at 43.600.

The worst performers were RIB Software AG Na (DE: RIB ) which was down 23.21% to 23.820 in late trade, Siltronic AG (DE: WAFGn ) which lost 5.32% to settle at 149.400 and Medigene NA O.N. (DE: MDG1k ) which was down 2.45% to 14.320 at the close.

Declining stocks outnumbered rising ones by 540 to 183 and 71 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 6.82% to 21.72.

In commodities trading, Gold Futures for April delivery was up 1.55% or 20.60 to $1348.00 a troy ounce. Meanwhile, Crude oil for delivery in May rose 1.65% or 1.06 to hit $65.36 a barrel, while the May Brent oil contract rose 1.42% or 0.98 to trade at $69.89 a barrel.

EUR/USD was up 0.46% to 1.2359, while EUR/GBP rose 0.11% to 0.8737.

The US Dollar Index Futures was down 0.42% at 89.09.

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