Germany shares lower at close of trade; DAX down 1.78%

Investing.com – Germany equities were lower at the close on Thursday, as losses in the Basic Resources , Technology and Industrials sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 1.78%, while the MDAX index lost 1.81%, and the TecDAX index declined 2.46%.

The biggest gainers of the session on the DAX were Vonovia SE (DE: VNAn ), which rose 0.91% or 0.43 points to trade at 47.59 at the close. Beiersdorf AG O.N. (DE: BEIG ) added 0.84% or 0.850 points to end at 102.050 and Deutsche Telekom AG Na (DE: DTEGn ) was down 0.29% or 0.044 points to 15.046 in late trade.

Biggest losers included Daimler AG NA O.N. (DE: DAIGn ), which lost 6.75% or 3.430 points to trade at 47.400 in late trade. Covestro AG (DE: 1COV ) declined 5.13% or 2.220 points to end at 41.080 and Thyssenkrupp AG O.N. (DE: TKAG ) shed 4.80% or 0.615 points to 12.185.

The top performers on the MDAX were CTS Eventim AG (DE: EVDG ) which rose 1.24% to 45.560, Deutsche Wohnen AG (DE: DWNG ) which was up 0.40% to settle at 42.760 and Tag Immobilien AG (DE: TEGG ) which gained 0.10% to close at 20.740.

The worst performers were Aareal Bank AG (DE: ARLG ) which was down 9.14% to 26.440 in late trade, Uniper SE (DE: UN01 ) which lost 6.23% to settle at 24.700 and Kion Group AG (DE: KGX ) which was down 5.03% to 52.08 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE: S92G ) which rose 0.42% to 19.050, Deutsche Telekom AG Na (DE: DTEGn ) which was down 0.29% to settle at 15.046 and Qiagen NV (DE: QIA ) which lost 0.29% to close at 34.540.

The worst performers were RIB Software AG Na (DE: RIB ) which was down 5.36% to 15.540 in late trade, Pfeiffer Vacuum Technology O.N. (DE: PV ) which lost 4.89% to settle at 132.30 and S&T AG (DE: SANT1 ) which was down 4.88% to 19.67 at the close.

Declining stocks outnumbered rising ones by 566 to 136 and 71 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 13.78% to 18.16.

In commodities trading, Gold Futures for June delivery was up 0.93% or 11.90 to $1286.10 a troy ounce. Meanwhile, Crude oil for delivery in July fell 6.40% or 3.93 to hit $57.49 a barrel, while the July Brent oil contract fell 5.42% or 3.85 to trade at $67.14 a barrel.

EUR/USD was up 0.31% to 1.1186, while EUR/GBP rose 0.20% to 0.8824.

The US Dollar Index Futures was down 0.22% at 97.667.