Germany shares lower at close of trade; DAX down 1.99%

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

At the close in Frankfurt, the DAX declined 1.99%, while the MDAX index fell 1.16%, and the TecDAX index declined 0.84%.

The biggest gainers of the session on the DAX were Vonovia SE (DE: VNAn ), which fell 0.61% or 0.26 points to trade at 42.34 at the close. Beiersdorf AG O.N. (DE: BEIG ) fell 0.79% or 0.780 points to end at 97.760 and Muench. Rueckvers. VNA O.N. (DE: MUVGn ) was down 0.79% or 1.45 points to 182.05 in late trade.

Biggest losers included Deutsche Bank AG NA O.N. (DE: DBKGn ), which lost 4.06% or 0.436 points to trade at 10.306 in late trade. Commerzbank AG O.N. (DE: CBKG ) declined 3.50% or 0.307 points to end at 8.453 and Daimler AG NA O.N. (DE: DAIGn ) shed 3.12% or 1.840 points to 57.200.

The top performers on the MDAX were Grand City Properties SA (DE: GYC ) which rose 2.21% to 23.10, LEG Immobilien AG (DE: LEGn ) which was up 2.16% to settle at 98.480 and Aroundtown Property Holdings PLC (DE: AT1 ) which gained 1.06% to close at 7.120.

The worst performers were K+S AG NA O.N. (DE: SDFGn ) which was down 7.16% to 21.010 in late trade, Schaeffler AG Pref (DE: SHA_p ) which lost 4.07% to settle at 12.02 and Leoni AG (DE: LEOGn ) which was down 3.80% to 42.070 at the close.

The top performers on the TecDAX were Bechtle AG (DE: BC8G ) which rose 4.93% to 83.000, Xing AG (DE: OBCGn ) which was up 2.98% to settle at 294.00 and Carl Zeiss Meditec AG (DE: AFXG ) which gained 2.74% to close at 71.250.

The worst performers were Aixtron SE (DE: AIXGn ) which was down 6.53% to 11.338 in late trade, Siltronic AG (DE: WAFGn ) which lost 6.31% to settle at 134.350 and Medigene NA O.N. (DE: MDG1k ) which was down 5.05% to 13.150 at the close.

Declining stocks outnumbered rising ones by 504 to 206 and 64 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 17.74% to 17.93 a new 1-month high.

In commodities trading, Gold Futures for December delivery was down 0.03% or 0.40 to $1219.50 a troy ounce. Meanwhile, Crude oil for delivery in September rose 1.20% or 0.80 to hit $67.61 a barrel, while the October Brent oil contract rose 1.14% or 0.82 to trade at $72.89 a barrel.

EUR/USD was down 1.06% to 1.1406, while EUR/GBP fell 0.55% to 0.8937.

The US Dollar Index Futures was up 0.75% at 96.18.