Germany shares lower at close of trade; DAX down 2.21%

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Germany shares lower at close of trade; DAX down 2.21%
Credit: © Reuters.

Investing.com – Germany equities were lower at the close on Wednesday, as losses in the Software , Technology and Consumer & Cyclical sectors propelled shares lower.

At the close in Frankfurt, the DAX declined 2.21% to hit a new 52-week low, while the MDAX index lost 2.63%, and the TecDAX index fell 4.26%.

The biggest gainers of the session on the DAX were Deutsche Telekom AG Na (DE: DTEGn ), which rose 2.70% or 0.375 points to trade at 14.285 at the close. Merck KGaA (DE: MRCG ) added 0.90% or 0.80 points to end at 89.74 and Bayer AG NA (DE: BAYGN ) was up 0.08% or 0.06 points to 75.01 in late trade.

Biggest losers included Wirecard AG (DE: WDIG ), which lost 14.19% or 25.875 points to trade at 156.425 in late trade. SAP SE (DE: SAPG ) declined 4.90% or 5.090 points to end at 98.710 and Adidas AG (DE: ADSGN ) shed 4.53% or 9.25 points to 195.15.

The top performers on the MDAX were Telefonica Deutschland Holding AG (DE: O2Dn ) which rose 3.11% to 3.553, Drillisch AG (DE: DRIG ) which was up 2.45% to settle at 37.560 and Deutsche Pfandbriefbank AG (DE: PBBG ) which gained 1.90% to close at 12.90.

The worst performers were Hella KGaA Hueck & Co (DE: HLE ) which was down 8.17% to 40.68 in late trade, Nemetschek AG O.N. (DE: NEKG ) which lost 7.83% to settle at 110.700 and Bechtle AG (DE: BC8G ) which was down 7.53% to 78.000 at the close.

The top performers on the TecDAX were Telefonica Deutschland Holding AG (DE: O2Dn ) which rose 3.11% to 3.553, Drillisch AG (DE: DRIG ) which was up 2.45% to settle at 37.560 and SLM Solutions Group AG (DE: AM3D ) which gained 0.24% to close at 16.48.

The worst performers were Wirecard AG (DE: WDIG ) which was down 14.19% to 156.425 in late trade, Jenoptik AG (DE: JENGn ) which lost 9.69% to settle at 26.480 and Isra Vision O.N. (DE: ISRG ) which was down 8.73% to 37.65 at the close.

Declining stocks outnumbered rising ones by 592 to 123 and 59 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was unchanged 0.00% to 16.85.

In commodities trading, Gold Futures for December delivery was up 0.12% or 1.40 to $1192.90 a troy ounce. Meanwhile, Crude oil for delivery in November fell 2.24% or 1.68 to hit $73.28 a barrel, while the December Brent oil contract fell 1.93% or 1.64 to trade at $83.36 a barrel.

EUR/USD was up 0.45% to 1.1542, while EUR/GBP fell 0.02% to 0.8740.

The US Dollar Index Futures was down 0.30% at 95.07.

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