Germany shares lower at close of trade; DAX down 2.27%

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

At the close in Frankfurt, the DAX fell 2.27% to hit a new 6-month low, while the MDAX index declined 2.20%, and the TecDAX index declined 3.11%.

The biggest gainers of the session on the DAX were Beiersdorf AG O.N. (DE: BEIG ), which rose 0.70% or 0.600 points to trade at 86.680 at the close. Linde AG O.N. (DE: LING ) added 0.27% or 0.45 points to end at 170.10 and Vonovia SE (DE: VNAn ) was down 0.70% or 0.26 points to 36.77 in late trade.

Biggest losers included Thyssenkrupp AG O.N. (DE: TKAG ), which lost 4.08% or 0.890 points to trade at 20.930 in late trade. Commerzbank AG O.N. (DE: CBKG ) declined 3.62% or 0.454 points to end at 12.088 and Siemens AG Class N (DE: SIEGn ) shed 3.36% or 3.58 points to 102.98.

The top performers on the MDAX were STADA Arzneimittel VNA O.N. (DE: STAGn ) which rose 0.84% to 86.220, Suedzucker AG (DE: SZUG ) which was up 0.41% to settle at 14.850 and RTL Group SA (DE: RRTL ) which unchanged 0.00% to close at 70.900.

The worst performers were Steinhoff International Holdings NV (DE: SNHG ) which was down 12.79% to 0.31 in late trade, Salzgitter AG (DE: SZGG ) which lost 5.17% to settle at 43.430 and Deutsche Pfandbriefbank AG (DE: PBBG ) which was down 4.19% to 13.73 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE: MDG1k ) which fell 0.42% to 16.780, SMA Solar Technology AG (DE: S92G ) which was down 0.60% to settle at 50.100 and Telefonica Deutschland Holding AG (DE: O2Dn ) which lost 1.37% to close at 3.679.

The worst performers were GFT Technologies AG (DE: GFTG ) which was down 7.19% to 12.520 in late trade, Dialog Semiconductor (DE: DLGS ) which lost 6.21% to settle at 23.580 and Adva Optical Networking SE (DE: ADAG ) which was down 5.77% to 5.800 at the close.

Declining stocks outnumbered rising ones by 665 to 76 and 56 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 10.25% to 24.17.

In commodities trading, Gold Futures for April delivery was up 1.19% or 15.50 to $1320.70 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.20% or 0.12 to hit $61.11 a barrel, while the May Brent oil contract rose 0.39% or 0.25 to trade at $64.08 a barrel.

EUR/USD was up 0.45% to 1.2319, while EUR/GBP rose 0.47% to 0.8946.

The US Dollar Index Futures was down 0.29% at 89.96.