Germany shares lower at close of trade; DAX down 3.48%

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Germany shares lower at close of trade; DAX down 3.48%
Credit: © Reuters. – Germany equities were lower at the close on Thursday, as losses in the Pharmaceuticals & Healthcare , Insurance and Chemicals sectors propelled shares lower.

At the close in Frankfurt, the DAX declined 3.48% to hit a new 52-week low, while the MDAX index declined 3.14%, and the TecDAX index fell 2.69%.

The biggest gainers of the session on the DAX were Vonovia SE (DE: VNAn ), which rose 1.28% or 0.53 points to trade at 42.08 at the close. Adidas AG (DE: ADSGN ) fell 1.48% or 2.90 points to end at 193.55 and Deutsche Lufthansa AG (DE: LHAG ) was down 1.64% or 0.325 points to 19.490 in late trade.

Biggest losers included Daimler AG NA O.N. (DE: DAIGn ), which lost 6.28% or 3.140 points to trade at 46.860 in late trade. Fresenius SE & Co KGAA O.N. (DE: FREG ) declined 6.09% or 3.060 points to end at 47.220 and Covestro AG (DE: 1COV ) shed 5.64% or 2.730 points to 45.710.

The top performers on the MDAX were Evotec AG O.N. (DE: EVTG ) which rose 4.91% to 18.390, Axel Springer SE (DE: SPRGn ) which was up 0.66% to settle at 53.000 and Alstria Office Reit-Ag (DE: AOXG ) which gained 0.65% to close at 12.440.

The worst performers were Kion Group AG (DE: KGX ) which was down 8.92% to 47.27 in late trade, Siltronic AG (DE: WAFGn ) which lost 8.04% to settle at 72.960 and Software AG (DE: SOWGn ) which was down 8.03% to 32.510 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE: S92G ) which rose 3.66% to 18.140, Hornbach Holding VZO O.N. (DE: HBH ) which was up 2.61% to settle at 51.200 and Vossloh AG (DE: VOSG ) which gained 1.97% to close at 43.950.

The worst performers were SGL Carbon SE (DE: SGCG ) which was down 19.38% to 7.095 in late trade, Steinhoff International Holdings NV (DE: SNHG ) which lost 14.71% to settle at 0.10 and SLM Solutions Group AG (DE: AM3D ) which was down 10.48% to 11.10 at the close.

Declining stocks outnumbered rising ones by 643 to 78 and 57 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 20.55% to 24.29 a new 6-month high.

In commodities trading, Gold Futures for February delivery was up 0.30% or 3.70 to $1246.30 a troy ounce. Meanwhile, Crude oil for delivery in January fell 3.40% or 1.80 to hit $51.09 a barrel, while the February Brent oil contract fell 3.44% or 2.12 to trade at $59.44 a barrel.

EUR/USD was up 0.30% to 1.1378, while EUR/GBP rose 0.01% to 0.8910.

The US Dollar Index Futures was down 0.29% at 96.732.

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