Germany shares lower at close of trade; DAX down 1.25%

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Germany shares lower at close of trade; DAX down 1.25%
Credit: © Reuters. – Germany equities were lower at the close on Thursday, as losses in the Telecoms , Insurance and Utilities sectors propelled shares lower.

At the close in Frankfurt, the DAX declined 1.25%, while the MDAX index lost 0.73%, and the TecDAX index fell 1.13%.

The biggest gainers of the session on the DAX were Vonovia SE (DE: VNAn ), which rose 0.26% or 0.09 points to trade at 32.20 at the close. RWE AG ST O.N. (DE: RWEG ) added 0.23% or 0.030 points to end at 13.305 and Deutsche Post AG NA O.N. (DE: DPWGn ) was up 0.21% or 0.055 points to 26.575 in late trade.

Biggest losers included E.ON SE NA (DE: EONGn ), which lost 7.17% or 0.673 points to trade at 8.707 in late trade. Deutsche Telekom AG Na (DE: DTEGn ) declined 3.55% or 0.550 points to end at 14.950 and Commerzbank AG O.N. (DE: CBKG ) shed 3.16% or 0.230 points to 7.044.

The top performers on the MDAX were LEG Immobilien AG (DE: LEGn ) which rose 1.13% to 82.390, Kuka AG (DE: KU2G ) which was up 0.93% to settle at 109.000 and Alstria Office Reit-Ag (DE: AOXG ) which gained 0.71% to close at 12.035.

The worst performers were Deutsche Pfandbriefbank AG (DE: PBBG ) which was down 2.90% to 9.81 in late trade, Rhoen-Klinikum O.N. (DE: RHKG ) which lost 2.74% to settle at 26.235 and Lanxess AG (DE: LXSG ) which was down 2.68% to 41.970 at the close.

The top performers on the TecDAX were Slm Solution G (DE: AM3D ) which unchanged 0.00% to 25.20, Qiagen NV (DE: QGEN ) which was down 0.13% to settle at 19.660 and STRATEC Biomedical AG (DE: SBSG ) which lost 0.18% to close at 50.810.

The worst performers were Aixtron SE NA O.N. (DE: AIXGn ) which was down 4.14% to 5.445 in late trade, SMA Solar Technology AG (DE: S92G ) which lost 3.14% to settle at 48.790 and RIB Software AG Na (DE: RIB ) which was down 2.97% to 8.733 at the close.

Declining stocks outnumbered rising ones by 599 to 275 and 23 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 5.18% to 22.52.

In commodities trading, Gold for August delivery was up 0.84% or 10.55 to $1272.85 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.48% or 0.76 to hit $50.47 a barrel, while the August Brent oil contract fell 1.24% or 0.65 to trade at $51.86 a barrel.

EUR/USD was down 0.68% to 1.1318, while EUR/GBP fell 0.31% to 0.7830.

The US Dollar Index was up 0.47% at 94.03.

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