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Germany shares lower at close of trade; DAX down 1.71%

Published 25/03/2016, 04:15 am
© Reuters.  Germany shares lower at close of trade; DAX down 1.71%
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ADSGN
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Investing.com – Germany equities were lower at the close on Thursday, as losses in the Insurance, Telecoms and Technology sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 1.71%, while the MDAX index lost 1.35%, and the TecDAX index lost 1.03%.

The biggest gainers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which rose 0.70% or 0.075 points to trade at 10.850 at the close. Deutsche Boerse NA O.N. (DE:DB1Gn) added 0.41% or 0.300 points to end at 73.920 and Adidas AG NA O.N. (DE:ADSGN) was down 0.68% or 0.700 points to 102.450 in late trade.

Biggest losers included Deutsche Bank AG NA O.N. (DE:DBKGn), which lost 3.76% or 0.610 points to trade at 15.615 in late trade. Lanxess AG (DE:LXSG) declined 3.24% or 1.375 points to end at 41.100 and Beiersdorf AG O.N. (DE:BEIG) shed 2.41% or 1.960 points to 79.520.

The top performers on the MDAX were Wincor Nixdorf O.N. (DE:WING) which rose 19.84% to 52.670, Rheinmetall AG (DE:RHMG) which was up 0.76% to settle at 68.640 and Talanx AG NA O.N. (DE:TLXGn) which gained 0.50% to close at 29.000.

The worst performers were Leoni AG NA O.N. (DE:LEOGn) which was down 4.14% to 28.040 in late trade, Gerry Weber Internat.O.N. (DE:GWIG) which lost 4.06% to settle at 12.875 and Duerr AG O.N. (DE:DUEG) which was down 3.51% to 67.110 at the close.

The top performers on the TecDAX were Pfeiffer Vacuum Technology O.N. (DE:PV) which rose 1.83% to 102.800, Wirecard AG (DE:WDIG) which was up 1.35% to settle at 32.540 and CompuGroup Medical AG O.N. (DE:COPMa) which gained 1.03% to close at 37.585.

The worst performers were Aixtron SE NA O.N. (DE:AIXGn) which was down 7.99% to 3.810 in late trade, Dialog Semiconductor (DE:DLGS) which lost 3.54% to settle at 32.520 and Drillisch AG O.N. (DE:DRIG) which was down 3.31% to 38.950 at the close.

Declining stocks outnumbered rising ones by 626 to 216 and 26 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 8.98% to 21.97.

In commodities trading, Gold for April delivery was down 0.28% or 3.40 to $1220.60 a troy ounce. Meanwhile, Crude oil for delivery in May fell 1.48% or 0.59 to hit $39.20 a barrel, while the May Brent oil contract fell 0.84% or 0.34 to trade at $40.13 a barrel.

EUR/USD was down 0.09% to 1.1171, while EUR/GBP fell 0.40% to 0.7890.

The US Dollar Index was up 0.12% at 96.18.

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