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Germany shares lower at close of trade; DAX down 0.25%

Published 29/03/2018, 03:15 am
© Reuters.  Germany shares lower at close of trade; DAX down 0.25%
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Investing.com – Germany equities were lower at the close on Wednesday, as losses in the Technology, Basic Resources and Chemicals sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 0.25%, while the MDAX index lost 0.55%, and the TecDAX index declined 2.85%.

The biggest gainers of the session on the DAX were Beiersdorf AG O.N. (DE:BEIG), which rose 3.52% or 3.080 points to trade at 90.460 at the close. Merck KGaA (DE:MRCG) added 2.52% or 1.92 points to end at 77.96 and Henkel & Co KGaA AG Pref (DE:HNKG_p) was up 2.01% or 2.10 points to 106.50 in late trade.

Biggest losers included Infineon Technologies AG NA O.N. (DE:IFXGn), which lost 4.01% or 0.900 points to trade at 21.560 in late trade. Deutsche Lufthansa AG (DE:LHAG) declined 2.87% or 0.740 points to end at 25.020 and Commerzbank AG O.N. (DE:CBKG) shed 1.90% or 0.206 points to 10.644.

The top performers on the MDAX were Uniper SE (DE:UN01) which rose 2.42% to 24.940, Tag Immobilien AG (DE:TEGG) which was up 1.95% to settle at 16.710 and Talanx AG NA O.N. (DE:TLXGn) which gained 1.91% to close at 35.280.

The worst performers were Aurubis AG (DE:NAFG) which was down 3.43% to 65.860 in late trade, Salzgitter AG (DE:SZGG) which lost 3.39% to settle at 40.230 and Leoni AG (DE:LEOGn) which was down 2.92% to 51.180 at the close.

The top performers on the TecDAX were Freenet AG NA (DE:FNTGn) which rose 0.82% to 24.470, GFT Technologies AG (DE:GFTG) which was up 0.23% to settle at 13.000 and Telefonica Deutschland Holding AG (DE:O2Dn) which lost 0.03% to close at 3.749.

The worst performers were Dialog Semiconductor (DE:DLGS) which was down 13.14% to 19.977 in late trade, SMA Solar Technology AG (DE:S92G) which lost 11.07% to settle at 47.400 and Nordex SE O.N. (DE:NDXG) which was down 9.67% to 7.158 at the close.

Declining stocks outnumbered rising ones by 496 to 221 and 57 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 5.00% to 20.65.

In commodities trading, Gold Futures for April delivery was down 1.27% or 17.10 to $1324.90 a troy ounce. Meanwhile, Crude oil for delivery in May fell 2.21% or 1.44 to hit $63.81 a barrel, while the June Brent oil contract fell 1.97% or 1.37 to trade at $68.09 a barrel.

EUR/USD was down 0.44% to 1.2348, while EUR/GBP fell 0.15% to 0.8752.

The US Dollar Index Futures was up 0.56% at 89.46.

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