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Germany shares lower at close of trade; DAX down 0.98%

Published 08/04/2016, 02:15 am
© Reuters.  Germany shares lower at close of trade; DAX down 0.98%

Investing.com – Germany equities were lower at the close on Thursday, as losses in the Basic Resources, Food & Beverages and Software sectors propelled shares lower.

At the close in Frankfurt, the DAX declined 0.98%, while the MDAX index fell 0.70%, and the TecDAX index fell 0.76%.

The biggest gainers of the session on the DAX were Lufthansa AG VNA O.N. (DE:LHAG), which rose 0.84% or 0.115 points to trade at 13.805 at the close. RWE AG ST O.N. (DE:RWEG) added 0.54% or 0.060 points to end at 11.075 and Infineon Technologies AG NA O.N. (DE:IFXGn) was up 0.24% or 0.030 points to 12.315 in late trade.

Biggest losers included Daimler AG NA O.N. (DE:DAIGn), which lost 4.77% or 2.980 points to trade at 59.520 in late trade. K+S AG NA O.N. (DE:SDFGn) declined 3.08% or 0.605 points to end at 19.020 and Deutsche Bank AG NA O.N. (DE:DBKGn) shed 2.97% or 0.420 points to 13.745.

The top performers on the MDAX were Hugo Boss AG NA O.N. (DE:BOSSn) which rose 1.60% to 55.760, Rhoen-Klinikum O.N. (DE:RHKG) which was up 1.18% to settle at 28.270 and Metro AG ST O.N. (DE:MEOG) which gained 0.90% to close at 26.900.

The worst performers were Salzgitter AG O.N. (DE:SZGG) which was down 4.53% to 23.515 in late trade, Osram Licht AG (F:OSRn) which lost 3.11% to settle at 43.738 and Rheinmetall AG (DE:RHMG) which was down 3.05% to 66.190 at the close.

The top performers on the TecDAX were Aixtron SE NA O.N. (DE:AIXGn) which rose 5.02% to 4.351, QSC AG NA O.N. (DE:QSCG) which was up 2.56% to settle at 1.240 and Nemetschek AG O.N. (DE:NEKG) which gained 1.09% to close at 44.780.

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The worst performers were Adva Optical Networking SE (DE:ADAG) which was down 3.69% to 9.925 in late trade, Wirecard AG (DE:WDIG) which lost 3.44% to settle at 32.750 and Nordex SE O.N. (DE:NDXG) which was down 2.51% to 22.375 at the close.

Declining stocks outnumbered rising ones by 515 to 299 and 33 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 5.00% to 23.53.

In commodities trading, Gold for June delivery was up 1.26% or 15.40 to $1239.20 a troy ounce. Meanwhile, Crude oil for delivery in May fell 2.15% or 0.81 to hit $36.94 a barrel, while the June Brent oil contract fell 2.13% or 0.85 to trade at $38.99 a barrel.

EUR/USD was down 0.13% to 1.1386, while EUR/GBP rose 0.14% to 0.8083.

The US Dollar Index was down 0.06% at 94.43.

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