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Germany shares lower at close of trade; DAX down 0.88%

Published 08/03/2016, 17:15
© Reuters.  Germany shares lower at close of trade; DAX down 0.88%

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

At the close in Frankfurt, the DAX fell 0.88%, while the MDAX index lost 1.40%, and the TecDAX index fell 2.21%.

The biggest gainers of the session on the DAX were Deutsche Post AG NA O.N. (DE:DPWGn), which rose 3.23% or 0.730 points to trade at 23.300 at the close. K+S AG NA O.N. (DE:SDFGn) added 1.08% or 0.235 points to end at 21.910 and Fresenius SE & Co KGAA O.N. (DE:FREG) was up 0.92% or 0.550 points to 60.110 in late trade.

Biggest losers included RWE AG ST O.N. (DE:RWEG), which lost 4.43% or 0.500 points to trade at 10.790 in late trade. Volkswagen AG VZO O.N. (DE:VOWG_p) declined 4.14% or 4.850 points to end at 112.300 and Thyssenkrupp AG O.N. (DE:TKAG) shed 3.64% or 0.625 points to 16.560.

The top performers on the MDAX were Hugo Boss AG NA O.N. (DE:BOSSn) which rose 1.52% to 54.690, Metro AG ST O.N. (DE:MEOG) which was up 1.08% to settle at 24.425 and Evonik Industries AG (DE:EVKn) which gained 0.68% to close at 25.005.

The worst performers were Leoni AG NA O.N. (DE:LEOGn) which was down 5.54% to 28.810 in late trade, Krones AG O.N. (DE:KRNG) which lost 4.74% to settle at 99.020 and Wacker Chemie O.N. (DE:WCHG) which was down 4.21% to 75.370 at the close.

The top performers on the TecDAX were LPKF Laser & Electronics (DE:LPKG) which rose 2.31% to 7.217, Xing AG (DE:OBCGn) which was up 0.80% to settle at 151.600 and Software AG O.N. (DE:SOWG) which gained 0.61% to close at 32.300.

The worst performers were Aixtron SE NA O.N. (DE:AIXGn) which was down 7.25% to 3.211 in late trade, QSC AG NA O.N. (DE:QSCG) which lost 6.60% to settle at 1.260 and Kontron AG O.N. (DE:KBCG) which was down 6.43% to 3.610 at the close.

Declining stocks outnumbered rising ones by 588 to 192 and 12 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 5.42% to 24.32.

In commodities trading, Gold for April delivery was up 0.25% or 3.10 to $1267.10 a troy ounce. Meanwhile, Crude oil for delivery in April fell 3.25% or 1.23 to hit $36.67 a barrel, while the May Brent oil contract fell 2.50% or 1.02 to trade at $39.82 a barrel.

EUR/USD was up 0.15% to 1.1031, while EUR/GBP rose 0.34% to 0.7747.

The US Dollar Index was down 0.12% at 97.00.

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