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Germany shares lower at close of trade; DAX down 0.78%

Published 10/01/2018, 17:15
Updated 10/01/2018, 17:15
© Reuters.  Germany shares lower at close of trade; DAX down 0.78%

Investing.com – Germany equities were lower at the close on Wednesday, as losses in the Food & Beverages, Telecoms and Pharmaceuticals & Healthcare sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 0.78%, while the MDAX index declined 0.64%, and the TecDAX index lost 1.35%.

The biggest gainers of the session on the DAX were Commerzbank AG O.N. (DE:CBKG), which rose 5.14% or 0.648 points to trade at 13.258 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) added 2.96% or 0.448 points to end at 15.558 and Deutsche Lufthansa AG (DE:LHAG) was up 2.09% or 0.630 points to 30.730 in late trade.

Biggest losers included Continental AG O.N. (DE:CONG), which lost 3.54% or 8.90 points to trade at 242.40 in late trade. Prosiebensat 1 Media AG (DE:PSMGn) declined 3.33% or 0.980 points to end at 28.450 and Vonovia SE (DE:VNAn) shed 2.67% or 1.13 points to 41.22.

The top performers on the MDAX were Airbus Group SE (F:AIRG) which rose 3.25% to 89.800, Deutsche Pfandbriefbank AG (DE:PBBG) which was up 1.94% to settle at 14.20 and Salzgitter AG (DE:SZGG) which gained 1.34% to close at 51.500.

The worst performers were Deutsche Wohnen AG (DE:DWNG) which was down 2.98% to 36.790 in late trade, Suedzucker AG (DE:SZUG) which lost 2.74% to settle at 16.865 and Symrise AG Inh. O.N. (DE:SY1G) which was down 2.51% to 70.000 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 6.20% to 10.870, RIB Software AG Na (DE:RIB) which was up 3.88% to settle at 27.340 and Pfeiffer Vacuum Technology O.N. (DE:PV) which gained 2.64% to close at 163.00.

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The worst performers were Cancom SE O.N. (DE:COKG) which was down 2.93% to 72.900 in late trade, Jenoptik AG (DE:JENG) which lost 2.78% to settle at 28.720 and Aixtron SE (DE:AIXGn) which was down 2.78% to 12.075 at the close.

Declining stocks outnumbered rising ones by 478 to 259 and 80 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.21% to 12.63.

In commodities trading, Gold Futures for February delivery was up 0.33% or 4.40 to $1318.10 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.54% or 0.34 to hit $63.30 a barrel, while the March Brent oil contract rose 0.15% or 0.10 to trade at $68.92 a barrel.

EUR/USD was up 0.14% to 1.1953, while EUR/GBP rose 0.35% to 0.8847.

The US Dollar Index Futures was down 0.20% at 92.05.

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