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Germany shares lower at close of trade; DAX down 0.51%

Published 12/10/2016, 17:15
Updated 12/10/2016, 17:15
© Reuters.  Germany shares lower at close of trade; DAX down 0.51%

© Reuters. Germany shares lower at close of trade; DAX down 0.51%

Investing.com – Germany equities were lower at the close on Wednesday, as losses in the Technology, Telecoms and Software sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 0.51%, while the MDAX index declined 0.32%, and the TecDAX index lost 1.35%.

The biggest gainers of the session on the DAX were Lufthansa AG VNA O.N. (DE:LHAG), which rose 4.29% or 0.421 points to trade at 10.235 at the close. Allianz SE VNA O.N. (DE:ALVG) added 1.20% or 1.650 points to end at 138.750 and Commerzbank AG O.N. (DE:CBKG) was up 0.96% or 0.055 points to 5.809 in late trade.

Biggest losers included Fresenius SE & Co KGAA O.N. (DE:FREG), which lost 1.76% or 1.240 points to trade at 69.110 in late trade. SAP SE (DE:SAPG) declined 1.58% or 1.270 points to end at 79.140 and Prosiebensat 1 Media AG (DE:PSMGn) shed 1.53% or 0.595 points to 38.375.

The top performers on the MDAX were Fraport AG (DE:FRAG) which rose 2.77% to 51.210, Covestro AG (DE:1COV) which was up 1.97% to settle at 53.440 and Aurubis AG (DE:NAFG) which gained 1.89% to close at 51.190.

The worst performers were Deutsche Wohnen AG Inh (DE:DWNG) which was down 2.13% to 29.340 in late trade, GEA Group AG (DE:G1AG) which lost 1.55% to settle at 47.700 and Jungheinrich AG O.N.VZO (DE:JUNG_p) which was down 1.54% to 29.185 at the close.

The top performers on the TecDAX were RIB Software AG Na (DE:RIB) which rose 1.59% to 11.180, Nordex SE O.N. (DE:NDXG) which was up 0.85% to settle at 25.580 and Pfeiffer Vacuum Technology O.N. (DE:PV) which gained 0.58% to close at 84.980.

The worst performers were S&T AG (F:SANT1) which was down 12.84% to 9.250 in late trade, Adva Optical Networking SE (DE:ADAG) which lost 4.82% to settle at 8.816 and Morphosys AG O.N. (DE:MORG) which was down 3.15% to 41.655 at the close.

Declining stocks outnumbered rising ones by 505 to 345 and 38 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 1.12% to 19.37.

In commodities trading, Gold for December delivery was down 0.08% or 1.05 to $1254.85 a troy ounce. Meanwhile, Crude oil for delivery in November fell 1.24% or 0.63 to hit $50.16 a barrel, while the December Brent oil contract fell 0.95% or 0.50 to trade at $51.91 a barrel.

EUR/USD was down 0.30% to 1.1021, while EUR/GBP fell 0.98% to 0.9029.

The US Dollar Index was up 0.21% at 97.93.

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