Germany shares lower at close of trade; DAX down 0.37%

4 April 2018, 15: 37
© Reuters.  Germany shares lower at close of trade; DAX down 0.37%© Reuters. Germany shares lower at close of trade; DAX down 0.37%

Germany equities were lower at the close on Wednesday, as losses in the Food & BeveragesTechnology and Retail sectors propelled shares lower.

At the close in Frankfurt, the DAX lost 0.37%, while the MDAX index declined 0.81%, and the TecDAX index lost 1.68%.

The biggest gainers of the session on the DAX were Beiersdorf AG O.N. (DE:BEIG), which rose 1.37% or 1.240 points to trade at 91.700 at the close. Adidas AG (DE:ADSGN) added 1.28% or 2.50 points to end at 197.80 and Merck KGaA (DE:MRCG) was up 1.14% or 0.88 points to 78.10 in late trade.

Biggest losers included Infineon Technologies AG NA O.N. (DE:IFXGn), which lost 3.01% or 0.640 points to trade at 20.650 in late trade. Deutsche Lufthansa AG (DE:LHAG) declined 2.92% or 0.750 points to end at 24.970 and Fresenius Medical Care KGAA ST (DE:FMEG) shed 1.87% or 1.540 points to 80.900.

The top performers on the MDAX were Hugo Boss AG NA O.N. (DE:BOSSn) which rose 1.30% to 71.820, Tag Immobilien AG (DE:TEGG) which was up 0.83% to settle at 16.950 and Deutsche Pfandbriefbank AG (DE:PBBG) which gained 0.81% to close at 12.40.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 11.47% to 0.21 in late trade, Krones AG O.N. (DE:KRNG) which lost 4.03% to settle at 104.800 and Osram Licht AG (F:OSRn) which was down 3.72% to 56.380 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 7.20% to 7.946, S&T AG (F:SANT1) which was up 4.24% to settle at 19.190 andFreenet AG NA (DE:FNTGn) which gained 0.86% to close at 24.760.

The worst performers were Evotec AG O.N. (DE:EVTG) which was down 6.06% to 14.735 in late trade, Jenoptik AG (DE:JENG) which lost 5.04% to settle at 26.760 andRIB Software AG Na (DE:RIB) which was down 5.01% to 19.340 at the close.

Declining stocks outnumbered rising ones by 467 to 227 and 78 ended unchanged on the Frankfurt Stock Exchange.

 

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.50% to 20.34.

In commodities trading, Gold Futures for June delivery was up 0.10% or 1.30 to $1338.60 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.55% or 0.35 to hit $63.16 a barrel, while the June Brent oil contract fell 0.66% or 0.45 to trade at $67.67 a barrel.

EUR/USD was up 0.19% to 1.2294, while EUR/GBP rose 0.03% to 0.8731.

The US Dollar Index Futures was down 0.16% at 89.71.