Germany stocks lower at close of trade; DAX down 1.19%

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Germany stocks were lower after the close on Wednesday, as losses in the Technology, Insurance and Software sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.19%, while the MDAX index lost 0.93%, and the TecDAX index declined 1.67%.

The best performers of the session on the DAX were Heidelbergcement AG O.N. (DE:HEIG), which rose 0.46% or 0.260 points to trade at 57.360 at the close. Meanwhile, Bayer AG NA (DE:BAYGN) added 0.43% or 0.28 points to end at 65.61 and RWE AG ST O.N. (DE:RWEG) was up 0.41% or 0.080 points to 19.390 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 2.67% or 3.700 points to trade at 134.850 at the close. Infineon Technologies AG NA O.N. (DE:IFXGn) declined 2.39% or 0.450 points to end at 18.355 and Fresenius Medical Care KGAA ST (DE:FMEG) was down 2.18% or 1.600 points to 71.720.

The top performers on the MDAX were Hella KGaA Hueck & Co (DE:HLE) which rose 1.72% to 36.70, Duerr AG (DE:DUEG) which was up 1.51% to settle at 33.030 and Alstria Office Reit-Ag (DE:AOXG) which gained 1.48% to close at 12.360.

The worst performers were Evotec AG O.N. (DE:EVTG) which was down 16.88% to 17.530 in late trade, Wacker Chemie O.N. (DE:WCHG) which lost 3.77% to settle at 80.66 and Rocket Internet (DE:RKET) which was down 3.59% to 22.02 at the close.

The top performers on the TecDAX were Krones AG O.N. (DE:KRNG) which rose 2.46% to 75.100, Bertrandt AG (DE:BDTG) which was up 2.23% to settle at 75.700 and Cancom SE O.N. (DE:COKG) which gained 2.12% to close at 33.760.

The worst performers were Medigene NA O.N. (DE:MDG1k) which was down 6.41% to 8.610 in late trade, Dr. Hoenle AG O.N. (DE:HNLG) which lost 5.26% to settle at 54.000 and Bilfinger SE O.N. (DE:GBFG) which was down 5.14% to 27.6600 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 536 to 169 and 70 ended unchanged.

Shares in Medigene NA O.N. (DE:MDG1k) fell to 52-week lows; losing 6.41% or 0.590 to 8.610. Shares in Bilfinger SE O.N. (DE:GBFG) fell to 52-week lows; losing 5.14% or 1.5000 to 27.6600.

The DAX volatility index, which measures the implied volatility of DAX options, was up 9.75% to 20.15.

Gold Futures for February delivery was down 0.29% or 3.60 to $1243.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.24% or 0.13 to hit $53.38 a barrel, while the February Brent oil contract rose 0.24% or 0.15 to trade at $62.23 a barrel.

EUR/USD was up 0.06% to 1.1350, while EUR/GBP fell 0.10% to 0.8908.

The US Dollar Index Futures was up 0.05% at 96.955.

Source: Investing.com

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