Investing.com – Germany equities were lower at the close on Thursday, as losses in the Food & Beverages, Financial Services and Utilities sectors propelled shares lower.
At the close in Frankfurt, the DAX lost 2.37% to hit a new 52-week low, while the MDAX index fell 1.41%, and the TecDAX index lost 1.27%.
The biggest gainers of the session on the DAX were Fresenius Medical Care KGAA ST (DE:FMEG), which fell 0.21% or 0.120 points to trade at 57.060 at the close. SAP SE (DE:SAPG) fell 0.73% or 0.630 points to end at 85.790 and Muench. Rueckvers. VNA O.N. (DE:MUVGn) was down 1.11% or 2.10 points to 186.25 in late trade.
Biggest losers included Merck KGaA (DE:MRCG), which lost 4.46% or 4.16 points to trade at 89.20 in late trade. Vonovia SE (DE:VNAn) declined 4.29% or 1.78 points to end at 39.70 and Deutsche Bank AG NA O.N. (DE:DBKGn) shed 4.15% or 0.292 points to 6.750.
The top performers on the MDAX were Delivery Hero AG (DE:DHER) which rose 4.54% to 31.78, Nemetschek AG O.N. (DE:NEKG) which was up 2.18% to settle at 93.800 and Zalando SE (DE:ZALG) which gained 1.78% to close at 22.93.
The worst performers were Morphosys AG O.N. (DE:MORG) which was down 5.22% to 87.2000 in late trade, Commerzbank AG O.N. (DE:CBKG) which lost 4.67% to settle at 5.538 and Stroeer SE (DE:SAXG) which was down 4.57% to 42.620 at the close.
The top performers on the TecDAX were Steinhoff International Holdings NV (DE:SNHG) which unchanged 4.09% to 0.10, SAF Holland SA (DE:SFQN) which was up 1.36% to settle at 11.200 and Befesa SA (DE:BFSA) which gained 1.10% to close at 36.70.
The worst performers were SLM Solutions Group AG (DE:AM3D) which was down 11.80% to 8.82 in late trade, ADO Properties SARL (DE:ADJ) which lost 5.72% to settle at 44.84 and Stroeer SE (DE:SAXG) which was down 4.57% to 42.620 at the close.
Declining stocks outnumbered rising ones by 571 to 167 and 41 ended unchanged on the Frankfurt Stock Exchange.
The DAX volatility index, which measures the implied volatility of DAX options, was up 21.14% to 25.33 a new 6-month high.
In commodities trading, Gold Futures for February delivery was up 0.77% or 9.75 to $1279.50 a troy ounce. Meanwhile, Crude oil for delivery in February fell 3.35% or 1.56 to hit $45.05 a barrel, while the March Brent oil contract fell 3.47% or 1.92 to trade at $53.37 a barrel.
EUR/USD was up 0.61% to 1.1422, while EUR/GBP rose 0.61% to 0.9042.
The US Dollar Index Futures was down 0.43% at 96.165.