Germany stocks lower at close of trade; DAX down 1.21%

Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Retail, Construction and Telecoms sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.21%, while the MDAX index declined 2.20%, and the TecDAX index fell 1.21%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (ETR:IFXGn), which rose 3.12% or 0.77 points to trade at 25.49 at the close. Meanwhile, Deutsche Boerse AG (ETR:DB1Gn) added 1.28% or 2.20 points to end at 173.70 and RWE AG ST O.N. (ETR:RWEG) was up 1.08% or 0.43 points to 40.11 in late trade.

The worst performers of the session were Siemens Energy AG (ETR:ENR1n), which fell 5.62% or 0.69 points to trade at 11.51 at the close. Continental AG O.N. (ETR:CONG) declined 5.57% or 2.73 points to end at 46.31 and Zalando SE (ETR:ZALG) was down 5.25% or 1.16 points to 20.93.

The top performers on the MDAX were ADTRAN Holdingsa Inc (ETR:QH9) which rose 4.46% to 21.10, Stabilus (ETR:STM1) which was up 2.93% to settle at 50.95 and Aixtron SE (ETR:AIXGn) which gained 1.82% to close at 27.47.

The worst performers were HelloFresh SE (ETR:HFGG) which was down 8.11% to 21.86 in late trade, Wacker Chemie O.N. (ETR:WCHG) which lost 6.60% to settle at 105.50 and Delivery Hero AG (ETR:DHER) which was down 5.85% to 38.13 at the close.

The top performers on the TecDAX were ADTRAN Holdingsa Inc (ETR:QH9) which rose 4.46% to 21.10, Infineon Technologies AG NA O.N. (ETR:IFXGn) which was up 3.12% to settle at 25.49 and Hensoldt Ag (ETR:HAGG) which gained 2.05% to close at 22.40.

The worst performers were SMA Solar Technology AG (ETR:S92G) which was down 7.83% to 45.46 in late trade, Evotec AG O.N. (ETR:EVTG) which lost 5.12% to settle at 18.17 and Verbio Vereinigte Bioenergie AG (ETR:VBKG) which was down 5.12% to 62.10 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 472 to 213 and 68 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.11% to 29.97.

Gold Futures for December delivery was down 0.66% or 11.45 to $1,719.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.65% or 1.43 to hit $87.95 a barrel, while the December Brent oil contract rose 1.85% or 1.70 to trade at $93.50 a barrel.

EUR/USD was down 1.09% to 0.99, while EUR/GBP unchanged 0.29% to 0.87.

The US Dollar Index Futures was up 1.12% at 111.21.