Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Pharmaceuticals & Healthcare, Financial Services and Telecoms sectors led shares lower.
At the close in Frankfurt, the DAX lost 0.97%, while the MDAX index declined 0.13%, and the TecDAX index declined 1.35%.
The best performers of the session on the DAX were Beiersdorf AG O.N. (DE:BEIG), which rose 2.90% or 2.470 points to trade at 87.600 at the close. Meanwhile, Lufthansa AG VNA O.N. (DE:LHAG) added 1.77% or 0.245 points to end at 14.050 and RWE AG ST O.N. (DE:RWEG) was up 1.72% or 0.230 points to 13.580 in late trade.
The worst performers of the session were Volkswagen AG VZO O.N. (DE:VOWG_p), which fell 9.50% or 10.550 points to trade at 100.450 at the close. Deutsche Boerse NA O.N. (DE:DB1Gn) declined 2.79% or 2.300 points to end at 80.150 and Fresenius Medical Care KGAA ST (DE:FMEG) was down 2.76% or 2.260 points to 79.600.
The top performers on the MDAX were Norma Group AG NA O.N. (DE:NOEJ) which rose 5.56% to 48.890, Duerr AG O.N. (DE:DUEG) which was up 3.78% to settle at 81.880 and Gerry Weber Internat.O.N. (DE:GWIG) which gained 3.04% to close at 16.280.
The worst performers were Leoni AG NA O.N. (DE:LEOGn) which was down 3.30% to 37.555 in late trade, Rheinmetall AG (DE:RHMG) which lost 3.10% to settle at 56.290 and Evonik Industries AG (DE:EVKn) which was down 2.93% to 32.475 at the close.
The top performers on the TecDAX were Adva Optical Networking SE (DE:ADAG) which rose 3.98% to 10.090, Aixtron SE NA O.N. (DE:AIXGn) which was up 2.72% to settle at 6.185 and Kontron AG O.N. (DE:KBCG) which gained 2.70% to close at 3.429.
The worst performers were SMA Solar Technology AG (DE:S92G) which was down 8.50% to 40.440 in late trade, Morphosys AG O.N. (DE:MORG) which lost 6.18% to settle at 52.520 and STRATEC Biomedical AG (DE:SBSG) which was down 3.32% to 52.730 at the close.
Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 354 to 333 and 31 ended unchanged.
Shares in Beiersdorf AG O.N. (DE:BEIG) rose to all time highs; up 2.90% or 2.470 to 87.600. Shares in Morphosys AG O.N. (DE:MORG) fell to 52-week lows; losing 6.18% or 3.460 to 52.520.
The DAX volatility index, which measures the implied volatility of DAX options, was up 3.97% to 20.69.
Gold for December delivery was down 0.13% or 1.40 to $1112.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 2.88% or 1.38 to hit $46.52 a barrel, while the December Brent oil contract fell 3.24% or 1.64 to trade at $48.91 a barrel.
EUR/USD was down 0.92% to 1.0863, while EUR/GBP fell 0.72% to 0.7058.
The US Dollar Index was up 0.77% at 98.00.