Germany stocks lower at close of trade; DAX down 1.15%

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

At the close in Frankfurt, the DAX lost 1.15%, while the MDAX index lost 0.98%, and the TecDAX index declined 0.97%.

The best performers of the session on the DAX were Vonovia SE , which rose 0.26% or 0.14 points to trade at 54.86 at the close. Meanwhile, Adidas AG added 0.21% or 0.60 points to end at 291.25 and Siemens AG Class N  was up 0.11% or 0.15 points to 137.19 in late trade.

The worst performers of the session were MTU Aero Engines NA O.N. , which fell 2.36% or 5.20 points to trade at 214.70 at the close. Volkswagen AG VZO O.N.  declined 2.18% or 4.88 points to end at 218.78 and Covestro AG  was down 2.12% or 1.180 points to 54.440.

The top performers on the MDAX were Knorr-Bremse AG  which rose 1.47% to 110.60, Thyssenkrupp AG O.N.  which was up 1.29% to settle at 8.506 and Fraport AG  which gained 0.99% to close at 61.450.

The worst performers were HelloFresh SE  which was down 4.88% to 76.40 in late trade, Deutsche Lufthansa AG  which lost 3.07% to settle at 9.805 and Wacker Chemie O.N.  which was down 3.06% to 128.75 at the close.

The top performers on the TecDAX were Draegerwerk VZO O.N. which rose 1.46% to 80.050, Sartorius AG VZO O.N. which was up 0.55% to settle at 417.500 and Qiagen NV which gained 0.24% to close at 39.730.

The worst performers were Varta AG which was down 2.98% to 141.700 in late trade, United Internet AG NA which lost 2.54% to settle at 34.560 and Morphosys AG O.N. which was down 2.49% to 63.450 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 448 to 242 and 66 ended unchanged.

The DAX VOLATILITY Index, which measures the implied volatility of DAX options, was up 4.05% to 19.01.

The FTSE MIB climbed up by 0.38% to 25,162.71. In the cash markets, the DAX futures Germany was trading up 0.32%  to 15,506.17. CAC 40 futures in France rose by 0.55% to 6,588.60 while the FTSE 100 futures in the U.K. was up by 0.26% to 7,091.27 ,at the time of writing.

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