2 months ago
Stock Market

Germany stocks higher at close of trade; DAX up 0.36%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Transportation&Logistics, Construction and Technology sectors

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Transportation&Logistics, Construction and Technology sectors led shares higher.

At the close in Frankfurt, the DAX added 0.36% to hit a new 1-month high, while the MDAX index gained 0.63%, and the TecDAX index gained 0.71%.

The best performers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 8.27% or 0.619 points to trade at 8.105 at the close. Meanwhile, Deutsche Lufthansa AG (DE:LHAG) added 3.58% or 0.705 points to end at 20.420 and Covestro AG (DE:1COV) was up 2.53% or 1.140 points to 46.250 in late trade.

The worst performers of the session were Thyssenkrupp AG O.N. (DE:TKAG), which fell 1.55% or 0.250 points to trade at 15.860 at the close. Henkel&Co KGaA AG Pref (DE:HNKG_p) declined 1.44% or 1.38 points to end at 94.20 and Continental AG O.N. (DE:CONG) was down 1.10% or 1.45 points to 129.85.

The top performers on the MDAX were Commerzbank AG O.N. (DE:CBKG) which rose 7.42% to 6.649, Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which was up 5.69% to settle at 40.710 and Siltronic AG (DE:WAFGn) which gained 4.90% to close at 81.000.

The worst performers were Schaeffler AG Pref (DE:SHA_p) which was down 3.15% to 7.57 in late trade, Telefonica Deutschland Holding AG (DE:O2Dn) which lost 1.52% to settle at 3.044 and Uniper SE (DE:UN01) which was down 1.31% to 24.040 at the close.

The top performers on the TecDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 9.70% to 0.13, SGL Carbon SE (DE:SGCG) which was up 6.14% to settle at 7.005 and Aixtron SE NA O.N. (DE:AIXGn) which gained 5.51% to close at 8.5720.

The worst performers were Zooplus AG (DE:ZO1G) which was down 5.95% to 116.90 in late trade, SAF Holland SA (DE:SFQN) which lost 3.46% to settle at 10.590 and Kloeckner&Co SE NA (DE:KCOGn) which was down 1.61% to 6.4150 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 455 to 238 and 86 ended unchanged.

Shares in Telefonica Deutschland Holding AG (DE:O2Dn) fell to all time lows; falling 1.52% or 0.047 to 3.044. Shares in Zooplus AG (DE:ZO1G) fell to 52-week lows; losing 5.95% or 7.40 to 116.90.

The DAX volatility index, which measures the implied volatility of DAX options, was down 8.95% to 17.80 a new 1-month low.

Gold Futures for February delivery was up 0.49% or 6.35 to $1294.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.38% or 0.20 to hit $51.91 a barrel, while the March Brent oil contract rose 0.15% or 0.09 to trade at $60.73 a barrel.

EUR/USD was down 0.10% to 1.1402, while EUR/GBP fell 0.02% to 0.8870.

The US Dollar Index Futures was down 0.03% at 95.650.