1 month ago
Stock Market

Germany stocks higher at close of trade; DAX up 0.37%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Basic Resources, Technology and Construction

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

At the close in Frankfurt, the DAX rose 0.37%, while the MDAX index gained 0.61%, and the TecDAX index gained 0.43%.

The best performers of the session on the DAX were Continental AG O.N. (DE:CONG), which rose 1.98% or 2.65 points to trade at 136.65 at the close. Meanwhile, Heidelbergcement AG O.N. (DE:HEIG) added 1.87% or 1.100 points to end at 60.060 and Daimler AG NA O.N. (DE:DAIGn) was up 1.69% or 0.835 points to 50.220 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 4.88% or 4.970 points to trade at 96.880 at the close. Thyssenkrupp AG O.N. (DE:TKAG) declined 4.53% or 0.650 points to end at 13.690 and RWE AG ST O.N. (DE:RWEG) was down 1.34% or 0.300 points to 22.110.

The top performers on the MDAX were Osram Licht AG (DE:OSRn) which rose 14.32% to 40.00, Kion Group AG (DE:KGX) which was up 7.03% to settle at 53.62 and Norma Group AG NA O.N. (DE:NOEJ) which gained 6.30% to close at 46.600.

The worst performers were Zalando SE (DE:ZALG) which was down 4.68% to 25.68 in late trade, Commerzbank AG O.N. (DE:CBKG) which lost 2.92% to settle at 6.223 and Evotec AG O.N. (DE:EVTG) which was down 1.57% to 20.120 at the close.

The top performers on the TecDAX were Kloeckner&Co SE NA (DE:KCOGn) which rose 7.51% to 6.6550, Jenoptik AG (DE:JENGn) which was up 4.35% to settle at 30.680 and Nordex SE O.N. (DE:NDXG) which gained 4.07% to close at 10.315.

The worst performers were Zooplus AG (DE:ZO1G) which was down 3.13% to 108.50 in late trade, Heidelberger Druckmaschinen O.N. (DE:HDDG) which lost 2.25% to settle at 1.6040 and Bertrandt AG (DE:BDTG) which was down 1.86% to 73.750 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 410 to 296 and 72 ended unchanged.

Shares in Thyssenkrupp AG O.N. (DE:TKAG) fell to 52-week lows; down 4.53% or 0.650 to 13.690.

The DAX volatility index, which measures the implied volatility of DAX options, was up 1.03% to 16.69.

Gold Futures for April delivery was up 0.12% or 1.55 to $1315.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 2.20% or 1.17 to hit $54.27 a barrel, while the April Brent oil contract rose 2.10% or 1.31 to trade at $63.73 a barrel.

EUR/USD was down 0.34% to 1.1285, while EUR/GBP fell 0.11% to 0.8772.

The US Dollar Index Futures was up 0.32% at 96.812.