2 months ago
Stock Market

Germany stocks higher at close of trade; DAX up 0.83%

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

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

At the close in Frankfurt, the DAX rose 0.83%, while the MDAX index added 1.29%, and the TecDAX index added 1.13%.

The best performers of the session on the DAX were Fresenius Medical Care KGAA ST (DE:FMEG), which rose 3.86% or 2.240 points to trade at 60.320 at the close. Meanwhile, Wirecard AG (DE:WDIG) added 3.62% or 5.000 points to end at 142.950 and Continental AG O.N. (DE:CONG) was up 3.08% or 3.95 points to 132.30 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 2.77% or 0.211 points to trade at 7.412 at the close. E.ON SE NA (DE:EONGn) declined 1.03% or 0.093 points to end at 8.934 and Deutsche Telekom AG Na (DE:DTEGn) was down 0.64% or 0.095 points to 14.770.

The top performers on the MDAX were Wacker Chemie O.N. (DE:WCHG) which rose 7.79% to 86.60, Siltronic AG (DE:WAFGn) which was up 5.17% to settle at 80.100 and Salzgitter AG (DE:SZGG) which gained 4.43% to close at 27.600.

The worst performers were Drillisch AG (DE:DRIG) which was down 6.50% to 43.180 in late trade, Freenet AG NA (DE:FNTGn) which lost 3.51% to settle at 17.0600 and Telefonica Deutschland Holding AG (DE:O2Dn) which was down 3.33% to 3.219 at the close.

The top performers on the TecDAX were Dr. Hoenle AG O.N. (DE:HNLG) which rose 9.11% to 46.700, JOST Werke AG (DE:JSTG) which was up 6.03% to settle at 29.0000 and ADO Properties SARL (DE:ADJ) which gained 5.53% to close at 48.84.

The worst performers were DWS Group GmbH&Co KgaA (DE:DWSG) which was down 3.09% to 23.02 in late trade, SMA Solar Technology AG (DE:S92G) which lost 2.71% to settle at 17.230 and Vossloh AG (DE:VOSG) which was down 2.59% to 41.450 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 493 to 228 and 59 ended unchanged.

Shares in Telefonica Deutschland Holding AG (DE:O2Dn) fell to all time lows; down 3.33% or 0.111 to 3.219.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.12% to 20.38.

Gold Futures for February delivery was up 0.28% or 3.55 to $1289.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 4.72% or 2.35 to hit $52.13 a barrel, while the March Brent oil contract rose 4.21% or 2.47 to trade at $61.19 a barrel.

EUR/USD was up 0.75% to 1.1526, while EUR/GBP rose 0.47% to 0.9034.

The US Dollar Index Futures was down 0.57% at 94.933.