3 months ago
Stock Market

Germany stocks higher at close of trade; DAX up 1.38%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Basic Resources, Pharmaceuticals&Healthcare and Industrials

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Basic Resources, Pharmaceuticals&Healthcare and Industrials sectors led shares higher.

At the close in Frankfurt, the DAX rose 1.38%, while the MDAX index gained 1.81%, and the TecDAX index added 1.63%.

The best performers of the session on the DAX were Fresenius SE&Co KGAA O.N. (DE:FREG), which rose 6.80% or 2.695 points to trade at 42.355 at the close. Meanwhile, Deutsche Bank AG NA O.N. (DE:DBKGn) added 6.10% or 0.453 points to end at 7.883 and RWE AG ST O.N. (DE:RWEG) was up 3.19% or 0.595 points to 19.225 in late trade.

The worst performers of the session were Deutsche Boerse AG (DE:DB1Gn), which fell 1.04% or 1.150 points to trade at 109.400 at the close. Linde PLC (DE:LINI) declined 0.92% or 1.300 points to end at 140.500 and Deutsche Post AG NA O.N. (DE:DPWGn) was down 0.16% or 0.040 points to 25.240.

The top performers on the MDAX were Siltronic AG (DE:WAFGn) which rose 7.55% to 77.500, Duerr AG (DE:DUEG) which was up 6.01% to settle at 32.120 and Rheinmetall AG (DE:RHMG) which gained 5.85% to close at 79.300.

The worst performers were Hugo Boss AG NA O.N. (DE:BOSSn) which was down 2.95% to 57.300 in late trade, Zalando SE (DE:ZALG) which lost 2.57% to settle at 25.45 and Axel Springer SE (DE:SPRGn) which was down 1.54% to 51.200 at the close.

The top performers on the TecDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 19.29% to 0.12, Xing AG (DE:OBCGn) which was up 7.46% to settle at 245.00 and SLM Solutions Group AG (DE:AM3D) which gained 7.12% to close at 11.14.

The worst performers were DWS Group GmbH&Co KgaA (DE:DWSG) which was down 0.68% to 24.21 in late trade, Krones AG O.N. (DE:KRNG) which lost 0.54% to settle at 74.100 and Suedzucker AG (DE:SZUG) which was down 0.49% to 12.310 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 545 to 172 and 56 ended unchanged.

Shares in Deutsche Post AG NA O.N. (DE:DPWGn) fell to 52-week lows; losing 0.16% or 0.040 to 25.240. Shares in Hugo Boss AG NA O.N. (DE:BOSSn) fell to 52-week lows; down 2.95% or 1.740 to 57.300. Shares in Axel Springer SE (DE:SPRGn) fell to 52-week lows; losing 1.54% or 0.800 to 51.200.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.73% to 20.73.

Gold Futures for February delivery was up 0.29% or 3.60 to $1250.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.79% or 0.41 to hit $52.06 a barrel, while the February Brent oil contract rose 1.03% or 0.62 to trade at $60.82 a barrel.

EUR/USD was up 0.42% to 1.1364, while EUR/GBP fell 0.90% to 0.8981.

The US Dollar Index Futures was down 0.37% at 97.002.