Germany shares higher at close of trade; DAX up 0.34%

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Germany shares higher at close of trade; DAX up 0.34%
Credit: © Reuters. – Germany equities were higher at the close on Wednesday, as gains in the Basic Resources , Food & Beverages and Technology sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 0.34%, while the MDAX index gained 0.45%, and the TecDAX index gained 0.37%.

The biggest gainers of the session on the DAX were Commerzbank AG O.N. (DE: CBKG ), which rose 4.51% or 0.404 points to trade at 9.353 at the close. Adidas AG (DE: ADSGN ) added 3.56% or 7.00 points to end at 203.40 and Fresenius SE & Co KGAA O.N. (DE: FREG ) was up 2.79% or 1.860 points to 68.520 in late trade.

Biggest losers included RWE AG ST O.N. (DE: RWEG ), which lost 1.67% or 0.325 points to trade at 19.145 in late trade. Beiersdorf AG O.N. (DE: BEIG ) declined 1.32% or 1.300 points to end at 97.200 and E.ON SE NA (DE: EONGn ) shed 0.95% or 0.085 points to 8.882.

The top performers on the MDAX were Osram Licht AG (DE: OSRn ) which rose 2.51% to 53.16, Jungheinrich AG O.N.VZO (DE: JUNG_p ) which was up 2.49% to settle at 34.580 and Salzgitter AG (DE: SZGG ) which gained 2.46% to close at 45.440.

The worst performers were Wacker Chemie O.N. (DE: WCHG ) which was down 3.48% to 129.05 in late trade, Norma Group AG NA O.N. (DE: NOEJ ) which lost 3.09% to settle at 67.350 and Krones AG O.N. (DE: KRNG ) which was down 1.23% to 112.700 at the close.

The top performers on the TecDAX were Dialog Semiconductor (DE: DLGS ) which rose 4.40% to 16.000, GFT Technologies AG (DE: GFTG ) which was up 3.34% to settle at 14.530 and Xing AG (DE: OBCGn ) which gained 3.10% to close at 283.00.

The worst performers were SLM Solutions Group AG (DE: AM3D ) which was down 2.24% to 34.85 in late trade, Sartorius AG VZO O.N. (DE: SATG_p ) which lost 1.12% to settle at 123.100 and Freenet AG NA (DE: FNTGn ) which was down 0.84% to 24.920 at the close.

Advancing stocks outnumbered falling ones by 375 to 326 and 85 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 2.07% to 15.64.

In commodities trading, Gold Futures for August delivery was up 0.12% or 1.50 to $1303.70 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.27% or 0.83 to hit $64.69 a barrel, while the August Brent oil contract fell 0.57% or 0.43 to trade at $74.95 a barrel.

EUR/USD was up 0.55% to 1.1777, while EUR/GBP rose 0.40% to 0.8782.

The US Dollar Index Futures was down 0.32% at 93.55.

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