Germany shares higher at close of trade; DAX up 0.54%

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Germany shares higher at close of trade; DAX up 0.54%
Credit: © Reuters.

Investing.com – Germany equities were higher at the close on Friday, as gains in the Technology , Basic Resources and Industrials sectors propelled shares higher.

At the close in Frankfurt, the DAX added 0.54%, while the MDAX index added 0.84%, and the TecDAX index climbed 0.69%.

The biggest gainers of the session on the DAX were BASF SE NA O.N. (DE: BASFN ), which rose 3.13% or 2.180 points to trade at 71.790 at the close. Infineon Technologies AG NA O.N. (DE: IFXGn ) added 3.01% or 0.605 points to end at 20.720 and Covestro AG (DE: 1COV ) was up 2.94% or 1.580 points to 55.320 in late trade.

Biggest losers included Merck KGaA (DE: MRCG ), which lost 2.08% or 2.06 points to trade at 97.18 in late trade. E.ON SE NA (DE: EONGn ) declined 1.29% or 0.130 points to end at 9.918 and Beiersdorf AG O.N. (DE: BEIG ) shed 0.89% or 0.840 points to 93.660.

The top performers on the MDAX were Carl Zeiss Meditec AG (DE: AFXG ) which rose 6.58% to 76.100, Aareal Bank AG (DE: ARLG ) which was up 3.46% to settle at 29.310 and Deutsche Pfandbriefbank AG (DE: PBBG ) which gained 3.34% to close at 11.46.

The worst performers were Gerresheimer AG (DE: GXIG ) which was down 1.78% to 69.100 in late trade, Drillisch AG (DE: DRIG ) which lost 1.39% to settle at 32.600 and LEG Immobilien AG (DE: LEGn ) which was down 1.18% to 104.300 at the close.

The top performers on the TecDAX were Aixtron SE NA O.N. (DE: AIXGn ) which rose 6.60% to 9.4340, Carl Zeiss Meditec AG (DE: AFXG ) which was up 6.58% to settle at 76.100 and Draegerwerk VZO O.N. (DE: DRWG_p ) which gained 5.19% to close at 45.380.

The worst performers were Medigene NA O.N. (DE: MDG1k ) which was down 4.36% to 8.985 in late trade, Drillisch AG (DE: DRIG ) which lost 1.39% to settle at 32.600 and Software AG (DE: SOWGn ) which was down 1.10% to 30.560 at the close.

Advancing stocks outnumbered falling ones by 412 to 272 and 90 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 2.86% to 12.91 a new 6-month low.

In commodities trading, Gold Futures for June delivery was up 0.07% or 0.85 to $1294.15 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.35% or 0.22 to hit $63.80 a barrel, while the June Brent oil contract rose 1.03% or 0.73 to trade at $71.56 a barrel.

EUR/USD was up 0.43% to 1.1298, while EUR/GBP rose 0.31% to 0.8641.

The US Dollar Index Futures was down 0.24% at 96.575.

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