Germany shares higher at close of trade; DAX up 0.74%

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Germany shares higher at close of trade; DAX up 0.74%
Credit: © Reuters. – Germany equities were higher at the close on Tuesday, as gains in the Insurance , Financial Services and Chemicals sectors propelled shares higher.

At the close in Frankfurt, the DAX rose 0.74%, while the MDAX index gained 0.99%, and the TecDAX index gained 1.01%.

The biggest gainers of the session on the DAX were Deutsche Lufthansa AG (DE: LHAG ), which rose 2.70% or 0.720 points to trade at 27.380 at the close. Muench. Rueckvers. VNA O.N. (DE: MUVGn ) added 2.42% or 4.55 points to end at 192.20 and Deutsche Boerse AG (DE: DB1Gn ) was up 2.40% or 2.600 points to 111.050 in late trade.

Biggest losers included Henkel & Co KGaA AG Pref (DE: HNKG_p ), which lost 1.39% or 1.50 points to trade at 106.40 in late trade. Beiersdorf AG O.N. (DE: BEIG ) declined 0.84% or 0.740 points to end at 86.980 and Deutsche Telekom AG Na (DE: DTEGn ) shed 0.57% or 0.075 points to 13.195.

The top performers on the MDAX were Leoni AG (DE: LEOGn ) which rose 4.72% to 57.240, Rheinmetall AG (DE: RHMG ) which was up 3.65% to settle at 116.300 and Covestro AG (DE: 1COV ) which gained 3.16% to close at 84.180.

The worst performers were Steinhoff International Holdings NV (DE: SNHG ) which was down 6.09% to 0.24 in late trade, Krones AG O.N. (DE: KRNG ) which lost 1.18% to settle at 109.000 and GEA Group AG (DE: G1AG ) which was down 1.00% to 35.800 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE: S92G ) which rose 4.53% to 58.900, Nordex SE O.N. (DE: NDXG ) which was up 3.48% to settle at 8.990 and RIB Software AG Na (DE: RIB ) which gained 3.36% to close at 32.600.

The worst performers were Dialog Semiconductor (DE: DLGS ) which was down 3.06% to 24.050 in late trade, GFT Technologies AG (DE: GFTG ) which lost 1.36% to settle at 13.810 and SLM Solutions Group AG (DE: AM3D ) which was down 1.05% to 33.05 at the close.

Advancing stocks outnumbered falling ones by 463 to 240 and 96 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 6.78% to 16.95.

In commodities trading, Gold Futures for April delivery was down 0.52% or 6.80 to $1311.00 a troy ounce. Meanwhile, Crude oil for delivery in May rose 2.12% or 1.32 to hit $63.45 a barrel, while the May Brent oil contract rose 1.86% or 1.23 to trade at $67.28 a barrel.

EUR/USD was down 0.62% to 1.2259, while EUR/GBP fell 0.44% to 0.8757.

The US Dollar Index Futures was up 0.49% at 89.91.

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