Germany shares higher at close of trade; DAX up 1.06%

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Germany shares higher at close of trade; DAX up 1.06%
Credit: © Reuters. – Germany equities were higher at the close on Friday, as gains in the Technology , Insurance and Consumer & Cyclical sectors propelled shares higher.

At the close in Frankfurt, the DAX added 1.06%, while the MDAX index gained 1.06%, and the TecDAX index gained 1.65%.

The biggest gainers of the session on the DAX were Covestro AG (DE: 1COV ), which rose 3.69% or 2.720 points to trade at 76.420 at the close. Infineon Technologies AG NA O.N. (DE: IFXGn ) added 2.63% or 0.560 points to end at 21.830 and Allianz SE VNA O.N. (DE: ALVG ) was up 2.50% or 4.32 points to 177.02 in late trade.

Biggest losers included Continental AG O.N. (DE: CONG ), which lost 0.81% or 1.60 points to trade at 195.55 in late trade. Volkswagen AG VZO O.N. (DE: VOWG_p ) declined 0.64% or 0.92 points to end at 142.22 and Daimler AG NA O.N. (DE: DAIGn ) shed 0.18% or 0.100 points to 55.130.

The top performers on the MDAX were Osram Licht AG (DE: OSRn ) which rose 6.38% to 35.00, Rocket Internet (DE: RKET ) which was up 4.64% to settle at 27.50 and Wacker Chemie O.N. (DE: WCHG ) which gained 4.18% to close at 112.15.

The worst performers were RTL Group SA (DE: RRTL ) which was down 7.26% to 58.100 in late trade, Prosiebensat 1 Media AG (DE: PSMGn ) which lost 6.34% to settle at 21.7300 and Deutsche Euroshop AG (DE: DEQGn ) which was down 2.89% to 30.260 at the close.

The top performers on the TecDAX were RIB Software AG Na (DE: RIB ) which rose 7.57% to 19.900, Nordex SE O.N. (DE: NDXG ) which was up 5.40% to settle at 8.698 and S&T AG (DE: SANT1 ) which gained 4.94% to close at 22.08.

The worst performers were Isra Vision O.N. (DE: ISRG ) which was down 2.23% to 52.60 in late trade, Siemens Healthineers AG (DE: SHLG ) which lost 0.97% to settle at 35.35 and United Internet AG NA (DE: UTDI ) which was down 0.49% to 49.060 at the close.

Advancing stocks outnumbered falling ones by 513 to 202 and 68 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 9.22% to 17.83.

In commodities trading, Gold Futures for August delivery was up 0.27% or 3.40 to $1254.40 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.63% or 0.46 to hit $73.91 a barrel, while the September Brent oil contract rose 1.91% or 1.48 to trade at $79.09 a barrel.

EUR/USD was up 0.96% to 1.1679, while EUR/GBP rose 0.03% to 0.8849.

The US Dollar Index Futures was down 0.76% at 94.28.

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