Germany shares higher at close of trade; DAX up 1.39%

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Germany shares higher at close of trade; DAX up 1.39%
Credit: © Reuters. – Germany equities were higher at the close on Monday, as gains in the Insurance , Food & Beverages and Transportation & Logistics sectors propelled shares higher.

At the close in Frankfurt, the DAX rose 1.39% to hit a new 1-month high, while the MDAX index added 1.31%, and the TecDAX index gained 1.46%.

The biggest gainers of the session on the DAX were Muench. Rueckvers. VNA O.N. (DE: MUVGn ), which rose 4.07% or 6.90 points to trade at 176.40 at the close. Commerzbank AG O.N. (DE: CBKG ) added 3.24% or 0.330 points to end at 10.500 and Deutsche Bank AG NA O.N. (DE: DBKGn ) was up 2.77% or 0.370 points to 13.710 in late trade.

Biggest losers included Daimler AG NA O.N. (DE: DAIGn ), which lost 0.28% or 0.180 points to trade at 64.650 in late trade. Merck KGaA (DE: MRCG ) added 0.18% or 0.17 points to end at 96.00 and Prosiebensat 1 Media AG (DE: PSMGn ) gained 0.27% or 0.075 points to 27.790.

The top performers on the MDAX were Hannover Rueck SE (DE: HNRGn ) which rose 5.38% to 101.85, Talanx AG NA O.N. (DE: TLXGn ) which was up 3.14% to settle at 34.370 and Rheinmetall AG (DE: RHMG ) which gained 3.04% to close at 92.790.

The worst performers were Fielmann AG (DE: FIEG ) which was down 0.99% to 72.350 in late trade, Steinhoff International Holdings NV (DE: SNHG ) which lost 0.78% to settle at 4.19 and Schaeffler AG Pref (DE: SHA_p ) which was down 0.12% to 12.31 at the close.

The top performers on the TecDAX were Aixtron SE (DE: AIXGn ) which rose 11.65% to 10.830, S&T AG (F: SANT1 ) which was up 7.93% to settle at 18.249 and Adva Optical Networking SE (DE: ADAG ) which gained 4.15% to close at 5.374.

The worst performers were SMA Solar Technology AG (DE: S92G ) which was down 2.04% to 35.610 in late trade, Nordex SE O.N. (DE: NDXG ) which lost 1.39% to settle at 9.509 and Pfeiffer Vacuum Technology O.N. (DE: PV ) which was down 0.85% to 133.95 at the close.

Advancing stocks outnumbered falling ones by 583 to 176 and 32 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 10.06% to 13.75 a new 1-month low.

In commodities trading, Gold Futures for December delivery was down 1.04% or 14.04 to $1337.16 a troy ounce. Meanwhile, Crude oil for delivery in October rose 1.35% or 0.64 to hit $48.12 a barrel, while the November Brent oil contract fell 0.09% or 0.05 to trade at $53.73 a barrel.

EUR/USD was down 0.64% to 1.1959, while EUR/GBP fell 0.45% to 0.9080.

The US Dollar Index Futures was up 0.60% at 91.86.

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