Germany shares higher at close of trade; DAX up 1.51%

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Germany shares higher at close of trade; DAX up 1.51%
Credit: © Reuters. – Germany equities were higher at the close on Wednesday, as gains in the Technology , Basic Resources and Industrials sectors propelled shares higher.

At the close in Frankfurt, the DAX rose 1.51% to hit a new 1-month high, while the MDAX index climbed 1.34%, and the TecDAX index climbed 2.59%.

The biggest gainers of the session on the DAX were Infineon Technologies AG NA O.N. (DE: IFXGn ), which rose 4.46% or 0.950 points to trade at 22.230 at the close. Deutsche Boerse AG (DE: DB1Gn ) added 4.30% or 4.800 points to end at 116.450 and Volkswagen AG VZO O.N. (DE: VOWG_p ) was up 3.49% or 6.00 points to 177.84 in late trade.

Biggest losers included Henkel & Co KGaA AG Pref (DE: HNKG_p ), which lost 1.14% or 1.20 points to trade at 104.20 in late trade. Beiersdorf AG O.N. (DE: BEIG ) declined 0.19% or 0.180 points to end at 93.740 and Bayer AG NA (DE: BAYGN ) gained 0.34% or 0.34 points to 99.62.

The top performers on the MDAX were Osram Licht AG (DE: OSRn ) which rose 6.05% to 50.66, Stroeer SE (DE: SAXG ) which was up 4.03% to settle at 63.200 and Leoni AG (DE: LEOGn ) which gained 4.00% to close at 54.140.

The worst performers were STADA Arzneimittel VNA O.N. (DE: STAGn ) which was down 1.96% to 82.200 in late trade, Krones AG O.N. (DE: KRNG ) which lost 1.03% to settle at 105.300 and Talanx AG NA O.N. (DE: TLXGn ) which was down 0.96% to 37.020 at the close.

The top performers on the TecDAX were Dialog Semiconductor (DE: DLGS ) which rose 8.49% to 19.240, Aixtron SE (DE: AIXGn ) which was up 6.43% to settle at 12.617 and Jenoptik AG (DE: JENG ) which gained 5.83% to close at 31.960.

The worst performers were SLM Solutions Group AG (DE: AM3D ) which was down 3.73% to 32.25 in late trade, RIB Software AG Na (DE: RIB ) which lost 2.91% to settle at 21.340 and Adva Optical Networking SE (DE: ADAG ) which was down 1.92% to 5.610 at the close.

Advancing stocks outnumbered falling ones by 459 to 245 and 64 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 2.31% to 15.32.

In commodities trading, Gold Futures for June delivery was down 0.05% or 0.60 to $1306.20 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.45% or 0.30 to hit $67.55 a barrel, while the July Brent oil contract fell 0.01% or 0.01 to trade at $73.12 a barrel.

EUR/USD was down 0.27% to 1.1961, while EUR/GBP fell 0.11% to 0.8798.

The US Dollar Index Futures was up 0.22% at 92.48.

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