Germany shares higher at close of trade; DAX up 1.68%

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Germany shares higher at close of trade; DAX up 1.68%
Credit: © Reuters. – Germany equities were higher at the close on Thursday, as gains in the Utilities , Technology and Pharmaceuticals & Healthcare sectors propelled shares higher.

At the close in Frankfurt, the DAX rose 1.68%, while the MDAX index climbed 1.20%, and the TecDAX index climbed 1.39%.

The biggest gainers of the session on the DAX were E.ON SE NA (DE: EONGn ), which rose 3.36% or 0.301 points to trade at 9.272 at the close. RWE AG ST O.N. (DE: RWEG ) added 3.24% or 0.630 points to end at 20.060 and Fresenius SE & Co KGAA O.N. (DE: FREG ) was up 3.14% or 2.160 points to 70.940 in late trade.

Biggest losers included Commerzbank AG O.N. (DE: CBKG ), which lost 1.93% or 0.183 points to trade at 9.297 in late trade. Covestro AG (DE: 1COV ) declined 0.56% or 0.440 points to end at 77.600 and Thyssenkrupp AG O.N. (DE: TKAG ) shed 0.38% or 0.090 points to 23.690.

The top performers on the MDAX were Airbus Group SE (DE: AIRG ) which rose 4.37% to 104.58, Metro Wholesale & Food Specialist AG (DE: B4B ) which was up 3.26% to settle at 11.4000 and MTU Aero Engines NA O.N. (DE: MTXGn ) which gained 2.97% to close at 166.60.

The worst performers were Norma Group AG NA O.N. (DE: NOEJ ) which was down 1.37% to 68.400 in late trade, Deutsche Pfandbriefbank AG (DE: PBBG ) which lost 1.30% to settle at 13.69 and Rheinmetall AG (DE: RHMG ) which was down 1.13% to 109.650 at the close.

The top performers on the TecDAX were Aixtron SE (DE: AIXGn ) which rose 3.49% to 13.500, S&T AG (F: SANT1 ) which was up 3.23% to settle at 22.400 and Wirecard AG (DE: WDIG ) which gained 3.13% to close at 156.300.

The worst performers were Jenoptik AG (DE: JENG ) which was down 4.46% to 37.720 in late trade, SLM Solutions Group AG (DE: AM3D ) which lost 3.12% to settle at 35.75 and Medigene NA O.N. (DE: MDG1k ) which was down 0.76% to 13.070 at the close.

Advancing stocks outnumbered falling ones by 483 to 220 and 83 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 11.58% to 12.78 a new 3-month low.

In commodities trading, Gold Futures for August delivery was up 0.46% or 6.00 to $1307.30 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.08% or 0.05 to hit $66.69 a barrel, while the August Brent oil contract fell 0.87% or 0.67 to trade at $76.07 a barrel.

EUR/USD was down 1.40% to 1.1626, while EUR/GBP fell 0.98% to 0.8730.

The US Dollar Index Futures was up 1.03% at 94.52.

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