Germany shares higher at close of trade; DAX up 0.33%

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Germany shares higher at close of trade; DAX up 0.33%
Credit: © Reuters. – Germany equities were higher at the close on Wednesday, as gains in the Food & Beverages , Technology and Basic Resources sectors propelled shares higher.

At the close in Frankfurt, the DAX rose 0.33%, while the MDAX index climbed 1.23%, and the TecDAX index climbed 0.80%.

The biggest gainers of the session on the DAX were Commerzbank AG O.N. (DE: CBKG ), which rose 2.73% or 0.295 points to trade at 11.115 at the close. Volkswagen AG VZO O.N. (DE: VOWG_p ) added 1.90% or 2.55 points to end at 136.60 and Infineon Technologies AG NA O.N. (DE: IFXGn ) was up 1.63% or 0.300 points to 18.700 in late trade.

Biggest losers included Merck KGaA (DE: MRCG ), which lost 3.35% or 3.30 points to trade at 95.18 in late trade. Fresenius SE & Co KGAA O.N. (DE: FREG ) declined 0.77% or 0.570 points to end at 73.040 and Daimler AG NA O.N. (DE: DAIGn ) shed 0.75% or 0.460 points to 60.600.

The top performers on the MDAX were Kion Group AG (DE: KGX ) which rose 7.35% to 73.43, Metro AG (DE: MEOG ) which was up 7.13% to settle at 9.885 and Covestro AG (DE: 1COV ) which gained 3.11% to close at 66.720.

The worst performers were Deutsche Pfandbriefbank AG (DE: PBBG ) which was down 0.75% to 11.30 in late trade, Alstria Office Reit-Ag (DE: AOXG ) which lost 0.32% to settle at 12.325 and Hochtief AG (DE: HOTG ) which was down 0.30% to 151.20 at the close.

The top performers on the TecDAX were Aixtron SE (DE: AIXGn ) which rose 6.25% to 7.957, Bechtle AG (DE: BC8G ) which was up 3.37% to settle at 60.480 and Dialog Semiconductor (DE: DLGS ) which gained 2.95% to close at 39.070.

The worst performers were Evotec AG O.N. (DE: EVTG ) which was down 3.00% to 11.800 in late trade, Jenoptik AG (DE: JENG ) which lost 1.57% to settle at 23.160 and RIB Software AG Na (DE: RIB ) which was down 0.97% to 14.745 at the close.

Advancing stocks outnumbered falling ones by 443 to 322 and 22 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 2.94% to 13.39.

In commodities trading, Gold Futures for August delivery was down 0.28% or 3.52 to $1248.58 a troy ounce. Meanwhile, Crude oil for delivery in September rose 1.55% or 0.74 to hit $48.63 a barrel, while the September Brent oil contract rose 1.27% or 0.64 to trade at $50.84 a barrel.

EUR/USD was down 0.10% to 1.1634, while EUR/GBP fell 0.28% to 0.8916.

The US Dollar Index Futures was up 0.10% at 94.01.

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