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 Thursday, as gains in the Technology , Chemicals and Telecoms sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 1.39%, while the MDAX index added 0.91%, and the TecDAX index gained 0.54%.

The biggest gainers of the session on the DAX were Deutsche Bank AG NA O.N. (DE: DBKGn ), which rose 3.62% or 0.455 points to trade at 13.025 at the close. BASF SE NA O.N. (DE: BASFN ) added 3.60% or 2.500 points to end at 71.940 and Continental AG O.N. (DE: CONG ) was up 2.86% or 5.050 points to 181.400 in late trade.

Biggest losers included RWE AG ST O.N. (DE: RWEG ), which lost 1.25% or 0.200 points to trade at 15.745 in late trade. Adidas AG NA O.N. (DE: ADSGN ) declined 1.10% or 1.450 points to end at 129.800 and E.ON SE NA (DE: EONGn ) shed 0.87% or 0.083 points to 9.440.

The top performers on the MDAX were K+S AG NA O.N. (DE: SDFGn ) which rose 6.46% to 20.010, Rheinmetall AG (DE: RHMG ) which was up 5.40% to settle at 57.000 and Deutsche Pfandbriefbank AG (DE: PBBG ) which gained 3.35% to close at 8.52.

The worst performers were Fielmann AG (DE: FIEG ) which was down 2.56% to 68.590 in late trade, Rhoen Klinikum AG (DE: RHKG ) which lost 1.11% to settle at 25.890 and Covestro AG (DE: 1COV ) which was down 0.85% to 40.950 at the close.

The top performers on the TecDAX were Software AG O.N. (DE: SOWG ) which rose 6.94% to 33.355, Siltronic AG (DE: WAFGn ) which was up 3.24% to settle at 14.805 and Slm Solution G (DE: AM3D ) which gained 2.29% to close at 24.80.

The worst performers were Carl Zeiss Meditec AG (DE: AFXG ) which was down 4.22% to 35.765 in late trade, GFT Technologies AG (DE: GFTG ) which lost 1.01% to settle at 17.560 and RIB Software AG Na (DE: RIB ) which was down 0.92% to 9.115 at the close.

Advancing stocks outnumbered falling ones by 580 to 284 and 26 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 5.03% to 19.44 a new 1-month low.

In commodities trading, Gold for August delivery was down 1.02% or 13.65 to $1329.95 a troy ounce. Meanwhile, Crude oil for delivery in August rose 1.81% or 0.81 to hit $45.56 a barrel, while the September Brent oil contract rose 2.01% or 0.93 to trade at $47.19 a barrel.

EUR/USD was up 0.23% to 1.1115, while EUR/GBP fell 1.31% to 0.8333.

The US Dollar Index was down 0.26% at 96.11.

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