Germany shares higher at close of trade; DAX up 1.47%

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Germany shares higher at close of trade; DAX up 1.47%
Credit: © Reuters. – Germany equities were higher at the close on Wednesday, as gains in the Utilities , Food & Beverages and Telecoms sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 1.47%, while the MDAX index climbed 0.55%, and the TecDAX index climbed 0.62%.

The biggest gainers of the session on the DAX were E.ON SE NA (DE: EONGn ), which rose 3.68% or 0.312 points to trade at 8.785 at the close. Commerzbank AG O.N. (DE: CBKG ) added 3.67% or 0.275 points to end at 7.774 and Deutsche Bank AG NA O.N. (DE: DBKGn ) was up 3.44% or 0.535 points to 16.095 in late trade.

Biggest losers included Heidelbergcement AG O.N. (DE: HEIG ), which lost 1.00% or 0.770 points to trade at 76.160 in late trade. Vonovia SE (DE: VNAn ) declined 0.20% or 0.06 points to end at 30.66 and Adidas AG NA O.N. (DE: ADSGN ) shed 0.17% or 0.200 points to 114.600.

The top performers on the MDAX were Leoni AG NA O.N. (DE: LEOGn ) which rose 4.91% to 29.995, Talanx AG NA O.N. (DE: TLXGn ) which was up 2.89% to settle at 29.750 and Aurubis AG (DE: NAFG ) which gained 2.67% to close at 46.645.

The worst performers were LEG Immobilien AG (DE: LEGn ) which was down 1.78% to 78.760 in late trade, Salzgitter AG O.N. (DE: SZGG ) which lost 0.73% to settle at 26.460 and Deutsche Wohnen AG Inh (DE: DWNG ) which was down 0.72% to 28.225 at the close.

The top performers on the TecDAX were Qiagen NV (DE: QGEN ) which rose 2.90% to 19.315, Dialog Semiconductor (DE: DLGS ) which was up 2.31% to settle at 28.955 and Telefonica Deutschland Holding AG (DE: O2Dn ) which gained 2.13% to close at 4.179.

The worst performers were United Internet AG NA (DE: UTDI ) which was down 1.61% to 42.910 in late trade, Pfeiffer Vacuum Technology O.N. (DE: PV ) which lost 1.19% to settle at 85.770 and Wirecard AG (DE: WDIG ) which was down 1.15% to 39.800 at the close.

Advancing stocks outnumbered falling ones by 641 to 244 and 27 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 6.09% to 19.57.

In commodities trading, Gold for June delivery was down 0.52% or 6.45 to $1222.75 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.58% or 0.28 to hit $48.90 a barrel, while the July Brent oil contract rose 1.07% or 0.52 to trade at $49.13 a barrel.

EUR/USD was up 0.13% to 1.1155, while EUR/GBP fell 0.30% to 0.7591.

The US Dollar Index was down 0.14% at 95.46.

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