Germany shares higher at close of trade; DAX up 1.60%

  • Investing.com
  • Stock Market News
Germany shares higher at close of trade; DAX up 1.60%
Credit: © Reuters.

Investing.com – Germany equities were higher at the close on Wednesday, as gains in the Utilities , Basic Resources and Retail sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 1.60% to hit a new 1-month high, while the MDAX index climbed 1.86%, and the TecDAX index added 1.77%.

The biggest gainers of the session on the DAX were Thyssenkrupp AG O.N. (DE: TKAG ), which rose 8.27% or 1.390 points to trade at 18.195 at the close. E.ON SE NA (DE: EONGn ) added 6.42% or 0.523 points to end at 8.671 and RWE AG ST O.N. (DE: RWEG ) was up 5.42% or 0.585 points to 11.385 in late trade.

Biggest losers included Deutsche Bank AG NA O.N. (DE: DBKGn ), which lost 1.37% or 0.210 points to trade at 15.155 in late trade. Lufthansa AG VNA O.N. (DE: LHAG ) declined 0.28% or 0.040 points to end at 14.065 and Merck KGAA O.N. (DE: MRCG ) gained 0.14% or 0.100 points to 74.070.

The top performers on the MDAX were Metro AG ST O.N. (DE: MEOG ) which rose 11.52% to 27.400, Leoni AG NA O.N. (DE: LEOGn ) which was up 5.28% to settle at 30.090 and Salzgitter AG O.N. (DE: SZGG ) which gained 5.26% to close at 25.020.

The worst performers were Kabel Deutschland Holding AG O.N. (DE: KD8Gn ) which was down 11.03% to 102.000 in late trade, Talanx AG NA O.N. (DE: TLXGn ) which lost 0.49% to settle at 29.430 and Kloeckner & Co SE NA (DE: KCOGn ) which was up 0.24% to 8.719 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE: S92G ) which rose 6.68% to 45.655, Dialog Semiconductor (DE: DLGS ) which was up 5.78% to settle at 34.515 and Wirecard AG (DE: WDIG ) which gained 4.24% to close at 33.100.

The worst performers were Drillisch AG O.N. (DE: DRIG ) which was down 3.14% to 37.020 in late trade, CompuGroup Medical AG O.N. (DE: COPMa ) which lost 2.03% to settle at 37.185 and Cancom SE O.N. (DE: COKG ) which was down 1.83% to 45.795 at the close.

Advancing stocks outnumbered falling ones by 632 to 195 and 27 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 8.01% to 20.34.

In commodities trading, Gold for June delivery was down 0.68% or 8.40 to $1229.10 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.99% or 0.38 to hit $38.66 a barrel, while the June Brent oil contract rose 1.23% or 0.49 to trade at $40.34 a barrel.

EUR/USD was up 0.25% to 1.1322, while EUR/GBP rose 0.15% to 0.7872.

The US Dollar Index was down 0.29% at 94.89.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100