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Germany shares higher at close of trade; DAX up 1.62%

Published 2016/03/14, 19:15
© Reuters.  Germany shares higher at close of trade; DAX up 1.62%
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LHAG
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MRCG
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Investing.com – Germany equities were higher at the close on Monday, as gains in the Basic Resources, Utilities and Construction sectors propelled shares higher.

At the close in Frankfurt, the DAX rose 1.62% to hit a new 1-month high, while the MDAX index climbed 1.21%, and the TecDAX index gained 1.62%.

The biggest gainers of the session on the DAX were E.ON SE NA (DE:EONGn), which rose 3.15% or 0.262 points to trade at 8.587 at the close. K+S AG NA O.N. (DE:SDFGn) added 2.86% or 0.580 points to end at 20.860 and Merck KGAA O.N. (DE:MRCG) was up 2.78% or 2.120 points to 78.280 in late trade.

Biggest losers included Lufthansa AG VNA O.N. (DE:LHAG), which added 0.03% or 0.005 points to trade at 14.985 in late trade. Commerzbank AG O.N. (DE:CBKG) added 0.31% or 0.026 points to end at 8.466 and Thyssenkrupp AG O.N. (DE:TKAG) gained 0.37% or 0.065 points to 17.550.

The top performers on the MDAX were Salzgitter AG O.N. (DE:SZGG) which rose 5.93% to 25.000, Gerry Weber Internat.O.N. (DE:GWIG) which was up 4.96% to settle at 13.220 and Duerr AG O.N. (DE:DUEG) which gained 4.26% to close at 63.210.

The worst performers were Brenntag AG (DE:BNRGn) which was down 1.65% to 45.820 in late trade, Rhoen-Klinikum O.N. (DE:RHKG) which lost 0.91% to settle at 27.215 and Kloeckner & Co SE NA (DE:KCOGn) which was down 0.86% to 8.920 at the close.

The top performers on the TecDAX were Draegerwerk VZO O.N. (DE:DRWG_p) which rose 6.94% to 65.840, Aixtron SE NA O.N. (DE:AIXGn) which was up 4.39% to settle at 3.331 and SMA Solar Technology AG (DE:S92G) which gained 4.22% to close at 43.500.

The worst performers were PSI AG F.Pr.U.Sys. NA (DE:PSAGn) which was down 0.81% to 14.090 in late trade, Adva Optical Networking SE (DE:ADAG) which lost 0.68% to settle at 10.290 and Sartorius AG VZO O.N. (DE:SATG_p) which was down 0.62% to 231.800 at the close.

Advancing stocks outnumbered falling ones by 639 to 202 and 30 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 3.58% to 21.29 a new 1-month low.

In commodities trading, Gold for April delivery was down 1.30% or 16.40 to $1243.00 a troy ounce. Meanwhile, Crude oil for delivery in April fell 3.84% or 1.48 to hit $37.02 a barrel, while the May Brent oil contract fell 2.60% or 1.05 to trade at $39.34 a barrel.

EUR/USD was down 0.40% to 1.1103, while EUR/GBP rose 0.01% to 0.7753.

The US Dollar Index was up 0.36% at 96.57.

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