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

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Germany shares higher at close of trade; DAX up 1.62%
Credit: © Reuters. – 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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