Germany shares higher at close of trade; DAX up 1.96%

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Germany shares higher at close of trade; DAX up 1.96%
Credit: © Reuters. – Germany equities were higher at the close on Wednesday, as gains in the Basic Resources , Construction and Chemicals sectors propelled shares higher.

At the close in Frankfurt, the DAX added 1.96% to hit a new 52-week high, while the MDAX index gained 1.48%, and the TecDAX index gained 1.06%.

The biggest gainers of the session on the DAX were Thyssenkrupp AG O.N. (DE: TKAG ), which rose 6.65% or 1.465 points to trade at 23.500 at the close. Deutsche Bank AG NA O.N. (DE: DBKGn ) added 5.40% or 0.890 points to end at 17.380 and Volkswagen AG VZO O.N. (DE: VOWG_p ) was up 4.61% or 5.600 points to 127.000 in late trade.

Biggest losers included RWE AG ST O.N. (DE: RWEG ), which lost 2.64% or 0.315 points to trade at 11.605 in late trade. Fresenius Medical Care KGAA ST (DE: FMEG ) declined 1.23% or 0.920 points to end at 73.990 and Merck KGaA (DE: MRCG ) shed 0.73% or 0.680 points to 91.940.

The top performers on the MDAX were Steinhoff International Holdings NV (DE: SNHG ) which rose 9.45% to 4.79, Schaeffler AG Pref (DE: SHA_p ) which was up 5.20% to settle at 13.06 and Evonik Industries AG (DE: EVKn ) which gained 4.71% to close at 27.705.

The worst performers were Hochtief AG (DE: HOTG ) which was down 2.63% to 133.200 in late trade, Airbus Group SE (F: AIRG ) which lost 1.48% to settle at 58.709 and Rhoen Klinikum AG (DE: RHKG ) which was down 1.07% to 24.930 at the close.

The top performers on the TecDAX were Siltronic AG (DE: WAFGn ) which rose 6.42% to 44.660, Adva Optical Networking SE (DE: ADAG ) which was up 4.97% to settle at 7.579 and Drillisch AG (DE: DRIG ) which gained 4.52% to close at 37.340.

The worst performers were GFT Technologies AG (DE: GFTG ) which was down 1.61% to 18.645 in late trade, Software AG O.N. (DE: SOWG ) which lost 1.07% to settle at 32.260 and CompuGroup Medical AG O.N. (DE: COPMa ) which was down 0.84% to 37.965 at the close.

Advancing stocks outnumbered falling ones by 623 to 287 and 31 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 2.19% to 16.43 a new 1-month low.

In commodities trading, Gold for February delivery was up 0.63% or 7.35 to $1177.45 a troy ounce. Meanwhile, Crude oil for delivery in January fell 1.39% or 0.71 to hit $50.22 a barrel, while the February Brent oil contract fell 1.04% or 0.56 to trade at $53.37 a barrel.

EUR/USD was up 0.35% to 1.0755, while EUR/GBP rose 1.02% to 0.8538.

The US Dollar Index was down 0.22% at 100.29.

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