Germany shares higher at close of trade; DAX up 1.97%

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Germany shares higher at close of trade; DAX up 1.97%
Credit: © Reuters. – Germany equities were higher at the close on Wednesday, as gains in the Construction , Basic Resources and Technology sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 1.97% to hit a new 52-week high, while the MDAX index climbed 1.02%, and the TecDAX index gained 1.12%.

The biggest gainers of the session on the DAX were Deutsche Bank AG NA O.N. (DE: DBKGn ), which rose 5.11% or 0.950 points to trade at 19.550 at the close. Commerzbank AG O.N. (DE: CBKG ) added 3.96% or 0.285 points to end at 7.486 and Volkswagen AG VZO O.N. (DE: VOWG_p ) was up 3.36% or 4.700 points to 144.400 in late trade.

Biggest losers included Vonovia SE (DE: VNAn ), which added 0.52% or 0.17 points to trade at 33.06 in late trade. Beiersdorf AG O.N. (DE: BEIG ) added 0.74% or 0.640 points to end at 86.760 and Continental AG O.N. (DE: CONG ) gained 0.78% or 1.500 points to 193.000.

The top performers on the MDAX were Aareal Bank AG (DE: ARLG ) which rose 5.28% to 36.700, Rheinmetall AG (DE: RHMG ) which was up 5.07% to settle at 75.780 and Hugo Boss AG NA O.N. (DE: BOSSn ) which gained 4.62% to close at 67.980.

The worst performers were Covestro AG (DE: 1COV ) which was down 6.71% to 66.300 in late trade, Steinhoff International Holdings NV (DE: SNHG ) which lost 1.40% to settle at 4.98 and Talanx AG NA O.N. (DE: TLXGn ) which was down 0.83% to 33.450 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE: NDXG ) which rose 4.72% to 14.545, Xing AG (DE: OBCGn ) which was up 4.13% to settle at 200.350 and SMA Solar Technology AG (DE: S92G ) which gained 3.83% to close at 24.700.

The worst performers were Alix Resources Corp (F: 37N2 ) which was down 2.50% to 0.039 in late trade, Telefonica Deutschland Holding AG (DE: O2Dn ) which lost 1.98% to settle at 4.062 and Adva Optical Networking SE (DE: ADAG ) which was down 0.47% to 9.890 at the close.

Advancing stocks outnumbered falling ones by 577 to 182 and 26 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 7.23% to 14.61.

In commodities trading, Gold Futures for April delivery was down 0.58% or 7.25 to $1246.65 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.17% or 0.09 to hit $53.92 a barrel, while the May Brent oil contract fell 0.09% or 0.05 to trade at $56.46 a barrel.

EUR/USD was down 0.08% to 1.0569, while EUR/GBP rose 0.41% to 0.8577.

The US Dollar Index Futures was up 0.23% at 101.56.

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