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Germany stocks higher at close of trade; DAX up 1.30%

Published 04/07/2015, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.30%

Investing.com – Germany stocks were higher after the close on Tuesday, as gains in the Food & Beverage, Utilities and Basic Resources sectors led shares higher.

At the close in Frankfurt, the DAX rose 1.30%, while the MDAX index gained 0.84%, and the TecDAX index climbed 1.25%.

The best performers of the session on the DAX were RWE AG ST O.N. (XETRA:RWEG), which rose 4.02% or 0.965 points to trade at 24.995 at the close. Meanwhile, E.ON SE NA (XETRA:EONGn) added 3.89% or 0.535 points to end at 14.280 and BASF SE NA O.N. (XETRA:BASFN) was up 2.62% or 2.430 points to 95.070 in late trade.

The worst performers of the session were Lufthansa AG VNA O.N. (XETRA:LHAG), which fell 1.89% or 0.240 points to trade at 12.475 at the close. Daimler AG NA O.N. (XETRA:DAIGn) declined 0.70% or 0.610 points to end at 87.090 and Bay.Motoren Werke AG ST (XETRA:BMWG) was down 0.04% or 0.050 points to 114.900.

The top performers on the MDAX were Suedzucker Mannheim Ochsenfurt AG (XETRA:SZUG) which rose 5.50% to 12.180, Wacker Chemie O.N. (XETRA:WCHG) which was up 3.86% to settle at 113.000 and Salzgitter AG O.N. (XETRA:SZGG) which gained 2.91% to close at 28.625.

The worst performers were Airbus Group (XETRA:AIRG) which was down 0.87% to 60.306 in late trade, LEG Immobilien AG (XETRA:LEGn) which lost 0.59% to settle at 74.570 and Kuka AG (XETRA:KU2G) which was down 0.39% to 70.920 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (XETRA:S92G) which rose 4.09% to 12.595, Adva Optical Networking SE (XETRA:ADAG) which was up 3.82% to settle at 4.645 and PSI AG F.Pr.U.Sys. NA (XETRA:PSAGn) which gained 3.15% to close at 12.450.

The worst performers were Dialog Semiconductor (XETRA:DLGS) which was down 1.01% to 41.675 in late trade, Stratec Biomedical (XETRA:SBSG) which lost 0.71% to settle at 47.000 and CompuGroup Medical AG O.N. (XETRA:COPMa) which was down 0.15% to 27.085 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 564 to 174 and 32 ended unchanged.

Shares in BASF SE NA O.N. (XETRA:BASFN) rose to all time highs; gaining 2.62% or 2.430 to 95.070. Shares in Adva Optical Networking SE (XETRA:ADAG) rose to 52-week highs; up 3.82% or 0.171 to 4.645.

The DAX volatility index, which measures the implied volatility of DAX options, was up 1.99% to 19.00.

Gold for June delivery was down 0.53% or 6.50 to $1212.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 2.49% or 1.30 to hit $53.44 a barrel, while the May Brent oil contract rose 1.04% or 0.60 to trade at $58.73 a barrel.

EUR/USD was down 0.65% to 1.0851, while EUR/GBP fell 0.54% to 0.7301.

The US Dollar Index was up 0.71% at 97.90.

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