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Germany stocks higher at close of trade

Published 02/04/2015, 12:15 PM
© Reuters.  Germany stocks higher at close of trade
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Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Food & Beverage, Software and Consumer & Cyclical sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.19% to hit a new all time high, while the MDAX index added 0.64%, and the TecDAX index climbed 0.60%.

The best performers of the session on the DAX were Henkel AG & Co Kgaa Vzo (XETRA:HNKG_p), which rose 2.16% or 2.200 points to trade at 104.100 at the close. Meanwhile, Merck KGAA O.N. (XETRA:MRCG) added 1.68% or 1.460 points to end at 88.440 and Volkswagen AG VZO O.N. (XETRA:VOWG_p) was up 1.30% or 2.700 points to 209.800 in late trade.

The worst performers of the session were RWE AG ST O.N. (XETRA:RWEG), which fell 1.38% or 0.330 points to trade at 23.575 at the close. Thyssenkrupp AG O.N. (XETRA:TKAG) declined 1.29% or 0.300 points to end at 22.990 and K & S AG NA O.N. (XETRA:SDFGN) was down 1.22% or 0.345 points to 27.850.

The top performers on the MDAX were Kabel Deutschland Holding AG O.N. (XETRA:KD8Gn) which rose 3.20% to 124.100, Deutsche Euroshop AG O.N. (XETRA:DEQGn) which was up 2.95% to settle at 43.500 and Duerr AG O.N. (XETRA:DUEG) which gained 2.71% to close at 83.730.

The worst performers were Hugo Boss AG NA O.N. (XETRA:BOSSn) which was down 1.94% to 111.400 in late trade, Salzgitter AG O.N. (XETRA:SZGG) which lost 1.89% to settle at 24.455 and Metro AG ST O.N. (XETRA:MEOG) which was down 1.34% to 28.765 at the close.

The top performers on the TecDAX were Kontron AG O.N. (XETRA:KBCG) which rose 9.73% to 5.749, QSC AG NA O.N. (XETRA:QSCG) which was up 7.50% to settle at 1.906 and SMA Solar Technology AG (XETRA:S92G) which gained 4.87% to close at 12.060.

The worst performers were BB Biotech AG (XETRA:BIONn) which was down 4.98% to 231.700 in late trade, Stratec Biomedical (XETRA:SBSG) which lost 4.00% to settle at 44.000 and Jenoptik AG O.N. (XETRA:JENG) which was down 0.77% to 12.235 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 457 to 276 and 17 ended unchanged.

Shares in Henkel AG & Co Kgaa Vzo (XETRA:HNKG_p) rose to all time highs; rising 2.16% or 2.200 to 104.100. Shares in Volkswagen AG VZO O.N. (XETRA:VOWG_p) rose to all time highs; gaining 1.30% or 2.700 to 209.800. Shares in Duerr AG O.N. (XETRA:DUEG) rose to all time highs; rising 2.71% or 2.210 to 83.730. Shares in Kontron AG O.N. (XETRA:KBCG) rose to 52-week highs; gaining 9.73% or 0.510 to 5.749.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.75% to 19.67.

Gold for April delivery was up 0.28% or 3.50 to $1263.80 a troy ounce. Elsewhere in commodities trading, Crude Oil for delivery in March fell 5.33% or 2.83 to hit $50.22 a barrel, while the March Brent Oil contract fell 3.45% or 2.00 to trade at $55.91 a barrel.

EUR/USD was down 0.61% to 1.1409, while EUR/GBP fell 0.91% to 0.7501.

The US Dollar Index was up 0.51% at 94.24.

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