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Germany stocks higher at close of trade

Published 03/20/2015, 01:15 PM
© Reuters.  Germany stocks higher at close of trade

Investing.com – Germany stocks were higher after the close on Friday, as gains in the Insurance, Basic Resources and Telecom sectors led shares higher.

At the close in Frankfurt, the DAX rose 1.18%, while the MDAX index added 0.75%, and the TecDAX index gained 0.77%.

The best performers of the session on the DAX were BASF SE NA O.N. (XETRA:BASFN), which rose 2.67% or 2.400 points to trade at 92.330 at the close. Meanwhile, Muench. Rueckvers. VNA O.N. (XETRA:MUVGn) added 2.27% or 4.500 points to end at 203.100 and Allianz SE VNA O.N. (XETRA:ALVG) was up 2.08% or 3.300 points to 161.750 in late trade.

The worst performers of the session were Adidas AG NA O.N. (XETRA:ADSGN), which fell 0.50% or 0.350 points to trade at 70.300 at the close. Siemens AG NA (XETRA:SIEGn) declined 0.30% or 0.300 points to end at 100.650 and Henkel AG & Co Kgaa Vzo (XETRA:HNKG_p) was up 0.09% or 0.100 points to 110.300.

The top performers on the MDAX were Tag Immobilien AG (XETRA:TEGG) which rose 4.31% to 12.695, Evonik Industries AG (XETRA:EVKn) which was up 4.29% to settle at 33.160 and Kion Group AG (XETRA:KGX) which gained 3.89% to close at 38.55.

The worst performers were Suedzucker Mannheim Ochsenfurt AG (XETRA:SZUG) which was down 4.96% to 11.885 in late trade, RTL Group SA (XETRA:RRTL) which lost 1.44% to settle at 87.690 and Prosiebensat 1 Media AG (XETRA:PSMGn) which was down 1.44% to 45.265 at the close.

The top performers on the TecDAX were Evotec AG O.N. (XETRA:EVTG) which rose 7.28% to 3.991, SMA Solar Technology AG (XETRA:S92G) which was up 5.03% to settle at 12.745 and Drillisch AG O.N. (XETRA:DRIG) which gained 3.20% to close at 37.750.

The worst performers were PSI AG F.Pr.U.Sys. NA (XETRA:PSAGn) which was down 4.43% to 11.985 in late trade, Stratec Biomedical (XETRA:SBSG) which lost 4.19% to settle at 43.545 and Kontron AG O.N. (XETRA:KBCG) which was down 2.46% to 5.863 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 474 to 270 and 29 ended unchanged.

Shares in Muench. Rueckvers. VNA O.N. (XETRA:MUVGn) rose to all time highs; gaining 2.27% or 4.500 to 203.100. Shares in Allianz SE VNA O.N. (XETRA:ALVG) rose to 5-year highs; rising 2.08% or 3.300 to 161.750. Shares in Tag Immobilien AG (XETRA:TEGG) rose to 3-year highs; gaining 4.31% or 0.525 to 12.695. Shares in Evonik Industries AG (XETRA:EVKn) rose to all time highs; rising 4.29% or 1.365 to 33.160.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.90% to 18.43.

Gold for April delivery was up 1.31% or 15.30 to $1184.30 a troy ounce. Elsewhere in commodities trading, Crude Oil for delivery in May rose 2.99% or 1.36 to hit $46.89 a barrel, while the May Brent Oil contract rose 0.71% or 0.39 to trade at $54.81 a barrel.

EUR/USD was up 1.82% to 1.0853, while EUR/GBP rose 0.28% to 0.7246.

The US Dollar Index was down 1.60% at 97.86.

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