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Germany stocks higher at close of trade; DAX up 0.35%

Published 08/31/2023, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.35%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Retail, Financial Services and Food & Beverages sectors led shares higher.

At the close in Frankfurt, the DAX gained 0.35%, while the MDAX index climbed 1.09%, and the TecDAX index climbed 0.72%.

The best performers of the session on the DAX were Vonovia SE (ETR:VNAn), which rose 5.14% or 1.08 points to trade at 22.11 at the close. Meanwhile, Sartorius AG VZO O.N. (ETR:SATG_p) added 4.20% or 15.20 points to end at 377.40 and Zalando SE (ETR:ZALG) was up 3.61% or 1.00 points to 28.73 in late trade.

The worst performers of the session were Commerzbank AG O.N. (ETR:CBKG), which fell 1.74% or 0.18 points to trade at 10.15 at the close. Deutsche Bank AG NA O.N. (ETR:DBKGn) declined 1.35% or 0.14 points to end at 10.05 and Covestro AG (ETR:1COV) was down 0.45% or 0.22 points to 49.07.

The top performers on the MDAX were LEG Immobilien AG (ETR:LEGn) which rose 6.42% to 66.60, HelloFresh SE (ETR:HFGG) which was up 5.37% to settle at 29.82 and Delivery Hero AG (ETR:DHER) which gained 5.18% to close at 33.73.

The worst performers were Nordex SE O.N. (ETR:NDXG) which was down 1.91% to 11.05 in late trade, Wacker Chemie O.N. (ETR:WCHG) which lost 1.16% to settle at 136.10 and Telefonica Deutschland Holding AG (ETR:O2Dn) which was down 0.88% to 1.75 at the close.

The top performers on the TecDAX were ADTRAN Holdingsa Inc (ETR:QH9) which rose 5.84% to 8.05, Sartorius AG VZO O.N. (ETR:SATG_p) which was up 4.20% to settle at 377.40 and Cancom SE O.N. (ETR:COKG) which gained 2.68% to close at 26.80.

The worst performers were Nagarro SE (ETR:NA9n) which was down 4.73% to 69.50 in late trade, PNE Wind AG (ETR:PNEGn) which lost 2.15% to settle at 12.74 and Nordex SE O.N. (ETR:NDXG) which was down 1.91% to 11.05 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 401 to 239 and 101 ended unchanged.

Shares in HelloFresh SE (ETR:HFGG) rose to 52-week highs; up 5.37% or 1.52 to 29.82. Shares in Nagarro SE (ETR:NA9n) fell to all time lows; falling 4.73% or 3.45 to 69.50.

The DAX volatility index, which measures the implied volatility of DAX options, was down 3.40% to 14.47 a new 1-month low.

Gold Futures for December delivery was down 0.28% or 5.55 to $1,967.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.59% or 1.30 to hit $82.93 a barrel, while the November Brent oil contract rose 1.15% or 0.98 to trade at $86.22 a barrel.

EUR/USD was down 0.73% to 1.08, while EUR/GBP unchanged 0.33% to 0.86.

The US Dollar Index Futures was up 0.48% at 103.59.

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