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Germany stocks higher at close of trade; DAX up 0.39%

Published 10/24/2024, 12:05 PM
Updated 10/24/2024, 12:06 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.39%
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Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Transportation & Logistics, Food & Beverages and Telecoms sectors led shares higher.

At the close in Frankfurt, the DAX added 0.39%, while the MDAX index gained 0.60%, and the TecDAX index gained 0.28%.

The best performers of the session on the DAX were Dr Ing hc F Porsche AG Preferred (ETR:P911_p), which rose 3.07% or 2.06 points to trade at 69.16 at the close. Meanwhile, Beiersdorf AG O.N. (ETR:BEIG) added 2.79% or 3.55 points to end at 130.60 and Rheinmetall AG (ETR:RHMG) was up 2.30% or 11.30 points to 503.40 in late trade.

The worst performers of the session were Symrise AG Inh. O.N. (ETR:SY1G), which fell 2.99% or 3.45 points to trade at 112.10 at the close. Deutsche Bank AG NA O.N. (ETR:DBKGn) declined 2.40% or 0.39 points to end at 15.79 and Merck KGaA (ETR:MRCG) was down 2.02% or 3.20 points to 155.50.

The top performers on the MDAX were Redcare Pharmacy NV (ETR:RDC) which rose 4.86% to 149.00, HelloFresh SE (ETR:HFGG) which was up 4.58% to settle at 8.91 and SCHOTT Pharma AG & Co KgaA (ETR:1SXP) which gained 4.10% to close at 31.96.

The worst performers were Bilfinger SE O.N. (ETR:GBFG) which was down 10.99% to 44.15 in late trade, Hypoport AG (ETR:HYQGn) which lost 4.78% to settle at 259.00 and Carl Zeiss Meditec AG (ETR:AFXG) which was down 2.08% to 61.25 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (ETR:S92G) which rose 3.28% to 15.42, Hensoldt Ag (ETR:HAGG) which was up 3.16% to settle at 31.96 and Siltronic AG (ETR:WAFGn) which gained 1.96% to close at 59.95.

The worst performers were Atoss Software AG (ETR:AOFG) which was down 2.60% to 127.40 in late trade, Carl Zeiss Meditec AG (ETR:AFXG) which lost 2.08% to settle at 61.25 and Nagarro SE (ETR:NA9n) which was down 2.00% to 93.20 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 312 to 290 and 32 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 1.62% to 17.52.

Gold Futures for December delivery was up 0.49% or 13.45 to $2,742.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.99% or 0.70 to hit $70.07 a barrel, while the December Brent oil contract fell 0.87% or 0.65 to trade at $74.31 a barrel.

EUR/USD was unchanged 0.21% to 1.08, while EUR/GBP unchanged 0.10% to 0.83.

The US Dollar Index Futures was down 0.20% at 104.07.

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