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Germany stocks higher at close of trade; DAX up 0.67%

Published 09/07/2017, 12:15 PM
Updated 09/07/2017, 12:16 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.67%
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Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Utilities, Technology and Retail sectors led shares higher.

At the close in Frankfurt, the DAX gained 0.67% to hit a new 1-month high, while the MDAX index added 0.47%, and the TecDAX index climbed 0.98%.

The best performers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which rose 3.81% or 0.785 points to trade at 21.385 at the close. Meanwhile, Adidas AG (DE:ADSGN) added 2.17% or 4.15 points to end at 195.40 and Thyssenkrupp AG O.N. (DE:TKAG) was up 1.99% or 0.500 points to 25.565 in late trade.

The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 1.62% or 0.165 points to trade at 10.025 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 1.19% or 0.160 points to end at 13.255 and Prosiebensat 1 Media AG (DE:PSMGn) was down 0.96% or 0.270 points to 27.940.

The top performers on the MDAX were Schaeffler AG Pref (DE:SHA_p) which rose 3.74% to 12.47, Jungheinrich AG O.N.VZO (DE:JUNG_p) which was up 3.42% to settle at 38.370 and Rheinmetall AG (DE:RHMG) which gained 2.76% to close at 89.710.

The worst performers were Airbus Group SE (F:AIRG) which was down 1.66% to 70.359 in late trade, Hannover Rueck SE (DE:HNRGn) which lost 1.66% to settle at 95.95 and Deutsche Pfandbriefbank AG (DE:PBBG) which was down 1.44% to 11.66 at the close.

The top performers on the TecDAX were Aixtron SE (DE:AIXGn) which rose 11.39% to 9.662, Morphosys AG O.N. (DE:MORG) which was up 3.70% to settle at 65.850 and Evotec AG O.N. (DE:EVTG) which gained 3.28% to close at 17.765.

The worst performers were Nordex SE O.N. (DE:NDXG) which was down 4.09% to 10.075 in late trade, SMA Solar Technology AG (DE:S92G) which lost 3.27% to settle at 37.005 and S&T AG (F:SANT1) which was down 0.77% to 16.805 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 464 to 277 and 49 ended unchanged.

Shares in RWE AG ST O.N. (DE:RWEG) rose to 52-week highs; up 3.81% or 0.785 to 21.385. Shares in Jungheinrich AG O.N.VZO (DE:JUNG_p) rose to 3-years highs; rising 3.42% or 1.270 to 38.370. Shares in Rheinmetall AG (DE:RHMG) rose to all time highs; rising 2.76% or 2.410 to 89.710. Shares in Aixtron SE (DE:AIXGn) rose to 52-week highs; up 11.39% or 0.988 to 9.662. Shares in Nordex SE O.N. (DE:NDXG) fell to 3-years lows; falling 4.09% or 0.430 to 10.075. Shares in Evotec AG O.N. (DE:EVTG) rose to all time highs; up 3.28% or 0.565 to 17.765.

The DAX volatility index, which measures the implied volatility of DAX options, was down 6.18% to 15.21.

Gold Futures for December delivery was up 0.90% or 12.07 to $1351.07 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October unchanged 0.00% or 0.00 to hit $49.16 a barrel, while the November Brent oil contract rose 0.33% or 0.18 to trade at $54.38 a barrel.

EUR/USD was up 0.74% to 1.2005, while EUR/GBP rose 0.48% to 0.9181.

The US Dollar Index Futures was down 0.64% at 91.62.

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