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Germany stocks higher at close of trade; DAX up 0.69%

Published 03/02/2022, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.69%
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Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Telecoms, Industrials and Software sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.69%, while the MDAX index added 0.37%, and the TecDAX index gained 0.61%.

The best performers of the session on the DAX were Airbus Group SE (DE:AIRG), which rose 5.48% or 5.70 points to trade at 109.70 at the close. Meanwhile, MTU Aero Engines NA O.N. (DE:MTXGn) added 5.34% or 10.70 points to end at 211.20 and Bayer AG NA (DE:BAYGN) was up 4.01% or 2.08 points to 54.00 in late trade.

The worst performers of the session were E.ON SE (DE:EONGn), which fell 8.59% or 1.04 points to trade at 11.08 at the close. HelloFresh SE (DE:HFGG) declined 6.34% or 2.86 points to end at 42.22 and RWE AG ST O.N. (DE:RWEG) was down 3.84% or 1.50 points to 37.57.

The top performers on the MDAX were Deutsche Lufthansa AG (DE:LHAG) which rose 4.41% to 6.63, Aixtron SE (DE:AIXGn) which was up 3.65% to settle at 19.33 and Fraport AG (DE:FRAG) which gained 3.57% to close at 58.06.

The worst performers were Daimler Truck Holding AG (DE:DTGGe) which was down 5.03% to 23.86 in late trade, Uniper SE (DE:UN01) which lost 3.97% to settle at 24.89 and Hugo Boss AG NA O.N. (DE:BOSSn) which was down 3.69% to 50.16 at the close.

The top performers on the TecDAX were Aixtron SE (DE:AIXGn) which rose 3.65% to 19.33, 11 AG (DE:1U1) which was up 3.24% to settle at 21.68 and Deutsche Telekom AG Na (DE:DTEGn) which gained 3.15% to close at 16.06.

The worst performers were SMA Solar Technology AG (DE:S92G) which was down 17.93% to 28.66 in late trade, Qiagen NV (DE:QIA) which lost 3.02% to settle at 43.62 and Eckert & Ziegler AG O.N. (DE:EUZG) which was down 1.61% to 61.20 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 394 to 306 and 67 ended unchanged.

Shares in HelloFresh SE (DE:HFGG) fell to 52-week lows; down 6.34% or 2.86 to 42.22. Shares in Daimler Truck Holding AG (DE:DTGGe) fell to all time lows; falling 5.03% or 1.26 to 23.86. Shares in Uniper SE (DE:UN01) fell to 52-week lows; down 3.97% or 1.03 to 24.89.

The DAX volatility index, which measures the implied volatility of DAX options, was down 5.15% to 37.03.

Gold Futures for April delivery was down 1.14% or 22.25 to $1,921.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 5.35% or 5.53 to hit $108.94 a barrel, while the May Brent oil contract rose 5.75% or 6.04 to trade at $111.01 a barrel.

EUR/USD was unchanged 0.09% to 1.11, while EUR/GBP unchanged 0.41% to 0.83.

The US Dollar Index Futures was up 0.03% at 97.44.

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