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Germany stocks higher at close of trade; DAX up 0.77%

Published 04/28/2023, 01:15 PM
© Reuters Germany stocks higher at close of trade; DAX up 0.77%

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

At the close in Frankfurt, the DAX gained 0.77% to hit a new 52-week high, while the MDAX index climbed 0.89%, and the TecDAX index climbed 0.52%.

The best performers of the session on the DAX were Covestro AG (ETR:1COV), which rose 8.45% or 3.10 points to trade at 39.79 at the close. Meanwhile, Deutsche Boerse AG (ETR:DB1Gn) added 2.31% or 3.90 points to end at 172.90 and Hannover Rueck SE (ETR:HNRGn) was up 2.03% or 3.85 points to 193.60 in late trade.

The worst performers of the session were Commerzbank AG O.N. (ETR:CBKG), which fell 3.96% or 0.41 points to trade at 10.06 at the close. BASF SE NA O.N. (ETR:BASFN) declined 2.39% or 1.14 points to end at 46.85 and Deutsche Telekom AG Na (ETR:DTEGn) was down 1.71% or 0.38 points to 21.88.

The top performers on the MDAX were Gerresheimer AG (ETR:GXIG) which rose 3.84% to 98.70, Lanxess AG (ETR:LXSG) which was up 3.83% to settle at 36.86 and Kion Group AG (ETR:KGX) which gained 3.66% to close at 37.42.

The worst performers were Prosiebensat 1 Media AG (ETR:PSMGn) which was down 16.85% to 8.12 in late trade, HelloFresh SE (ETR:HFGG) which lost 5.72% to settle at 24.23 and Fuchs Petrolub AG VZO Pref (ETR:FPE3_p) which was down 3.66% to 35.80 at the close.

The top performers on the TecDAX were Nemetschek AG O.N. (ETR:NEKG) which rose 3.16% to 70.58, Cancom SE O.N. (ETR:COKG) which was up 2.13% to settle at 32.56 and Suse SA (ETR:SUSEG) which gained 2.09% to close at 17.10.

The worst performers were SMA Solar Technology AG (ETR:S92G) which was down 3.65% to 97.80 in late trade, Verbio Vereinigte Bioenergie AG (ETR:VBKG) which lost 3.46% to settle at 33.74 and Deutsche Telekom AG Na (ETR:DTEGn) which was down 1.71% to 21.88 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 466 to 197 and 84 ended unchanged.

Shares in Hannover Rueck SE (ETR:HNRGn) rose to all time highs; rising 2.03% or 3.85 to 193.60. Shares in Gerresheimer AG (ETR:GXIG) rose to 52-week highs; rising 3.84% or 3.65 to 98.70. Shares in Verbio Vereinigte Bioenergie AG (ETR:VBKG) fell to 52-week lows; losing 3.46% or 1.21 to 33.74.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.58% to 17.37.

Gold Futures for June delivery was up 0.04% or 0.75 to $1,999.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 2.26% or 1.69 to hit $76.45 a barrel, while the July Brent oil contract rose 2.38% or 1.86 to trade at $80.08 a barrel.

EUR/USD was unchanged 0.00% to 1.10, while EUR/GBP fell 0.57% to 0.88.

The US Dollar Index Futures was up 0.08% at 101.33.

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