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Germany stocks higher at close of trade; DAX up 1.02%

Published 03/22/2022, 02:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.02%
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Investing.com – Germany stocks were higher after the close on Tuesday, as gains in the Consumer & Cyclical, Technology and Insurance sectors led shares higher.

At the close in Frankfurt, the DAX rose 1.02%, while the MDAX index added 0.74%, and the TecDAX index added 1.13%.

The best performers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 5.61% or 0.62 points to trade at 11.70 at the close. Meanwhile, Puma SE (DE:PUMG) added 3.23% or 2.44 points to end at 78.08 and Airbus Group SE (DE:AIRG) was up 2.75% or 2.90 points to 108.24 in late trade.

The worst performers of the session were Daimler Truck Holding AG (DE:DTGGe), which fell 1.00% or 0.25 points to trade at 24.18 at the close. Merck KGaA (DE:MRCG) declined 0.94% or 1.75 points to end at 184.80 and Delivery Hero AG (DE:DHER) was down 0.43% or 0.18 points to 41.41.

The top performers on the MDAX were Nemetschek AG O.N. (DE:NEKG) which rose 10.04% to 89.84, Beiersdorf AG O.N. (DE:BEIG) which was up 4.34% to settle at 91.82 and Commerzbank AG O.N. (DE:CBKG) which gained 3.64% to close at 7.32.

The worst performers were Rheinmetall AG (DE:RHMG) which was down 3.70% to 178.10 in late trade, Jungheinrich AG O.N.VZO (DE:JUNG_p) which lost 2.49% to settle at 32.12 and Carl Zeiss Meditec AG (DE:AFXG) which was down 1.74% to 146.50 at the close.

The top performers on the TecDAX were Nemetschek AG O.N. (DE:NEKG) which rose 10.04% to 89.84, S&T AG (DE:SANT1) which was up 8.65% to settle at 16.95 and Verbio Vereinigte Bioenergie AG (DE:VBKG) which gained 6.29% to close at 71.80.

The worst performers were Morphosys AG O.N. (DE:MORG) which was down 9.01% to 23.08 in late trade, Carl Zeiss Meditec AG (DE:AFXG) which lost 1.74% to settle at 146.50 and Freenet AG NA (DE:FNTGn) which was down 1.20% to 23.80 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 514 to 178 and 72 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.35% to 27.69 a new 1-month low.

Gold Futures for April delivery was down 0.41% or 8.00 to $1,921.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.10% or 0.11 to hit $110.08 a barrel, while the May Brent oil contract rose 0.56% or 0.65 to trade at $116.27 a barrel.

EUR/USD was unchanged 0.10% to 1.10, while EUR/GBP unchanged 0.51% to 0.83.

The US Dollar Index Futures was up 0.02% at 98.51.

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