Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Germany stocks higher at close of trade; DAX up 1.05%

Published 12/29/2022, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.05%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Retail, Technology and Pharmaceuticals & Healthcare sectors led shares higher.

At the close in Frankfurt, the DAX added 1.05%, while the MDAX index climbed 0.94%, and the TecDAX index gained 1.86%.

The best performers of the session on the DAX were Zalando SE (ETR:ZALG), which rose 4.10% or 1.35 points to trade at 34.24 at the close. Meanwhile, Sartorius AG VZO O.N. (ETR:SATG_p) added 4.06% or 14.50 points to end at 371.70 and Dr Ing hc F Porsche AG Preferred (ETR:P911_p) was up 2.62% or 2.44 points to 95.40 in late trade.

The worst performers of the session were MTU Aero Engines NA O.N. (ETR:MTXGn), which fell 0.29% or 0.60 points to trade at 204.40 at the close. Covestro AG (ETR:1COV) declined 0.16% or 0.06 points to end at 36.88 and Daimler Truck Holding AG (ETR:DTGGe) was up 0.09% or 0.03 points to 29.39.

The top performers on the MDAX were Evotec AG O.N. (ETR:EVTG) which rose 4.07% to 15.59, Aroundtown Property Holdings PLC (ETR:AT1) which was up 3.75% to settle at 2.21 and Tag Immobilien AG (ETR:TEGG) which gained 3.57% to close at 6.10.

The worst performers were Deutsche Lufthansa AG (ETR:LHAG) which was down 3.25% to 7.85 in late trade, Aurubis AG (ETR:NAFG) which lost 1.34% to settle at 78.16 and Commerzbank AG O.N. (ETR:CBKG) which was down 0.72% to 8.82 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (ETR:MORG) which rose 10.37% to 13.30, Evotec AG O.N. (ETR:EVTG) which was up 4.07% to settle at 15.59 and Sartorius AG VZO O.N. (ETR:SATG_p) which gained 4.06% to close at 371.70.

The worst performers were Vantage Towers AG (ETR:VTWRn) which was up 0.06% to 32.16 in late trade, Hensoldt Ag (ETR:HAGG) which gained 0.45% to settle at 22.40 and ADTRAN Holdingsa Inc (ETR:QH9) which was up 0.58% to 17.30 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 510 to 179 and 72 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.52% to 20.15.

Gold Futures for February delivery was up 0.54% or 9.75 to $1,825.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.19% or 0.94 to hit $78.02 a barrel, while the March Brent oil contract fell 1.20% or 1.01 to trade at $82.98 a barrel.

EUR/USD was up 0.65% to 1.07, while EUR/GBP unchanged 0.31% to 0.89.

The US Dollar Index Futures was down 0.53% at 103.63.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.