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Germany stocks higher at close of trade; DAX up 1.15%

Published 01/05/2018, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.15%
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Investing.com – Germany stocks were higher after the close on Friday, as gains in the Pharmaceuticals & Healthcare, Food & Beverages and Utilities sectors led shares higher.

At the close in Frankfurt, the DAX added 1.15% to hit a new 1-month high, while the MDAX index gained 1.01%, and the TecDAX index climbed 0.77%.

The best performers of the session on the DAX were Bayer AG NA (DE:BAYGN), which rose 3.80% or 3.96 points to trade at 108.22 at the close. Meanwhile, Merck KGaA (DE:MRCG) added 3.11% or 2.82 points to end at 93.52 and Volkswagen AG VZO O.N. (DE:VOWG_p) was up 2.73% or 4.76 points to 179.20 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 5.16% or 0.842 points to trade at 15.490 at the close. Commerzbank AG O.N. (DE:CBKG) declined 1.72% or 0.222 points to end at 12.660 and Deutsche Lufthansa AG (DE:LHAG) was down 1.50% or 0.460 points to 30.260.

The top performers on the MDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 6.53% to 0.60, Hella KGaA Hueck & Co (DE:HLE) which was up 4.69% to settle at 54.70 and K+S AG NA O.N. (DE:SDFGn) which gained 2.86% to close at 21.970.

The worst performers were Fraport AG (DE:FRAG) which was down 1.41% to 92.620 in late trade, Airbus Group SE (F:AIRG) which lost 0.50% to settle at 85.720 and Deutsche Pfandbriefbank AG (DE:PBBG) which was down 0.37% to 13.62 at the close.

The top performers on the TecDAX were Adva Optical Networking SE (DE:ADAG) which rose 6.04% to 7.290, Nordex SE O.N. (DE:NDXG) which was up 2.54% to settle at 9.458 and Draegerwerk VZO O.N. (DE:DRWG_p) which gained 2.53% to close at 76.900.

The worst performers were Aixtron SE (DE:AIXGn) which was down 3.19% to 12.900 in late trade, Evotec AG O.N. (DE:EVTG) which lost 1.41% to settle at 13.980 and GFT Technologies AG (DE:GFTG) which was down 1.30% to 13.620 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 542 to 198 and 76 ended unchanged.

Shares in Volkswagen AG VZO O.N. (DE:VOWG_p) rose to 52-week highs; rising 2.73% or 4.76 to 179.20. Shares in Hella KGaA Hueck & Co (DE:HLE) rose to all time highs; gaining 4.69% or 2.45 to 54.70.

The DAX volatility index, which measures the implied volatility of DAX options, was up 0.43% to 12.28.

Gold Futures for February delivery was up 0.05% or 0.70 to $1322.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.92% or 0.57 to hit $61.44 a barrel, while the March Brent oil contract fell 0.59% or 0.40 to trade at $67.67 a barrel.

EUR/USD was down 0.23% to 1.2039, while EUR/GBP fell 0.35% to 0.8876.

The US Dollar Index Futures was up 0.13% at 91.72.

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