Germany stocks higher at close of trade; DAX up 1.17%

Published 01/17/2025, 12:05 PM
Updated 01/17/2025, 12:06 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.17%
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Investing.com – Germany stocks were higher after the close on Friday, as gains in the Industrials, Technology and Transportation & Logistics sectors led shares higher.

At the close in Frankfurt, the DAX added 1.17% to hit a new all time high, while the MDAX index gained 1.26%, and the TecDAX index climbed 1.00%.

The best performers of the session on the DAX were Siemens Energy AG (ETR:ENR1n), which rose 3.06% or 1.54 points to trade at 51.88 at the close. Meanwhile, Heidelberg Materials AG (ETR:HEIG) added 3.02% or 3.80 points to end at 129.55 and Siemens AG Class N (ETR:SIEGn) was up 2.92% or 5.69 points to 200.85 in late trade.

The worst performers of the session were Merck KGaA (ETR:MRCG), which fell 1.40% or 2.00 points to trade at 141.35 at the close. Sartorius AG VZO O.N. (ETR:SATG_p) declined 0.85% or 2.00 points to end at 232.00 and Adidas AG (ETR:ADSGN) was down 0.29% or 0.70 points to 241.70.

The top performers on the MDAX were Carl Zeiss Meditec AG (ETR:AFXG) which rose 4.42% to 48.24, Traton SE (ETR:8TRA) which was up 3.93% to settle at 27.80 and Thyssenkrupp AG O.N. (ETR:TKAG) which gained 3.70% to close at 4.18.

The worst performers were TeamViewer AG (ETR:TMV) which was down 0.61% to 10.54 in late trade, Redcare Pharmacy NV (ETR:RDC) which lost 0.42% to settle at 119.30 and Puma SE (ETR:PUMG) which was down 0.32% to 40.48 at the close.

The top performers on the TecDAX were SUSS MicroTec SE (ETR:SMHNn) which rose 20.39% to 49.30, Carl Zeiss Meditec AG (ETR:AFXG) which was up 4.42% to settle at 48.24 and Evotec AG O.N. (ETR:EVTG) which gained 3.30% to close at 7.99.

The worst performers were Formycon AG (ETR:FYB) which was down 2.27% to 56.00 in late trade, IONOS Group SE (ETR:IOSn) which lost 2.18% to settle at 22.40 and Sartorius AG VZO O.N. (ETR:SATG_p) which was down 0.85% to 232.00 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 455 to 148 and 30 ended unchanged.

Shares in Heidelberg Materials AG (ETR:HEIG) rose to all time highs; gaining 3.02% or 3.80 to 129.55. Shares in Siemens AG Class N (ETR:SIEGn) rose to all time highs; rising 2.92% or 5.69 to 200.85.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.97% to 14.12.

Gold Futures for February delivery was up 0.19% or 5.16 to $2,756.06 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.13% or 0.10 to hit $77.75 a barrel, while the March Brent oil contract fell 0.06% or 0.05 to trade at $81.24 a barrel.

EUR/USD was unchanged 0.18% to 1.03, while EUR/GBP unchanged 0.40% to 0.84.

The US Dollar Index Futures was up 0.30% at 109.14.

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