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Germany stocks higher at close of trade; DAX up 1.24%

Published 05/15/2020, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.24%
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Investing.com – Germany stocks were higher after the close on Friday, as gains in the Transportation & Logistics, Basic Resources and Insurance sectors led shares higher.

At the close in Frankfurt, the DAX added 1.24%, while the MDAX index added 1.20%, and the TecDAX index climbed 0.17%.

The best performers of the session on the DAX were Volkswagen AG VZO O.N. (DE:VOWG_p), which rose 4.37% or 5.06 points to trade at 120.88 at the close. Meanwhile, Deutsche Post AG NA O.N. (DE:DPWGn) added 4.04% or 1.045 points to end at 26.895 and Continental AG O.N. (DE:CONG) was up 4.04% or 2.88 points to 74.10 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 8.71% or 7.295 points to trade at 76.490 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 1.80% or 0.109 points to end at 5.941 and Deutsche Lufthansa AG (DE:LHAG) was down 1.76% or 0.134 points to 7.488.

The top performers on the MDAX were Varta AG (DE:VAR1) which rose 12.25% to 83.850, GEA Group AG (DE:G1AG) which was up 10.11% to settle at 23.470 and Duerr AG (DE:DUEG) which gained 8.43% to close at 19.030.

The worst performers were Dialog Semiconductor (DE:DLGS) which was down 3.04% to 30.630 in late trade, Tag Immobilien AG (DE:TEGG) which lost 2.56% to settle at 19.780 and Commerzbank AG O.N. (DE:CBKG) which was down 2.44% to 2.883 at the close.

The top performers on the TecDAX were Varta AG (DE:VAR1) which rose 12.25% to 83.850, Carl Zeiss Meditec AG (DE:AFXG) which was up 3.01% to settle at 83.800 and Evotec AG O.N. (DE:EVTG) which gained 2.52% to close at 23.180.

The worst performers were Wirecard AG (DE:WDIG) which was down 8.71% to 76.490 in late trade, Dialog Semiconductor (DE:DLGS) which lost 3.04% to settle at 30.630 and CompuGroup Medical AG O.N. (DE:COPMa) which was down 1.63% to 69.450 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 412 to 250 and 75 ended unchanged.

Shares in Wirecard AG (DE:WDIG) fell to 52-week lows; down 8.71% or 7.295 to 76.490. Shares in Commerzbank AG O.N. (DE:CBKG) fell to 5-year lows; falling 2.44% or 0.072 to 2.883. Shares in Wirecard AG (DE:WDIG) fell to 52-week lows; falling 8.71% or 7.295 to 76.490.

The DAX volatility index, which measures the implied volatility of DAX options, was down 7.90% to 37.90.

Gold Futures for June delivery was up 0.99% or 17.20 to $1758.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 6.46% or 1.78 to hit $29.34 a barrel, while the July Brent oil contract rose 3.92% or 1.22 to trade at $32.35 a barrel.

EUR/USD was up 0.03% to 1.0807, while EUR/GBP rose 0.92% to 0.8915.

The US Dollar Index Futures was down 0.02% at 100.485.

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