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Germany stocks higher at close of trade; DAX up 1.26%

Published 11/14/2024, 12:05 PM
Updated 11/14/2024, 12:06 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.26%
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Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Technology, Telecoms and Media sectors led shares higher.

At the close in Frankfurt, the DAX rose 1.26%, while the MDAX index gained 0.81%, and the TecDAX index climbed 1.64%.

The best performers of the session on the DAX were Siemens AG Class N (ETR:SIEGn), which rose 4.91% or 8.80 points to trade at 188.20 at the close. Meanwhile, Infineon Technologies AG NA O.N. (ETR:IFXGn) added 4.64% or 1.37 points to end at 30.76 and Deutsche Telekom AG Na (ETR:DTEGn) was up 3.30% or 0.92 points to 28.77 in late trade.

The worst performers of the session were Merck KGaA (ETR:MRCG), which fell 3.37% or 5.10 points to trade at 146.45 at the close. Rheinmetall AG (ETR:RHMG) declined 1.12% or 6.40 points to end at 566.40 and RWE AG ST O.N. (ETR:RWEG) was down 0.69% or 0.22 points to 31.75.

The top performers on the MDAX were Talanx AG NA O.N. (ETR:TLXGn) which rose 6.78% to 78.00, Jenoptik AG (ETR:JENGn) which was up 4.80% to settle at 21.82 and CTS Eventim AG (ETR:EVDG) which gained 4.05% to close at 93.85.

The worst performers were Redcare Pharmacy NV (ETR:RDC) which was down 4.73% to 155.20 in late trade, Hensoldt Ag (ETR:HAGG) which lost 3.51% to settle at 33.50 and HelloFresh SE (ETR:HFGG) which was down 3.00% to 11.30 at the close.

The top performers on the TecDAX were Elmos Semiconductor AG (ETR:ELGG) which rose 6.45% to 67.70, Energiekontor AG (ETR:EKTG) which was up 6.33% to settle at 43.70 and Jenoptik AG (ETR:JENGn) which gained 4.80% to close at 21.82.

The worst performers were SMA Solar Technology AG (ETR:S92G) which was down 13.68% to 11.93 in late trade, Hensoldt Ag (ETR:HAGG) which lost 3.51% to settle at 33.50 and CompuGroup Medical AG O.N. (ETR:COP1n) which was down 1.31% to 14.28 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 398 to 222 and 30 ended unchanged.

Shares in Deutsche Telekom AG Na (ETR:DTEGn) rose to all time highs; rising 3.30% or 0.92 to 28.77. Shares in SMA Solar Technology AG (ETR:S92G) fell to 5-year lows; falling 13.68% or 1.89 to 11.93.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.56% to 16.43.

Gold Futures for December delivery was down 0.28% or 7.20 to $2,579.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.31% or 0.21 to hit $68.64 a barrel, while the January Brent oil contract rose 0.33% or 0.24 to trade at $72.52 a barrel.

EUR/USD was unchanged 0.01% to 1.06, while EUR/GBP unchanged 0.04% to 0.83.

The US Dollar Index Futures was up 0.09% at 106.47.

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