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Germany stocks higher at close of trade; DAX up 1.27%

Published 07/12/2024, 12:05 PM
Updated 07/12/2024, 12:06 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.27%
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Investing.com – Germany stocks were higher after the close on Friday, as gains in the Technology, Industrials and Consumer & Cyclical sectors led shares higher.

At the close in Frankfurt, the DAX gained 1.27% to hit a new 1-month high, while the MDAX index climbed 0.69%, and the TecDAX index added 0.57%.

The best performers of the session on the DAX were Siemens AG Class N (ETR:SIEGn), which rose 2.94% or 5.26 points to trade at 184.16 at the close. Meanwhile, MTU Aero Engines NA O.N. (ETR:MTXGn) added 2.61% or 6.40 points to end at 251.60 and Heidelbergcement AG O.N. (ETR:HEIG) was up 2.45% or 2.44 points to 102.20 in late trade.

The worst performers of the session were Sartorius AG VZO O.N. (ETR:SATG_p), which fell 1.31% or 3.20 points to trade at 240.20 at the close. Vonovia SE (ETR:VNAn) declined 0.62% or 0.18 points to end at 29.01 and Commerzbank AG O.N. (ETR:CBKG) was down 0.41% or 0.06 points to 14.51.

The top performers on the MDAX were CTS Eventim AG (ETR:EVDG) which rose 3.95% to 80.30, Redcare Pharmacy NV (ETR:RDC) which was up 3.29% to settle at 138.10 and Puma SE (ETR:PUMG) which gained 3.14% to close at 44.70.

The worst performers were Evotec AG O.N. (ETR:EVTG) which was down 4.02% to 8.95 in late trade, Gerresheimer AG (ETR:GXIG) which lost 3.81% to settle at 101.00 and United Internet AG NA (ETR:UTDI) which was down 2.79% to 20.90 at the close.

The top performers on the TecDAX were Elmos Semiconductor AG (ETR:ELGG) which rose 4.23% to 81.40, Atoss Software AG (ETR:AOFG) which was up 2.98% to settle at 117.60 and Infineon Technologies AG NA O.N. (ETR:IFXGn) which gained 2.22% to close at 36.08.

The worst performers were Suess Microtec NA O.N. (ETR:SMHNn) which was down 7.41% to 63.70 in late trade, Evotec AG O.N. (ETR:EVTG) which lost 4.02% to settle at 8.95 and United Internet AG NA (ETR:UTDI) which was down 2.79% to 20.90 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 379 to 226 and 37 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.44% to 12.71.

Gold Futures for August delivery was down 0.14% or 3.40 to $2,418.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.05% or 0.04 to hit $82.58 a barrel, while the September Brent oil contract fell 0.12% or 0.10 to trade at $85.30 a barrel.

EUR/USD was unchanged 0.36% to 1.09, while EUR/GBP unchanged 0.23% to 0.84.

The US Dollar Index Futures was down 0.33% at 103.79.

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