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Germany stocks higher at close of trade; DAX up 1.34%

Published 05/20/2020, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.34%
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Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Technology, Retail and Chemicals sectors led shares higher.

At the close in Frankfurt, the DAX gained 1.34% to hit a new 1-month high, while the MDAX index added 1.16%, and the TecDAX index gained 1.81%.

The best performers of the session on the DAX were Fresenius SE & Co KGAA O.N. (DE:FREG), which rose 7.64% or 3.185 points to trade at 44.875 at the close. Meanwhile, Infineon Technologies AG NA O.N. (DE:IFXGn) added 4.73% or 0.878 points to end at 19.453 and Wirecard AG (DE:WDIG) was up 4.29% or 3.535 points to 85.925 in late trade.

The worst performers of the session were MTU Aero Engines NA O.N. (DE:MTXGn), which fell 2.19% or 3.00 points to trade at 134.00 at the close. Deutsche Boerse AG (DE:DB1Gn) declined 1.55% or 2.375 points to end at 151.250 and Bayer AG NA (DE:BAYGN) was down 1.40% or 0.85 points to 59.71.

The top performers on the MDAX were Aareal Bank AG (DE:ARLG) which rose 11.94% to 16.970, Gerresheimer AG (DE:GXIG) which was up 6.02% to settle at 74.850 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 4.91% to close at 320.200.

The worst performers were CTS Eventim AG (DE:EVDG) which was down 7.07% to 34.720 in late trade, Rheinmetall AG (DE:RHMG) which lost 3.10% to settle at 67.520 and Aroundtown Property Holdings PLC (DE:AT1) which was down 2.53% to 4.618 at the close.

The top performers on the TecDAX were Sartorius AG VZO O.N. (DE:SATG_p) which rose 4.91% to 320.200, Infineon Technologies AG NA O.N. (DE:IFXGn) which was up 4.73% to settle at 19.453 and Wirecard AG (DE:WDIG) which gained 4.29% to close at 85.925.

The worst performers were Morphosys AG O.N. (DE:MORG) which was down 2.40% to 116.750 in late trade, Freenet AG NA (DE:FNTGn) which lost 1.56% to settle at 16.082 and United Internet AG NA (DE:UTDI) which was down 1.44% to 36.400 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 424 to 239 and 77 ended unchanged.

Shares in Sartorius AG VZO O.N. (DE:SATG_p) rose to all time highs; rising 4.91% or 15.000 to 320.200. Shares in Sartorius AG VZO O.N. (DE:SATG_p) rose to all time highs; up 4.91% or 15.000 to 320.200.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.47% to 31.83.

Gold Futures for June delivery was up 0.21% or 3.75 to $1749.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 2.97% or 0.95 to hit $32.91 a barrel, while the July Brent oil contract rose 1.88% or 0.65 to trade at $35.30 a barrel.

EUR/USD was up 0.50% to 1.0976, while EUR/GBP rose 0.71% to 0.8974.

The US Dollar Index Futures was down 0.15% at 99.218.

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