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Germany stocks higher at close of trade; DAX up 1.47%

Published 07/12/2023, 01:15 PM
©  Reuters Germany stocks higher at close of trade; DAX up 1.47%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Retail, Technology and Financial Services sectors led shares higher.

At the close in Frankfurt, the DAX added 1.47%, while the MDAX index added 2.32%, and the TecDAX index climbed 1.79%.

The best performers of the session on the DAX were Zalando SE (ETR:ZALG), which rose 10.51% or 2.71 points to trade at 28.50 at the close. Meanwhile, Vonovia SE (ETR:VNAn) added 4.97% or 0.92 points to end at 19.32 and Infineon Technologies AG NA O.N. (ETR:IFXGn) was up 3.16% or 1.15 points to 37.60 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (ETR:DBKGn), which fell 0.36% or 0.03 points to trade at 9.44 at the close. Beiersdorf AG O.N. (ETR:BEIG) added 0.26% or 0.30 points to end at 116.05 and Bayer AG NA (ETR:BAYGN) was up 0.27% or 0.14 points to 49.95.

The top performers on the MDAX were LEG Immobilien AG (ETR:LEGn) which rose 5.99% to 58.02, Sixt SE (ETR:SIXG) which was up 5.58% to settle at 111.70 and Rational AG (ETR:RAAG) which gained 4.77% to close at 658.50.

The worst performers were Redcare Pharmacy NV (ETR:RDC) which was down 2.12% to 104.10 in late trade, Befesa SA (ETR:BFSA) which lost 1.39% to settle at 34.06 and K&S AG (ETR:SDFGn) which was down 0.90% to 16.59 at the close.

The top performers on the TecDAX were Siltronic AG (ETR:WAFGn) which rose 5.93% to 70.60, United Internet AG NA (ETR:UTDI) which was up 5.89% to settle at 13.30 and Aixtron SE (ETR:AIXGn) which gained 4.07% to close at 29.44.

The worst performers were Morphosys AG O.N. (ETR:MORG) which was down 3.21% to 27.13 in late trade, Software AG (ETR:SOWGn) which gained 0.06% to settle at 31.60 and SMA Solar Technology AG (ETR:S92G) which was up 0.11% to 94.15 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 473 to 172 and 97 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 7.86% to 15.35.

Gold Futures for August delivery was up 1.33% or 25.70 to $1,962.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.02% or 0.76 to hit $75.59 a barrel, while the September Brent oil contract rose 0.69% or 0.55 to trade at $79.95 a barrel.

EUR/USD was up 1.11% to 1.11, while EUR/GBP rose 0.65% to 0.86.

The US Dollar Index Futures was down 1.12% at 100.27.

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