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Germany stocks higher at close of trade; DAX up 1.49%

Published 12/11/2018, 12:15 PM
Updated 12/11/2018, 12:17 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.49%
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Investing.com – Germany stocks were higher after the close on Tuesday, as gains in the Consumer & Cyclical, Pharmaceuticals & Healthcare and Utilities sectors led shares higher.

At the close in Frankfurt, the DAX rose 1.49%, while the MDAX index climbed 0.67%, and the TecDAX index added 1.68%.

The best performers of the session on the DAX were Linde PLC (DE:LINI), which rose 4.04% or 5.500 points to trade at 141.800 at the close. Meanwhile, Volkswagen AG VZO O.N. (DE:VOWG_p) added 3.63% or 5.12 points to end at 146.10 and Bayer AG NA (DE:BAYGN) was up 3.37% or 2.05 points to 62.85 in late trade.

The worst performers of the session were Vonovia SE (DE:VNAn), which fell 1.34% or 0.57 points to trade at 42.01 at the close. Deutsche Post AG NA O.N. (DE:DPWGn) declined 0.94% or 0.240 points to end at 25.280 and Fresenius SE & Co KGAA O.N. (DE:FREG) was down 0.55% or 0.220 points to 39.660.

The top performers on the MDAX were Wacker Chemie O.N. (DE:WCHG) which rose 5.91% to 75.49, Evotec AG O.N. (DE:EVTG) which was up 5.55% to settle at 18.265 and Freenet AG NA (DE:FNTGn) which gained 3.69% to close at 17.1200.

The worst performers were Deutsche Pfandbriefbank AG (DE:PBBG) which was down 2.50% to 8.96 in late trade, Grand City Properties SA (DE:GYC) which lost 2.44% to settle at 19.22 and LEG Immobilien AG (DE:LEGn) which was down 2.18% to 96.980 at the close.

The top performers on the TecDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 9.08% to 0.10, Medigene NA O.N. (DE:MDG1k) which was up 6.52% to settle at 8.000 and Nordex SE O.N. (DE:NDXG) which gained 6.38% to close at 8.802.

The worst performers were Hornbach Holding VZO O.N. (DE:HBH) which was down 16.37% to 42.150 in late trade, KWS SAAT AG O.N. (DE:KWSG) which lost 8.18% to settle at 252.50 and Adler Real Estate AG (DE:ADLG) which was down 4.16% to 14.28 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 508 to 199 and 74 ended unchanged.

Shares in Deutsche Post AG NA O.N. (DE:DPWGn) fell to 52-week lows; losing 0.94% or 0.240 to 25.280. Shares in Deutsche Pfandbriefbank AG (DE:PBBG) fell to 52-week lows; down 2.50% or 0.23 to 8.96. Shares in Hornbach Holding VZO O.N. (DE:HBH) fell to 5-year lows; losing 16.37% or 8.250 to 42.150. Shares in KWS SAAT AG O.N. (DE:KWSG) fell to 52-week lows; losing 8.18% or 22.50 to 252.50.

The DAX volatility index, which measures the implied volatility of DAX options, was down 9.67% to 21.76.

Gold Futures for February delivery was down 0.03% or 0.40 to $1249.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.10% or 0.56 to hit $51.56 a barrel, while the February Brent oil contract rose 0.43% or 0.26 to trade at $60.23 a barrel.

EUR/USD was down 0.39% to 1.1311, while EUR/GBP fell 0.10% to 0.9032.

The US Dollar Index Futures was up 0.29% at 97.463.

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