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Germany stocks higher at close of trade; DAX up 1.62%

Published 10/16/2020, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.62%
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Investing.com – Germany stocks were higher after the close on Friday, as gains in the Industrials, Retail and Chemicals sectors led shares higher.

At the close in Frankfurt, the DAX gained 1.62%, while the MDAX index climbed 1.10%, and the TecDAX index added 0.86%.

The best performers of the session on the DAX were Daimler AG NA O.N. (DE:DAIGn), which rose 5.87% or 2.740 points to trade at 49.430 at the close. Meanwhile, MTU Aero Engines NA O.N. (DE:MTXGn) added 4.24% or 6.25 points to end at 153.75 and Heidelbergcement AG O.N. (DE:HEIG) was up 3.46% or 1.850 points to 55.300 in late trade.

The worst performers of the session were Vonovia SE (DE:VNAn), which fell 0.78% or 0.46 points to trade at 58.34 at the close. Deutsche Wohnen AG (DE:DWNG) declined 0.36% or 0.160 points to end at 44.530 and Deutsche Telekom AG Na (DE:DTEGn) was down 0.07% or 0.010 points to 14.030.

The top performers on the MDAX were Thyssenkrupp AG O.N. (DE:TKAG) which rose 11.00% to 4.620, HelloFresh SE (DE:HFGG) which was up 6.86% to settle at 54.55 and Airbus Group SE (DE:AIRG) which gained 4.16% to close at 64.28.

The worst performers were Fraport AG (DE:FRAG) which was down 3.67% to 31.790 in late trade, Aroundtown Property Holdings PLC (DE:AT1) which lost 3.21% to settle at 4.379 and Alstria Office Reit-Ag (DE:AOXG) which was down 2.93% to 11.250 at the close.

The top performers on the TecDAX were LPKF Laser & Electronics (DE:LPKG) which rose 3.22% to 19.860, Carl Zeiss Meditec AG (DE:AFXG) which was up 2.70% to settle at 121.900 and CompuGroup Medical AG O.N. (DE:COP1n) which gained 2.34% to close at 78.650.

The worst performers were S&T AG (DE:SANT1) which was down 1.91% to 18.53 in late trade, New Work SE (DE:NWOn) which lost 1.02% to settle at 243.50 and Siltronic AG (DE:WAFGn) which was down 0.91% to 84.620 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 480 to 188 and 75 ended unchanged.

Shares in HelloFresh SE (DE:HFGG) rose to all time highs; rising 6.86% or 3.50 to 54.55.

The DAX volatility index, which measures the implied volatility of DAX options, was down 5.42% to 27.21.

Gold Futures for December delivery was down 0.12% or 2.35 to $1906.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.22% or 0.09 to hit $40.87 a barrel, while the December Brent oil contract fell 0.44% or 0.19 to trade at $42.97 a barrel.

EUR/USD was up 0.13% to 1.1722, while EUR/GBP rose 0.10% to 0.9071.

The US Dollar Index Futures was down 0.21% at 93.668.

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