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Germany stocks higher at close of trade; DAX up 1.83%

Published 07/26/2018, 12:15 PM
Updated 07/26/2018, 12:20 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.83%
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Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Transportation & Logistics, Industrials and Software sectors led shares higher.

At the close in Frankfurt, the DAX rose 1.83% to hit a new 1-month high, while the MDAX index climbed 0.96%, and the TecDAX index gained 0.57%.

The best performers of the session on the DAX were Bayerische Motoren Werke AG (DE:BMWG), which rose 4.42% or 3.530 points to trade at 83.390 at the close. Meanwhile, Volkswagen AG VZO O.N. (DE:VOWG_p) added 3.96% or 5.78 points to end at 151.70 and Deutsche Lufthansa AG (DE:LHAG) was up 2.97% or 0.620 points to 21.490 in late trade.

The worst performers of the session were Linde AG 1 (DE:LIN1), which fell 0.95% or 2.0000 points to trade at 208.1000 at the close. Deutsche Boerse AG (DE:DB1Gn) declined 0.82% or 0.950 points to end at 114.850 and Adidas AG (DE:ADSGN) was down 0.40% or 0.75 points to 187.85.

The top performers on the MDAX were Schaeffler AG Pref (DE:SHA_p) which rose 5.12% to 11.70, Duerr AG (DE:DUEG) which was up 4.47% to settle at 37.190 and Airbus Group SE (DE:AIRG) which gained 4.15% to close at 109.50.

The worst performers were Puma SE (DE:PUMG) which was down 8.64% to 433.50 in late trade, Norma Group AG NA O.N. (DE:NOEJ) which lost 7.44% to settle at 52.850 and Kion Group AG (DE:KGX) which was down 4.42% to 60.52 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which rose 6.04% to 35.440, Sartorius AG VZO O.N. (DE:SATG_p) which was up 4.14% to settle at 145.800 and Isra Vision O.N. (DE:ISRG) which gained 3.73% to close at 52.80.

The worst performers were SLM Solutions Group AG (DE:AM3D) which was down 9.91% to 25.90 in late trade, Telefonica Deutschland Holding AG (DE:O2Dn) which lost 5.52% to settle at 3.682 and Evotec AG O.N. (DE:EVTG) which was down 5.06% to 17.260 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 479 to 215 and 86 ended unchanged.

Shares in Airbus Group SE (DE:AIRG) rose to all time highs; gaining 4.15% or 4.36 to 109.50. Shares in Kion Group AG (DE:KGX) fell to 52-week lows; falling 4.42% or 2.80 to 60.52. Shares in SLM Solutions Group AG (DE:AM3D) fell to 52-week lows; down 9.91% or 2.85 to 25.90.

The DAX volatility index, which measures the implied volatility of DAX options, was down 11.20% to 14.80.

Gold Futures for August delivery was down 0.49% or 6.00 to $1225.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.52% or 0.36 to hit $69.66 a barrel, while the September Brent oil contract rose 0.77% or 0.57 to trade at $74.50 a barrel.

EUR/USD was down 0.58% to 1.1660, while EUR/GBP fell 0.07% to 0.8886.

The US Dollar Index Futures was up 0.50% at 94.45.

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