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Germany stocks higher at close of trade; DAX up 1.52%

Published 07/12/2017, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.52%
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Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Utilities, Technology and Transportation & Logistics sectors led shares higher.

At the close in Frankfurt, the DAX gained 1.52%, while the MDAX index added 0.99%, and the TecDAX index gained 1.72%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 2.88% or 0.540 points to trade at 19.260 at the close. Meanwhile, E.ON SE NA (DE:EONGn) added 2.73% or 0.228 points to end at 8.589 and Deutsche Post AG NA O.N. (DE:DPWGn) was up 2.70% or 0.895 points to 34.000 in late trade.

The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 1.61% or 0.180 points to trade at 10.970 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 0.90% or 0.150 points to end at 16.440 and Prosiebensat 1 Media AG (DE:PSMGn) was down 0.40% or 0.135 points to 33.885.

The top performers on the MDAX were Leoni AG (DE:LEOGn) which rose 4.76% to 47.975, Zalando SE (DE:ZALG) which was up 4.07% to settle at 40.69 and Rational AG (BS:RAAd) which gained 3.49% to close at 504.30.

The worst performers were Schaeffler AG Pref (DE:SHA_p) which was down 1.54% to 12.16 in late trade, Aareal Bank AG (DE:ARLG) which lost 0.69% to settle at 35.450 and Hella KGaA Hueck & Co (DE:HLE) which was down 0.65% to 44.91 at the close.

The top performers on the TecDAX were Siltronic AG (DE:WAFGn) which rose 7.91% to 84.080, Sartorius AG VZO O.N. (DE:SATG_p) which was up 3.58% to settle at 92.790 and Evotec AG O.N. (DE:EVTG) which gained 2.94% to close at 14.535.

The worst performers were GFT Technologies AG (DE:GFTG) which was down 3.52% to 15.630 in late trade, Nordex SE O.N. (DE:NDXG) which lost 0.82% to settle at 11.435 and Aixtron SE (DE:AIXGn) which was down 0.79% to 7.140 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 581 to 177 and 22 ended unchanged.

Shares in Deutsche Post AG NA O.N. (DE:DPWGn) rose to all time highs; rising 2.70% or 0.895 to 34.000. Shares in Rational AG (BS:RAAd) rose to all time highs; gaining 3.49% or 17.00 to 504.30. Shares in GFT Technologies AG (DE:GFTG) fell to 52-week lows; down 3.52% or 0.570 to 15.630. Shares in Evotec AG O.N. (DE:EVTG) rose to all time highs; rising 2.94% or 0.415 to 14.535.

The DAX volatility index, which measures the implied volatility of DAX options, was down 7.14% to 13.12.

Gold Futures for August delivery was up 0.52% or 6.31 to $1221.01 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.11% or 0.50 to hit $45.54 a barrel, while the September Brent oil contract rose 0.67% or 0.32 to trade at $47.84 a barrel.

EUR/USD was down 0.44% to 1.1416, while EUR/GBP fell 0.76% to 0.8858.

The US Dollar Index Futures was up 0.03% at 95.52.

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