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Germany stocks higher at close of trade; DAX up 2.63%

Published 01/18/2019, 12:15 PM
Updated 01/18/2019, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 2.63%

Investing.com – Germany stocks were higher after the close on Friday, as gains in the Technology, Software and Chemicals sectors led shares higher.

At the close in Frankfurt, the DAX rose 2.63% to hit a new 1-month high, while the MDAX index climbed 1.93%, and the TecDAX index climbed 2.50%.

The best performers of the session on the DAX were Wirecard AG (DE:WDIG), which rose 4.79% or 6.850 points to trade at 149.850 at the close. Meanwhile, Continental AG O.N. (DE:CONG) added 4.47% or 5.75 points to end at 134.50 and BASF SE NA O.N. (DE:BASFN) was up 4.13% or 2.600 points to 65.600 in late trade.

The worst performers of the session were Beiersdorf AG O.N. (DE:BEIG), which rose 0.27% or 0.240 points to trade at 88.340 at the close. Merck KGaA (DE:MRCG) added 0.56% or 0.50 points to end at 90.50 and Henkel & Co KGaA AG Pref (DE:HNKG_p) was up 0.89% or 0.86 points to 97.02.

The top performers on the MDAX were Nemetschek AG O.N. (DE:NEKG) which rose 5.20% to 109.200, Siltronic AG (DE:WAFGn) which was up 4.95% to settle at 80.140 and Wacker Chemie O.N. (DE:WCHG) which gained 4.77% to close at 89.56.

The worst performers were Morphosys AG O.N. (DE:MORG) which was down 0.68% to 101.6000 in late trade, Deutsche Euroshop AG (DE:DEQGn) which lost 0.23% to settle at 25.700 and Delivery Hero AG (DE:DHER) which was down 0.06% to 32.94 at the close.

The top performers on the TecDAX were HelloFresh SE (DE:HFGG) which rose 21.45% to 8.78, SLM Solutions Group AG (DE:AM3D) which was up 15.07% to settle at 10.08 and S&T AG (DE:SANT1) which gained 7.50% to close at 18.78.

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The worst performers were Kloeckner & Co SE NA (DE:KCOGn) which was down 3.92% to 6.1350 in late trade, Draegerwerk VZO O.N. (DE:DRWG_p) which lost 1.58% to settle at 49.260 and TLG Immobilien AG (DE:TLGG) which was down 1.31% to 25.66 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 582 to 112 and 81 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 5.48% to 16.20 a new 3-months low.

Gold Futures for February delivery was down 0.78% or 10.05 to $1282.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 2.94% or 1.53 to hit $53.60 a barrel, while the March Brent oil contract rose 2.29% or 1.40 to trade at $62.58 a barrel.

EUR/USD was down 0.32% to 1.1359, while EUR/GBP rose 0.39% to 0.8806.

The US Dollar Index Futures was up 0.32% at 96.015.

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