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Germany stocks higher at close of trade; DAX up 0.13%

Published 10/19/2016, 12:15 PM
Updated 10/19/2016, 12:15 PM
Germany stocks higher at close of trade; DAX up 0.13%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Retail, Food & Beverages and Construction sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.13%, while the MDAX index climbed 0.49%, and the TecDAX index climbed 0.05%.

The best performers of the session on the DAX were Commerzbank AG O.N. (DE:CBKG), which rose 1.44% or 0.084 points to trade at 5.932 at the close. Meanwhile, Daimler AG NA O.N. (DE:DAIGn) added 1.34% or 0.860 points to end at 65.200 and Bay.Motoren Werke AG ST (DE:BMWG) was up 1.31% or 1.010 points to 78.020 in late trade.

The worst performers of the session were Deutsche Telekom AG Na (DE:DTEGn), which fell 0.72% or 0.105 points to trade at 14.420 at the close. SAP SE (DE:SAPG) declined 0.50% or 0.400 points to end at 79.470 and Bayer AG NA (DE:BAYGN) was down 0.47% or 0.430 points to 90.200.

The top performers on the MDAX were Zalando SE (DE:ZALG) which rose 6.98% to 39.91, Bilfinger SE O.N. (DE:GBFG) which was up 1.76% to settle at 32.900 and Hugo Boss AG NA O.N. (DE:BOSSn) which gained 1.73% to close at 54.160.

The worst performers were Salzgitter AG (DE:SZGG) which was down 3.32% to 29.375 in late trade, Leoni AG (DE:LEOGn) which lost 1.22% to settle at 34.365 and Evonik Industries AG (DE:EVKn) which was down 1.14% to 28.160 at the close.

The top performers on the TecDAX were S&T AG (F:SANT1) which rose 1.77% to 9.711, Adva Optical Networking SE (DE:ADAG) which was up 1.42% to settle at 8.834 and STRATEC Biomedical AG (DE:SBSG) which gained 1.33% to close at 56.200.

The worst performers were Xing AG (DE:OBCGn) which was down 0.98% to 181.900 in late trade, Carl Zeiss Meditec AG (DE:AFXG) which lost 0.86% to settle at 34.415 and Cancom SE O.N. (DE:COKG) which was down 0.85% to 43.880 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 497 to 379 and 27 ended unchanged.

Shares in Zalando SE (DE:ZALG) rose to all time highs; up 6.98% or 2.60 to 39.91.

The DAX volatility index, which measures the implied volatility of DAX options, was down 5.73% to 17.53.

Gold for December delivery was up 0.60% or 7.60 to $1270.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 2.94% or 1.48 to hit $51.77 a barrel, while the December Brent oil contract rose 2.44% or 1.26 to trade at $52.94 a barrel.

EUR/USD was down 0.13% to 1.0965, while EUR/GBP rose 0.12% to 0.8938.

The US Dollar Index was up 0.03% at 97.91.

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