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Germany stocks higher at close of trade; DAX up 0.49%

Published 07/07/2016, 12:15 PM
Updated 07/07/2016, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.49%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Food & Beverages, Utilities and Technology sectors led shares higher.

At the close in Frankfurt, the DAX gained 0.49%, while the MDAX index added 1.03%, and the TecDAX index added 1.96%.

The best performers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which rose 4.47% or 0.625 points to trade at 14.615 at the close. Meanwhile, E.ON SE NA (DE:EONGn) added 2.72% or 0.240 points to end at 9.060 and Infineon Technologies AG NA O.N. (DE:IFXGn) was up 1.75% or 0.210 points to 12.220 in late trade.

The worst performers of the session were Adidas AG NA O.N. (DE:ADSGN), which fell 1.13% or 1.450 points to trade at 126.550 at the close. Vonovia SE (DE:VNAn) declined 1.12% or 0.36 points to end at 31.91 and Linde AG O.N. (DE:LING) was down 1.11% or 1.350 points to 120.650.

The top performers on the MDAX were Suedzucker AG (DE:SZUG) which rose 7.81% to 21.190, Norma Group AG NA O.N. (DE:NOEJ) which was up 3.33% to settle at 42.085 and Gerresheimer AG (DE:GXId) which gained 3.20% to close at 71.320.

The worst performers were Hochtief AG (DE:HOTG) which was down 2.58% to 111.400 in late trade, Symrise AG Inh. O.N. (DE:SY1G) which lost 0.84% to settle at 60.310 and Tag Immobilien AG (DE:TEGG) which was down 0.72% to 11.725 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (DE:MORG) which rose 5.28% to 38.715, Dialog Semiconductor (DE:DLGS) which was up 4.01% to settle at 25.555 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 3.72% to close at 3.545.

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The worst performers were SMA Solar Technology AG (DE:S92G) which was down 1.67% to 43.000 in late trade, Siltronic AG (DE:WAFGn) which lost 0.31% to settle at 14.250 and Draegerwerk VZO O.N. (DE:DRWG_p) which was down 0.23% to 52.760 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 652 to 205 and 33 ended unchanged.

Shares in Suedzucker AG (DE:SZUG) rose to 52-week highs; up 7.81% or 1.535 to 21.190.

The DAX volatility index, which measures the implied volatility of DAX options, was down 5.09% to 24.23.

Gold for August delivery was down 0.61% or 8.35 to $1358.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 3.29% or 1.56 to hit $45.87 a barrel, while the September Brent oil contract fell 3.24% or 1.58 to trade at $47.22 a barrel.

EUR/USD was down 0.30% to 1.1066, while EUR/GBP fell 0.20% to 0.8567.

The US Dollar Index was up 0.17% at 96.29.

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