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Germany stocks higher at close of trade; DAX up 0.54%

Published 05/18/2016, 12:15 PM
Updated 05/18/2016, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.54%

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

At the close in Frankfurt, the DAX added 0.54%, while the MDAX index added 0.27%, and the TecDAX index gained 0.18%.

The best performers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 2.32% or 0.335 points to trade at 14.745 at the close. Meanwhile, Infineon Technologies AG NA O.N. (DE:IFXGn) added 2.29% or 0.275 points to end at 12.270 and Commerzbank AG O.N. (DE:CBKG) was up 2.28% or 0.160 points to 7.179 in late trade.

The worst performers of the session were Prosiebensat 1 Media AG (DE:PSMGn), which fell 1.08% or 0.470 points to trade at 42.970 at the close. RWE AG ST O.N. (DE:RWEG) declined 0.93% or 0.110 points to end at 11.700 and Bay.Motoren Werke AG ST (DE:BMWG) was down 0.80% or 0.570 points to 70.990.

The top performers on the MDAX were Kuka AG (DE:KU2G) which rose 23.21% to 104.000, Zalando SE (DE:ZALG) which was up 3.56% to settle at 27.76 and Deutsche Pfandbriefbank AG (DE:PBBG) which gained 3.43% to close at 9.38.

The worst performers were Hochtief AG (DE:HOTG) which was down 2.44% to 109.950 in late trade, Hella KGaA Hueck & Co (DE:HLE) which lost 1.97% to settle at 32.61 and Salzgitter AG O.N. (DE:SZGG) which was down 1.92% to 26.780 at the close.

The top performers on the TecDAX were Wirecard AG (DE:WDIG) which rose 2.73% to 41.925, Sartorius AG VZO O.N. (DE:SATG_p) which was up 2.58% to settle at 220.850 and Morphosys AG O.N. (DE:MORG) which gained 1.71% to close at 45.185.

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The worst performers were Siltronic AG (DE:WAFGn) which was down 2.70% to 14.800 in late trade, GFT Technologies AG (DE:GFTG) which lost 2.19% to settle at 21.250 and SMA Solar Technology AG (DE:S92G) which was down 1.90% to 46.820 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 462 to 421 and 32 ended unchanged.

Shares in Kuka AG (DE:KU2G) rose to all time highs; rising 23.21% or 19.590 to 104.000.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.26% to 22.52.

Gold for June delivery was down 0.27% or 3.45 to $1273.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.95% or 0.46 to hit $48.77 a barrel, while the July Brent oil contract rose 0.75% or 0.37 to trade at $49.65 a barrel.

EUR/USD was down 0.33% to 1.1276, while EUR/GBP fell 1.34% to 0.7718.

The US Dollar Index was up 0.16% at 94.70.

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