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Germany stocks higher at close of trade; DAX up 0.62%

Published 09/07/2016, 12:15 PM
Updated 09/07/2016, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.62%

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

At the close in Frankfurt, the DAX rose 0.62% to hit a new 6-months high, while the MDAX index gained 0.06%, and the TecDAX index climbed 0.12%.

The best performers of the session on the DAX were Thyssenkrupp AG O.N. (DE:TKAG), which rose 1.97% or 0.430 points to trade at 22.265 at the close. Meanwhile, BASF SE NA O.N. (DE:BASFN) added 1.70% or 1.240 points to end at 74.290 and Daimler AG NA O.N. (DE:DAIGn) was up 1.39% or 0.880 points to 64.170 in late trade.

The worst performers of the session were E.ON SE NA (DE:EONGn), which fell 2.25% or 0.189 points to trade at 8.219 at the close. Lufthansa AG VNA O.N. (DE:LHAG) declined 1.85% or 0.200 points to end at 10.590 and Deutsche Boerse AG (DE:DB1Gn) was down 1.26% or 0.920 points to 72.330.

The top performers on the MDAX were Bilfinger SE O.N. (DE:GBFG) which rose 3.46% to 28.550, Zalando SE (DE:ZALG) which was up 3.31% to settle at 36.52 and Kion Group AG (DE:KGX) which gained 2.66% to close at 54.05.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 4.40% to 5.26 in late trade, Wacker Chemie O.N. (DE:WCHG) which lost 4.05% to settle at 81.080 and Kuka AG (DE:KU2G) which was down 2.05% to 90.700 at the close.

The top performers on the TecDAX were Siltronic AG (DE:WAFGn) which rose 8.80% to 22.305, Cancom SE O.N. (DE:COKG) which was up 1.90% to settle at 44.485 and Nemetschek AG O.N. (DE:NEKG) which gained 1.77% to close at 55.060.

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The worst performers were Telefonica Deutschland Holding AG (DE:O2Dn) which was down 3.45% to 3.475 in late trade, Draegerwerk VZO O.N. (DE:DRWG_p) which lost 1.89% to settle at 66.500 and Suess Microtec NA O.N. (DE:SMHNn) which was down 1.38% to 6.218 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 506 to 376 and 26 ended unchanged.

Shares in Thyssenkrupp AG O.N. (DE:TKAG) rose to 52-week highs; rising 1.97% or 0.430 to 22.265. Shares in Kion Group AG (DE:KGX) rose to all time highs; gaining 2.66% or 1.40 to 54.05.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.08% to 17.55.

Gold for December delivery was down 0.44% or 5.95 to $1348.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.47% or 0.66 to hit $45.49 a barrel, while the November Brent oil contract rose 1.54% or 0.73 to trade at $47.99 a barrel.

EUR/USD was down 0.17% to 1.1236, while EUR/GBP rose 0.60% to 0.8426.

The US Dollar Index was up 0.21% at 95.00.

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