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Germany stocks higher at close of trade; DAX up 0.74%

Published 09/28/2016, 12:15 PM
Updated 09/28/2016, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.74%

© Reuters. Germany stocks higher at close of trade; DAX up 0.74%

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

At the close in Frankfurt, the DAX gained 0.74%, while the MDAX index gained 1.08%, and the TecDAX index added 0.74%.

The best performers of the session on the DAX were Linde AG O.N. (DE:LING), which rose 3.88% or 5.550 points to trade at 148.550 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 2.79% or 0.405 points to end at 14.935 and Prosiebensat 1 Media AG (DE:PSMGn) was up 2.21% or 0.820 points to 37.945 in late trade.

The worst performers of the session were Vonovia SE (DE:VNAn), which fell 0.55% or 0.19 points to trade at 34.30 at the close. Deutsche Telekom AG Na (DE:DTEGn) declined 0.40% or 0.060 points to end at 14.870 and E.ON SE NA (DE:EONGn) was down 0.33% or 0.021 points to 6.275.

The top performers on the MDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 3.94% to 5.25, Lanxess AG (DE:LXSG) which was up 3.71% to settle at 55.350 and K+S AG NA O.N. (DE:SDFGn) which gained 3.21% to close at 16.570.

The worst performers were Kuka AG (DE:KU2G) which was down 0.83% to 85.570 in late trade, Alstria Office Reit-Ag (DE:AOXG) which lost 0.68% to settle at 12.350 and Fraport AG (DE:FRAG) which was down 0.64% to 48.630 at the close.

The top performers on the TecDAX were Adva Optical Networking SE (DE:ADAG) which rose 5.56% to 8.909, Nordex SE O.N. (DE:NDXG) which was up 3.46% to settle at 26.785 and Carl Zeiss Meditec AG (DE:AFXG) which gained 3.16% to close at 34.390.

The worst performers were Siltronic AG (DE:WAFGn) which was down 1.84% to 24.000 in late trade, STRATEC Biomedical AG (DE:SBSG) which lost 1.80% to settle at 50.230 and RIB Software AG Na (DE:RIB) which was down 1.61% to 10.990 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 635 to 228 and 21 ended unchanged.

Shares in Lanxess AG (DE:LXSG) rose to 52-week highs; up 3.71% or 1.980 to 55.350.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.55% to 18.70.

Gold for December delivery was down 0.40% or 5.35 to $1325.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.97% or 0.88 to hit $45.55 a barrel, while the December Brent oil contract rose 2.28% or 1.06 to trade at $47.58 a barrel.

EUR/USD was down 0.12% to 1.1203, while EUR/GBP rose 0.01% to 0.8613.

The US Dollar Index was up 0.16% at 95.50.

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