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Germany stocks higher at close of trade; DAX up 0.85%

Published 06/17/2016, 12:15 PM
Updated 06/17/2016, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.85%

© Reuters. Germany stocks higher at close of trade; DAX up 0.85%

Investing.com – Germany stocks were higher after the close on Friday, as gains in the Basic Resources, Utilities and Technology sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.85%, while the MDAX index added 1.14%, and the TecDAX index gained 1.03%.

The best performers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 5.23% or 0.680 points to trade at 13.675 at the close. Meanwhile, Commerzbank AG O.N. (DE:CBKG) added 4.36% or 0.273 points to end at 6.533 and RWE AG ST O.N. (DE:RWEG) was up 4.02% or 0.480 points to 12.430 in late trade.

The worst performers of the session were Henkel AG & Co Kgaa Vzo (DE:HNKG), which fell 1.17% or 1.180 points to trade at 99.770 at the close. Beiersdorf AG O.N. (DE:BEIG) declined 1.00% or 0.780 points to end at 77.330 and Deutsche Telekom AG Na (DE:DTEGn) was down 0.73% or 0.105 points to 14.225.

The top performers on the MDAX were Norma Group AG NA O.N. (DE:NOEJ) which rose 6.51% to 44.205, Leoni AG NA O.N. (DE:LEOGn) which was up 5.26% to settle at 28.810 and Hella KGaA Hueck & Co (DE:HLE) which gained 4.51% to close at 33.03.

The worst performers were Fielmann AG O.N. (DE:FIEG) which was down 1.54% to 62.120 in late trade, LEG Immobilien AG (DE:LEGn) which lost 0.89% to settle at 78.700 and Airbus Group (F:AIRG) which was down 0.68% to 50.783 at the close.

The top performers on the TecDAX were Siltronic AG (DE:WAFGn) which rose 4.17% to 15.000, Jenoptik AG O.N. (DE:JENG) which was up 3.70% to settle at 14.005 and Evotec AG O.N. (DE:EVTG) which gained 3.58% to close at 3.641.

The worst performers were Nemetschek AG O.N. (DE:NEKG) which was down 2.38% to 49.005 in late trade, Carl Zeiss Meditec AG (DE:AFXG) which lost 1.72% to settle at 33.170 and Telefonica Deutschland Holding AG (DE:O2Dn) which was down 1.31% to 3.621 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 598 to 265 and 35 ended unchanged.

Shares in Telefonica Deutschland Holding AG (DE:O2Dn) fell to 52-week lows; down 1.31% or 0.048 to 3.621.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.66% to 30.90.

Gold for August delivery was down 0.57% or 7.35 to $1291.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 2.92% or 1.35 to hit $47.56 a barrel, while the August Brent oil contract rose 3.22% or 1.52 to trade at $48.71 a barrel.

EUR/USD was up 0.37% to 1.1267, while EUR/GBP fell 0.35% to 0.7876.

The US Dollar Index was down 0.40% at 94.39.

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