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Germany stocks higher at close of trade; DAX up 1.01%

Published 09/30/2016, 12:15 PM
Updated 09/30/2016, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.01%

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

At the close in Frankfurt, the DAX gained 1.01%, while the MDAX index added 0.42%, and the TecDAX index climbed 0.95%.

The best performers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 6.39% or 0.695 points to trade at 11.570 at the close. Meanwhile, Infineon Technologies AG NA O.N. (DE:IFXGn) added 4.37% or 0.665 points to end at 15.880 and BASF SE NA O.N. (DE:BASFN) was up 2.35% or 1.750 points to 76.110 in late trade.

The worst performers of the session were Deutsche Boerse AG (DE:DB1Gn), which fell 2.54% or 1.810 points to trade at 69.470 at the close. Commerzbank AG O.N. (DE:CBKG) declined 1.21% or 0.070 points to end at 5.738 and E.ON SE NA (DE:EONGn) was down 0.36% or 0.023 points to 6.314.

The top performers on the MDAX were Covestro AG (DE:1COV) which rose 2.79% to 52.630, K+S AG NA O.N. (DE:SDFGn) which was up 2.27% to settle at 16.885 and Leoni AG (DE:LEOGn) which gained 2.27% to close at 32.420.

The worst performers were Stroeer SE (DE:SAXG) which was down 2.58% to 38.680 in late trade, Rheinmetall AG (DE:RHMG) which lost 1.35% to settle at 61.960 and Steinhoff International Holdings NV (DE:SNHG) which was down 1.29% to 5.11 at the close.

The top performers on the TecDAX were Dialog Semiconductor (DE:DLGS) which rose 4.32% to 34.315, STRATEC Biomedical AG (DE:SBSG) which was up 4.05% to settle at 51.300 and Drillisch AG (DE:DRIG) which gained 3.97% to close at 43.215.

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The worst performers were SMA Solar Technology AG (DE:S92G) which was down 0.73% to 28.390 in late trade, Slm Solution G (DE:AM3D) which lost 0.59% to settle at 42.12 and Siltronic AG (DE:WAFGn) which was down 0.49% to 23.515 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 477 to 403 and 20 ended unchanged.

Shares in Deutsche Boerse AG (DE:DB1Gn) fell to 52-week lows; losing 2.54% or 1.810 to 69.470. Shares in Infineon Technologies AG NA O.N. (DE:IFXGn) rose to all time highs; up 4.37% or 0.665 to 15.880. Shares in Covestro AG (DE:1COV) rose to all time highs; gaining 2.79% or 1.430 to 52.630.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.52% to 18.84.

Gold for December delivery was down 0.30% or 3.95 to $1322.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.50% or 0.24 to hit $48.07 a barrel, while the December Brent oil contract rose 0.36% or 0.18 to trade at $49.99 a barrel.

EUR/USD was up 0.12% to 1.1233, while EUR/GBP fell 0.09% to 0.8645.

The US Dollar Index was down 0.08% at 95.35.

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