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Germany stocks higher at close of trade; DAX up 1.07%

Published 08/30/2016, 12:15 PM
Updated 08/30/2016, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.07%

Investing.com – Germany stocks were higher after the close on Tuesday, as gains in the Software, Insurance and Utilities sectors led shares higher.

At the close in Frankfurt, the DAX added 1.07%, while the MDAX index climbed 0.38%, and the TecDAX index climbed 0.78%.

The best performers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 3.79% or 0.470 points to trade at 12.885 at the close. Meanwhile, Commerzbank AG O.N. (DE:CBKG) added 2.76% or 0.164 points to end at 6.100 and Allianz SE VNA O.N. (DE:ALVG) was up 2.55% or 3.300 points to 132.500 in late trade.

The worst performers of the session were Vonovia SE (DE:VNAn), which fell 1.07% or 0.38 points to trade at 35.19 at the close. Linde AG O.N. (DE:LING) declined 0.55% or 0.850 points to end at 153.750 and Adidas AG NA O.N. (DE:ADSGN) was down 0.33% or 0.500 points to 152.200.

The top performers on the MDAX were K+S AG NA O.N. (DE:SDFGn) which rose 4.01% to 18.955, Wacker Chemie O.N. (DE:WCHG) which was up 3.40% to settle at 86.340 and STADA Arzneimittel VNA O.N. (DE:STAGn) which gained 2.72% to close at 49.400.

The worst performers were Fielmann AG (DE:FIEG) which was down 1.68% to 70.170 in late trade, Salzgitter AG (DE:SZGG) which lost 1.48% to settle at 27.980 and Krones AG O.N. (DE:KRNG) which was down 1.47% to 87.000 at the close.

The top performers on the TecDAX were Wirecard AG (DE:WDIG) which rose 3.05% to 44.280, Siltronic AG (DE:WAFGn) which was up 1.91% to settle at 18.450 and Aixtron SE NA O.N. (DE:AIXGn) which gained 1.74% to close at 5.559.

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The worst performers were Xing AG (DE:OBCGn) which was down 0.65% to 183.950 in late trade, Bechtle AG (DE:BC8G) which lost 0.59% to settle at 101.150 and Nordex SE O.N. (DE:NDXG) which was down 0.32% to 24.137 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 565 to 305 and 20 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.55% to 18.72.

Gold for December delivery was down 0.53% or 7.05 to $1320.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 1.02% or 0.48 to hit $46.50 a barrel, while the November Brent oil contract fell 1.38% or 0.68 to trade at $48.77 a barrel.

EUR/USD was down 0.32% to 1.1152, while EUR/GBP fell 0.16% to 0.8524.

The US Dollar Index was up 0.46% at 95.97.

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