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Germany stocks higher at close of trade; DAX up 1.57%

Published 08/05/2015, 12:15 PM
Updated 08/05/2015, 12:16 PM
Germany stocks higher at close of trade; DAX up 1.57%

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

At the close in Frankfurt, the DAX rose 1.57%, while the MDAX index added 0.60%, and the TecDAX index added 0.95%.

The best performers of the session on the DAX were Beiersdorf AG O.N. (XETRA:BEIG), which rose 3.65% or 2.920 points to trade at 82.900 at the close. Meanwhile, Infineon Technologies AG NA O.N. (XETRA:IFXGn) added 2.68% or 0.270 points to end at 10.345 and Volkswagen AG VZO O.N. (XETRA:VOWG_p) was up 2.67% or 4.900 points to 188.650 in late trade.

The worst performers of the session were K & S AG NA O.N. (XETRA:SDFGN), which fell 0.78% or 0.290 points to trade at 37.025 at the close. Commerzbank AG O.N. (XETRA:CBKG) declined 0.63% or 0.075 points to end at 11.855 and Fresenius Medical Care KGAA ST (XETRA:FMEG) was down 0.25% or 0.190 points to 76.600.

The top performers on the MDAX were Elringklinger AG NA O.N. (XETRA:ZILGn) which rose 6.92% to 24.015, Norma Group AG NA O.N. (XETRA:NOEJ) which was up 4.91% to settle at 47.550 and Fuchs Petrolub AG VZO O.N. (XETRA:FPEG_p) which gained 4.82% to close at 44.770.

The worst performers were Hannover Rueckversicherung SE (XETRA:HNRGn) which was down 3.31% to 97.130 in late trade, Hugo Boss AG NA O.N. (XETRA:BOSSn) which lost 1.19% to settle at 112.400 and Gagfah SA Nom. (XETRA:GFJG) which was down 1.08% to 14.650 at the close.

The top performers on the TecDAX were Aixtron SE NA O.N. (XETRA:AIXGn) which rose 6.28% to 5.954, Evotec AG O.N. (XETRA:EVTG) which was up 4.27% to settle at 3.688 and LPKF Laser & Electronics (XETRA:LPKG) which gained 2.51% to close at 8.819.

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The worst performers were SMA Solar Technology AG (XETRA:S92G) which was down 1.53% to 30.595 in late trade, Adva Optical Networking SE (XETRA:ADAG) which lost 1.43% to settle at 10.350 and Sartorius AG VZO O.N. (XETRA:SATG_p) which was down 1.15% to 197.300 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 515 to 227 and 41 ended unchanged.

Shares in Fuchs Petrolub AG VZO O.N. (XETRA:FPEG_p) rose to 52-week highs; up 4.82% or 2.060 to 44.770.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.22% to 16.71 a new 3-months low.

Gold for December delivery was down 0.59% or 6.40 to $1084.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.33% or 0.61 to hit $45.13 a barrel, while the September Brent oil contract fell 1.35% or 0.68 to trade at $49.31 a barrel.

EUR/USD was down 0.08% to 1.0873, while EUR/GBP fell 0.28% to 0.6972.

The US Dollar Index was up 0.15% at 98.19.

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