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Germany stocks higher at close of trade; DAX up 1.74%

Published 04/20/2015, 12:15 PM
Updated 04/20/2015, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.74%

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

At the close in Frankfurt, the DAX rose 1.74%, while the MDAX index gained 1.16%, and the TecDAX index added 1.88%.

The best performers of the session on the DAX were BASF SE NA O.N. (XETRA:BASFN), which rose 3.20% or 2.850 points to trade at 92.030 at the close. Meanwhile, Commerzbank AG O.N. (XETRA:CBKG) added 2.61% or 0.320 points to end at 12.580 and Deutsche Telekom AG Na (XETRA:DTEGn) was up 2.60% or 0.425 points to 16.750 in late trade.

The worst performers of the session were Volkswagen AG VZO O.N. (XETRA:VOWG_p), which fell 1.79% or 4.200 points to trade at 230.800 at the close. Lanxess AG (XETRA:LXSG) added 0.30% or 0.145 points to end at 49.015 and Lufthansa AG VNA O.N. (XETRA:LHAG) was up 0.41% or 0.050 points to 12.250.

The top performers on the MDAX were Salzgitter AG O.N. (XETRA:SZGG) which rose 5.03% to 31.410, Wacker Chemie O.N. (XETRA:WCHG) which was up 4.91% to settle at 113.150 and Suedzucker Mannheim Ochsenfurt AG (XETRA:SZUG) which gained 3.62% to close at 12.175.

The worst performers were Gagfah SA Nom. (XETRA:GFJG) which was down 1.54% to 19.515 in late trade, LEG Immobilien AG (XETRA:LEGn) which lost 0.36% to settle at 74.490 and Hugo Boss AG NA O.N. (XETRA:BOSSn) which was down 0.34% to 116.000 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (XETRA:MORG) which rose 6.19% to 64.500, Adva Optical Networking SE (XETRA:ADAG) which was up 4.74% to settle at 4.885 and Nordex SE O.N. (XETRA:NDXG) which gained 4.51% to close at 19.450.

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The worst performers were Drillisch AG O.N. (XETRA:DRIG) which was down 0.46% to 38.070 in late trade, Pfeiffer Vacuum Technology O.N. (XETRA:PV) which lost 0.32% to settle at 83.500 and Xing AG (XETRA:OBCGn) which was down 0.27% to 149.300 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 569 to 174 and 30 ended unchanged.

Shares in Adva Optical Networking SE (XETRA:ADAG) rose to 52-week highs; gaining 4.74% or 0.221 to 4.885.

The DAX volatility index, which measures the implied volatility of DAX options, was down 5.72% to 20.60.

Gold for June delivery was down 0.71% or 8.60 to $1194.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 1.26% or 0.72 to hit $58.04 a barrel, while the June Brent oil contract rose 0.59% or 0.38 to trade at $63.83 a barrel.

EUR/USD was down 0.40% to 1.0764, while EUR/GBP fell 0.12% to 0.7217.

The US Dollar Index was up 0.35% at 97.96.

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