Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Utilities, Telecoms and Insurance sectors led shares higher.
At the close in Frankfurt, the DAX added 1.75%, while the MDAX index gained 2.01%, and the TecDAX index climbed 1.87%.
The best performers of the session on the DAX were E.ON SE NA (DE:EONGn), which rose 4.67% or 0.391 points to trade at 8.755 at the close. Meanwhile, Deutsche Telekom AG Na (DE:DTEGn) added 4.15% or 0.598 points to end at 14.998 and RWE AG ST O.N. (DE:RWEG) was up 4.03% or 0.512 points to 13.217 in late trade.
The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 1.26% or 0.075 points to trade at 5.865 at the close. Continental AG O.N. (DE:CONG) declined 0.53% or 0.900 points to end at 169.100 and Bayer AG NA (DE:BAYGN) was down 0.03% or 0.030 points to 89.110.
The top performers on the MDAX were Fraport AG (DE:FRAG) which rose 4.42% to 47.945, STADA Arzneimittel VNA O.N. (DE:STAGn) which was up 4.36% to settle at 45.812 and Evonik Industries AG (DE:EVKn) which gained 3.84% to close at 26.490.
The worst performers were Bilfinger SE O.N. (DE:GBFG) which was down 2.37% to 25.560 in late trade, Hella KGaA Hueck & Co (DE:HLE) which lost 2.31% to settle at 28.82 and Jungheinrich AG O.N.VZO (DE:JUNG_p) which was down 1.21% to 26.870 at the close.
The top performers on the TecDAX were Sartorius AG VZO O.N. (DE:SATG_p) which rose 4.88% to 64.920, Morphosys AG O.N. (DE:MORG) which was up 4.43% to settle at 37.068 and Xing AG (DE:OBCGn) which gained 3.66% to close at 171.350.
The worst performers were United Internet AG NA (DE:UTDI) which was down 1.30% to 36.425 in late trade, SMA Solar Technology AG (DE:S92G) which lost 1.07% to settle at 43.940 and Draegerwerk VZO O.N. (DE:DRWG_p) which was down 0.13% to 54.460 at the close.
Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 701 to 175 and 21 ended unchanged.
Shares in Commerzbank AG O.N. (DE:CBKG) fell to 52-week lows; down 1.26% or 0.075 to 5.865. Shares in Bilfinger SE O.N. (DE:GBFG) fell to 5-year lows; down 2.37% or 0.620 to 25.560. Shares in Jungheinrich AG O.N.VZO (DE:JUNG_p) fell to 3-years lows; losing 1.21% or 0.330 to 26.870.
The DAX volatility index, which measures the implied volatility of DAX options, was down 2.44% to 24.76.
Gold for August delivery was up 0.82% or 10.75 to $1328.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 2.78% or 1.33 to hit $49.18 a barrel, while the September Brent oil contract rose 2.78% or 1.37 to trade at $50.63 a barrel.
EUR/USD was up 0.42% to 1.1112, while EUR/GBP fell 0.72% to 0.8233.
The US Dollar Index was down 0.47% at 95.74.