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Germany stocks higher at close of trade; DAX up 1.85%

Published 06/23/2016, 12:15 PM
Updated 06/23/2016, 12:15 PM
Germany stocks higher at close of trade; DAX up 1.85%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Basic Resources, Utilities and Telecoms sectors led shares higher.

At the close in Frankfurt, the DAX gained 1.85%, while the MDAX index added 1.35%, and the TecDAX index gained 0.93%.

The best performers of the session on the DAX were Thyssenkrupp AG O.N. (DE:TKAG), which rose 5.07% or 0.960 points to trade at 19.890 at the close. Meanwhile, Commerzbank AG O.N. (DE:CBKG) added 4.21% or 0.288 points to end at 7.127 and Linde AG O.N. (DE:LING) was up 3.57% or 4.550 points to 132.000 in late trade.

The worst performers of the session were Adidas AG NA O.N. (DE:ADSGN), which fell 0.24% or 0.300 points to trade at 123.500 at the close. Vonovia SE (DE:VNAn) added 0.05% or 0.01 points to end at 31.80 and Merck KGAA O.N. (DE:MRK) was up 0.39% or 0.350 points to 90.090.

The top performers on the MDAX were K+S AG NA O.N. (DE:SDFGn) which rose 5.91% to 22.235, Leoni AG NA O.N. (DE:LEOGn) which was up 5.09% to settle at 30.475 and Salzgitter AG O.N. (DE:SZGG) which gained 4.68% to close at 27.380.

The worst performers were Talanx AG NA O.N. (DE:TLXGn) which was down 1.38% to 28.195 in late trade, Deutsche Wohnen AG Inh (DE:DWNG) which lost 0.83% to settle at 29.315 and Fielmann AG O.N. (DE:FIEG) which was down 0.74% to 64.430 at the close.

The top performers on the TecDAX were Sartorius AG VZO O.N. (DE:SATG_p) which rose 3.25% to 64.870, RIB Software AG Na (DE:RIB) which was up 2.68% to settle at 8.651 and GFT Technologies AG (DE:GFTG) which gained 2.21% to close at 21.525.

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The worst performers were Slm Solution G (DE:AM3D) which was down 2.98% to 23.44 in late trade, Drillisch AG O.N. (DE:DRIG) which lost 1.62% to settle at 37.330 and Morphosys AG O.N. (DE:MORG) which was down 1.24% to 37.570 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 597 to 291 and 25 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 6.42% to 25.38.

Gold for August delivery was down 0.33% or 4.15 to $1265.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.77% or 0.38 to hit $49.51 a barrel, while the August Brent oil contract rose 0.80% or 0.40 to trade at $50.28 a barrel.

EUR/USD was up 0.55% to 1.1359, while EUR/GBP fell 0.05% to 0.7672.

The US Dollar Index was down 0.33% at 93.50.

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