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Germany stocks higher at close of trade; DAX up 2.50%

Published 08/09/2016, 12:15 PM
Updated 08/09/2016, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 2.50%

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

At the close in Frankfurt, the DAX gained 2.50% to hit a new 6-months high, while the MDAX index added 1.38%, and the TecDAX index climbed 1.49%.

The best performers of the session on the DAX were Muench. Rueckvers. VNA O.N. (DE:MUVGn), which rose 5.70% or 8.700 points to trade at 161.300 at the close. Meanwhile, Lufthansa AG VNA O.N. (DE:LHAG) added 4.50% or 0.475 points to end at 11.035 and Infineon Technologies AG NA O.N. (DE:IFXGn) was up 4.09% or 0.595 points to 15.135 in late trade.

The worst performers of the session were Adidas AG NA O.N. (DE:ADSGN), which rose 0.41% or 0.600 points to trade at 148.500 at the close. RWE AG ST O.N. (DE:RWEG) added 1.33% or 0.205 points to end at 15.615 and E.ON SE NA (DE:EONGn) was up 1.36% or 0.127 points to 9.432.

The top performers on the MDAX were Stroeer SE (DE:SAXG) which rose 4.06% to 44.035, Covestro AG (DE:1COV) which was up 3.53% to settle at 44.850 and Aareal Bank AG (DE:ARLG) which gained 3.32% to close at 29.915.

The worst performers were Kuka AG (DE:KU2G) which was down 1.49% to 105.800 in late trade, Alstria Office Reit-Ag (DE:AOXG) which lost 0.32% to settle at 12.410 and Hugo Boss AG NA O.N. (DE:BOSSn) which was down 0.30% to 53.700 at the close.

The top performers on the TecDAX were STRATEC Biomedical AG (DE:SBSG) which rose 4.62% to 55.000, GFT Technologies AG (DE:GFTG) which was up 3.90% to settle at 20.780 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 3.08% to close at 3.784.

The worst performers were Slm Solution G (DE:AM3D) which was down 1.27% to 25.58 in late trade, Suess Microtec NA O.N. (DE:SMHNn) which lost 1.04% to settle at 6.185 and RIB Software AG Na (DE:RIB) which was down 0.13% to 9.805 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 649 to 238 and 26 ended unchanged.

Shares in Infineon Technologies AG NA O.N. (DE:IFXGn) rose to all time highs; rising 4.09% or 0.595 to 15.135. Shares in Covestro AG (DE:1COV) rose to all time highs; gaining 3.53% or 1.530 to 44.850.

The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 17.92.

Gold for December delivery was up 0.29% or 3.90 to $1345.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.16% or 0.07 to hit $43.09 a barrel, while the October Brent oil contract fell 0.09% or 0.04 to trade at $45.35 a barrel.

EUR/USD was up 0.23% to 1.1111, while EUR/GBP rose 0.48% to 0.8544.

The US Dollar Index was down 0.20% at 96.10.

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