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Germany stocks mixed at close of trade; DAX up 2.18%

Published 05/24/2016, 12:15 PM
Updated 05/24/2016, 12:15 PM
© Reuters.  Germany stocks mixed at close of trade; DAX up 2.18%

Investing.com – Germany stocks were mixed after the close on Tuesday, as gains in the Insurance, Chemicals and Construction sectors led shares higher while losses in the Retail, Transportation & Logistics and Consumer & Cyclical sectors led shares lower.

At the close in Frankfurt, the DAX rose 2.18%, while the MDAX index added 1.25%, and the TecDAX index fell 0.04%.

The best performers of the session on the DAX were Volkswagen AG VZO O.N. (DE:VOWG_p), which rose 3.98% or 5.100 points to trade at 133.400 at the close. Meanwhile, Bayer AG NA (DE:BAYGN) added 3.23% or 2.730 points to end at 87.150 and Allianz SE VNA O.N. (DE:ALVG) was up 3.05% or 4.200 points to 141.900 in late trade.

The worst performers of the session were Lufthansa AG VNA O.N. (DE:LHAG), which rose 0.36% or 0.045 points to trade at 12.495 at the close. Adidas AG NA O.N. (DE:ADSGN) added 0.66% or 0.750 points to end at 114.800 and Deutsche Post AG NA O.N. (DE:DPWGn) was up 0.69% or 0.180 points to 26.125.

The top performers on the MDAX were Salzgitter AG O.N. (DE:SZGG) which rose 4.26% to 26.655, Covestro AG (DE:1COV) which was up 3.61% to settle at 35.745 and Hannover Rueckversicherung SE (DE:HNRGn) which gained 3.18% to close at 99.200.

The worst performers were Evonik Industries AG (DE:EVKn) which was down 3.67% to 26.000 in late trade, Zalando SE (DE:ZALG) which lost 2.36% to settle at 26.73 and STADA Arzneimittel VNA O.N. (DE:STAGn) which was down 1.31% to 43.625 at the close.

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The top performers on the TecDAX were Siltronic AG (DE:WAFGn) which rose 5.16% to 16.300, Morphosys AG O.N. (DE:MORG) which was up 4.36% to settle at 49.495 and Jenoptik AG O.N. (DE:JENG) which gained 2.24% to close at 14.145.

The worst performers were Drillisch AG O.N. (DE:DRIG) which was down 2.61% to 37.000 in late trade, Wirecard AG (DE:WDIG) which lost 1.79% to settle at 40.265 and Qiagen NV (DE:QGEN) which was down 1.73% to 18.770 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 691 to 207 and 24 ended unchanged.

Shares in Adidas AG NA O.N. (DE:ADSGN) rose to all time highs; rising 0.66% or 0.750 to 114.800.

The DAX volatility index, which measures the implied volatility of DAX options, was down 8.44% to 20.84.

Gold for June delivery was down 1.74% or 21.75 to $1229.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.98% or 0.47 to hit $48.55 a barrel, while the July Brent oil contract rose 0.48% or 0.23 to trade at $48.58 a barrel.

EUR/USD was down 0.70% to 1.1142, while EUR/GBP fell 1.63% to 0.7621.

The US Dollar Index was up 0.39% at 95.60.

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