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Germany stocks higher at close of trade; DAX up 0.61%

Published 03/16/2017, 01:15 PM
Updated 03/16/2017, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.61%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Transportation & Logistics, Basic Resources and Consumer & Cyclical sectors led shares higher.

At the close in Frankfurt, the DAX added 0.61% to hit a new 52-week high, while the MDAX index gained 0.61%, and the TecDAX index added 0.56%.

The best performers of the session on the DAX were Lufthansa AG VNA O.N. (DE:LHAG), which rose 5.24% or 0.755 points to trade at 15.170 at the close. Meanwhile, Deutsche Post AG NA O.N. (DE:DPWGn) added 2.07% or 0.645 points to end at 31.835 and Adidas AG (DE:ADSGN) was up 1.92% or 3.45 points to 183.05 in late trade.

The worst performers of the session were Heidelbergcement AG O.N. (DE:HEIG), which fell 1.75% or 1.5800 points to trade at 88.8500 at the close. Merck KGaA (DE:MRCG) declined 1.20% or 1.25 points to end at 102.75 and Deutsche Bank AG NA O.N. (DE:DBKGn) was down 0.96% or 0.175 points to 18.130.

The top performers on the MDAX were Leoni AG (DE:LEOGn) which rose 2.41% to 40.785, Osram Licht AG (F:OSRn) which was up 2.30% to settle at 57.732 and Symrise AG Inh. O.N. (DE:SY1G) which gained 2.29% to close at 61.250.

The worst performers were Wacker Chemie O.N. (DE:WCHG) which was down 2.56% to 98.71 in late trade, Bilfinger SE O.N. (DE:GBFG) which lost 1.66% to settle at 37.255 and Metro AG ST O.N. (DE:MEOG) which was down 1.04% to 29.035 at the close.

The top performers on the TecDAX were GFT Technologies AG (DE:GFTG) which rose 3.34% to 17.640, Adva Optical Networking SE (DE:ADAG) which was up 3.06% to settle at 10.615 and SMA Solar Technology AG (DE:S92G) which gained 3.05% to close at 26.015.

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The worst performers were Qiagen NV (DE:QGEN) which was down 3.00% to 27.365 in late trade, Siltronic AG (DE:WAFGn) which lost 0.93% to settle at 54.490 and Morphosys AG O.N. (DE:MORG) which was down 0.30% to 57.170 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 475 to 259 and 30 ended unchanged.

Shares in Adidas AG (DE:ADSGN) rose to all time highs; gaining 1.92% or 3.45 to 183.05. Shares in Leoni AG (DE:LEOGn) rose to 52-week highs; up 2.41% or 0.960 to 40.785. Shares in Adva Optical Networking SE (DE:ADAG) rose to 52-week highs; gaining 3.06% or 0.315 to 10.615.

The DAX volatility index, which measures the implied volatility of DAX options, was down 19.75% to 11.70 a new 52-week low.

Gold Futures for April delivery was up 2.32% or 27.85 to $1228.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.35% or 0.17 to hit $48.69 a barrel, while the May Brent oil contract fell 0.27% or 0.14 to trade at $51.67 a barrel.

EUR/USD was up 0.02% to 1.0734, while EUR/GBP fell 0.62% to 0.8679.

The US Dollar Index Futures was down 0.15% at 100.21.

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