Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Chemicals, Industrial and Construction sectors led shares higher.
At the close in Frankfurt, the DAX rose 2.66% to hit a new all time high, while the MDAX index gained 2.12%, and the TecDAX index climbed 2.40%.
The best performers of the session on the DAX were Bay.Motoren Werke AG ST (XETRA:BMWG), which rose 4.97% or 5.650 points to trade at 119.350 at the close. Meanwhile, Volkswagen AG VZO O.N. (XETRA:VOWG_p) added 4.73% or 10.950 points to end at 242.250 and Daimler AG NA O.N. (XETRA:DAIGn) was up 3.80% or 3.370 points to 92.070 in late trade.
The worst performers of the session were Deutsche Post AG NA O.N. (XETRA:DPWGn), which fell 1.74% or 0.525 points to trade at 29.725 at the close. Muench. Rueckvers. VNA O.N. (XETRA:MUVGn) added 0.32% or 0.600 points to end at 189.450 and RWE AG ST O.N. (XETRA:RWEG) was up 1.29% or 0.305 points to 23.980.
The top performers on the MDAX were Osram Licht (XETRA:OSRn) which rose 6.45% to 43.517, Airbus Group (XETRA:AIRG) which was up 4.43% to settle at 61.366 and Krones AG O.N. (XETRA:KRNG) which gained 3.41% to close at 91.990.
The worst performers were Suedzucker Mannheim Ochsenfurt AG (XETRA:SZUG) which was down 2.22% to 12.775 in late trade, A.Springer AG VNA (XETRA:SPRGn) which lost 1.97% to settle at 53.770 and Kabel Deutschland Holding AG O.N. (XETRA:KD8Gn) which was down 0.73% to 121.650 at the close.
The top performers on the TecDAX were Draegerwerk VZO O.N. (XETRA:DRWG_p) which rose 8.20% to 99.930, Adva Optical Networking SE (XETRA:ADAG) which was up 8.04% to settle at 4.110 and BB Biotech AG (XETRA:BIONn) which gained 4.16% to close at 304.500.
The worst performers were Nemetschek AG O.N. (XETRA:NEKG) which was down 1.60% to 123.300 in late trade, Pfeiffer Vacuum Technology O.N. (XETRA:PV) which gained 0.30% to settle at 76.200 and SMA Solar Technology AG (XETRA:S92G) which was up 0.41% to 12.200 at the close.
Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 574 to 163 and 29 ended unchanged.
Shares in Bay.Motoren Werke AG ST (XETRA:BMWG) rose to all time highs; rising 4.97% or 5.650 to 119.350. Shares in Volkswagen AG VZO O.N. (XETRA:VOWG_p) rose to all time highs; rising 4.73% or 10.950 to 242.250. Shares in Muench. Rueckvers. VNA O.N. (XETRA:MUVGn) rose to all time highs; gaining 0.32% or 0.600 to 189.450. Shares in Daimler AG NA O.N. (XETRA:DAIGn) rose to all time highs; rising 3.80% or 3.370 to 92.070. Shares in Airbus Group (XETRA:AIRG) rose to all time highs; up 4.43% or 2.606 to 61.366. Shares in Krones AG O.N. (XETRA:KRNG) rose to all time highs; rising 3.41% or 3.030 to 91.990. Shares in Draegerwerk VZO O.N. (XETRA:DRWG_p) rose to 52-week highs; up 8.20% or 7.570 to 99.930. Shares in Adva Optical Networking SE (XETRA:ADAG) rose to 52-week highs; rising 8.04% or 0.306 to 4.110. Shares in BB Biotech AG (XETRA:BIONn) rose to all time highs; up 4.16% or 12.150 to 304.500.
The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 15.81.
Gold for April delivery was down 0.86% or 10.00 to $1150.10 a troy ounce. Elsewhere in commodities trading, Crude Oil for delivery in April fell 1.06% or 0.51 to hit $47.78 a barrel, while the April Brent Oil contract rose 1.55% or 0.88 to trade at $57.27 a barrel.
EUR/USD was down 1.19% to 1.0569, while EUR/GBP fell 0.44% to 0.7069.
The US Dollar Index was up 0.97% at 99.56.