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Germany stocks higher at close of trade; DAX up 0.07%

Published 05/22/2020, 01:15 PM
Updated 05/22/2020, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.07%

© Reuters. Germany stocks higher at close of trade; DAX up 0.07%

Investing.com – Germany stocks were higher after the close on Friday, as gains in the Retail, Technology and Financial Services sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.07%, while the MDAX index gained 0.75%, and the TecDAX index added 0.63%.

The best performers of the session on the DAX were Muench. Rueckvers. VNA O.N. (DE:MUVGn), which rose 1.73% or 3.27 points to trade at 192.32 at the close. Meanwhile, Continental AG O.N. (DE:CONG) added 1.63% or 1.31 points to end at 81.51 and Vonovia SE (DE:VNAn) was up 1.41% or 0.69 points to 49.56 in late trade.

The worst performers of the session were Merck KGaA (DE:MRCG), which fell 1.21% or 1.27 points to trade at 103.70 at the close. Deutsche Lufthansa AG (DE:LHAG) declined 1.16% or 0.094 points to end at 8.038 and Bayer AG NA (DE:BAYGN) was down 0.95% or 0.55 points to 57.45.

The top performers on the MDAX were Tag Immobilien AG (DE:TEGG) which rose 6.57% to 22.060, Zalando SE (DE:ZALG) which was up 3.68% to settle at 56.94 and Dialog Semiconductor (DE:DLGS) which gained 2.64% to close at 35.170.

The worst performers were Qiagen NV (DE:QIA) which was down 8.56% to 39.310 in late trade, Duerr AG (DE:DUEG) which lost 3.94% to settle at 19.980 and Grenke N AG (DE:GLJn) which was down 1.67% to 64.95 at the close.

The top performers on the TecDAX were Dialog Semiconductor (DE:DLGS) which rose 2.64% to 35.170, Siltronic AG (DE:WAFGn) which was up 2.46% to settle at 84.080 and New Work SE (DE:NWOn) which gained 2.28% to close at 269.50.

The worst performers were Qiagen NV (DE:QIA) which was down 8.56% to 39.310 in late trade, RIB Software AG Na (DE:RIB) which lost 1.18% to settle at 26.840 and Freenet AG NA (DE:FNTGn) which was down 0.81% to 15.900 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 362 to 311 and 64 ended unchanged.

Shares in Zalando SE (DE:ZALG) rose to all time highs; rising 3.68% or 2.02 to 56.94.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.53% to 34.26.

Gold Futures for June delivery was up 0.71% or 12.30 to $1734.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 2.39% or 0.81 to hit $33.11 a barrel, while the July Brent oil contract fell 2.80% or 1.01 to trade at $35.05 a barrel.

EUR/USD was down 0.53% to 1.0891, while EUR/GBP fell 0.07% to 0.8950.

The US Dollar Index Futures was up 0.48% at 99.877.

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