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Germany stocks higher at close of trade; DAX up 0.25%

Published 04/23/2018, 12:15 PM
Updated 04/23/2018, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.25%

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

At the close in Frankfurt, the DAX added 0.25%, while the MDAX index climbed 0.26%, and the TecDAX index added 0.84%.

The best performers of the session on the DAX were Commerzbank AG O.N. (DE:CBKG), which rose 2.94% or 0.318 points to trade at 11.116 at the close. Meanwhile, Muench. Rueckvers. VNA O.N. (DE:MUVGn) added 1.63% or 3.20 points to end at 199.00 and Infineon Technologies AG NA O.N. (DE:IFXGn) was up 1.42% or 0.300 points to 21.400 in late trade.

The worst performers of the session were Fresenius Medical Care KGAA ST (DE:FMEG), which fell 4.19% or 3.560 points to trade at 81.320 at the close. E.ON SE NA (DE:EONGn) declined 1.01% or 0.090 points to end at 8.848 and Volkswagen AG VZO O.N. (DE:VOWG_p) was down 0.97% or 1.66 points to 169.44.

The top performers on the MDAX were Jungheinrich AG O.N.VZO (DE:JUNG_p) which rose 2.79% to 37.540, Deutsche Pfandbriefbank AG (DE:PBBG) which was up 2.61% to settle at 13.38 and Aareal Bank AG (DE:ARLG) which gained 2.07% to close at 42.800.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 12.60% to 0.15 in late trade, Suedzucker AG (DE:SZUG) which lost 3.29% to settle at 13.540 and Metro AG (DE:MEOG) which was down 2.18% to 9.408 at the close.

The top performers on the TecDAX were Jenoptik AG (DE:JENG) which rose 3.42% to 31.480, Freenet AG NA (DE:FNTGn) which was up 2.85% to settle at 27.020 and Siltronic AG (DE:WAFGn) which gained 2.50% to close at 143.500.

The worst performers were SLM Solutions Group AG (DE:AM3D) which was down 4.48% to 34.10 in late trade, Nordex SE O.N. (DE:NDXG) which lost 1.90% to settle at 9.584 and Aixtron SE (DE:AIXGn) which was down 1.35% to 15.740 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 407 to 293 and 74 ended unchanged.

Shares in Muench. Rueckvers. VNA O.N. (DE:MUVGn) rose to 3-years highs; gaining 1.63% or 3.20 to 199.00. Shares in Aareal Bank AG (DE:ARLG) rose to all time highs; up 2.07% or 0.870 to 42.800.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.95% to 14.98.

Gold Futures for June delivery was down 0.96% or 12.90 to $1325.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.34% or 0.23 to hit $68.17 a barrel, while the June Brent oil contract rose 0.18% or 0.13 to trade at $74.19 a barrel.

EUR/USD was down 0.58% to 1.2217, while EUR/GBP fell 0.23% to 0.8756.

The US Dollar Index Futures was up 0.59% at 90.61.

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