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Germany stocks higher at close of trade; DAX up 0.26%

Published 07/24/2019, 01:15 PM
Updated 07/24/2019, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.26%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Technology, Software and Construction sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.26%, while the MDAX index climbed 0.52%, and the TecDAX index gained 1.18%.

The best performers of the session on the DAX were Covestro AG (DE:1COV), which rose 3.25% or 1.410 points to trade at 44.820 at the close. Meanwhile, Thyssenkrupp AG O.N. (DE:TKAG) added 3.01% or 0.350 points to end at 11.970 and Daimler AG NA O.N. (DE:DAIGn) was up 2.44% or 1.170 points to 49.215 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 1.85% or 0.132 points to trade at 7.002 at the close. Beiersdorf AG O.N. (DE:BEIG) declined 1.67% or 1.800 points to end at 105.850 and Bayer AG NA (DE:BAYGN) was down 1.46% or 0.89 points to 60.10.

The top performers on the MDAX were Siltronic AG (DE:WAFGn) which rose 5.12% to 74.280, Norma Group AG NA O.N. (DE:NOEJ) which was up 4.56% to settle at 33.460 and Fraport AG (DE:FRAG) which gained 3.92% to close at 78.000.

The worst performers were Kion Group AG (DE:KGX) which was down 2.37% to 49.48 in late trade, Software AG (DE:SOWGn) which lost 1.96% to settle at 25.550 and Hugo Boss AG NA O.N. (DE:BOSSn) which was down 1.67% to 57.700 at the close.

The top performers on the TecDAX were Siltronic AG (DE:WAFGn) which rose 5.12% to 74.280, SLM Solutions Group AG (DE:AM3D) which was up 4.86% to settle at 11.66 and Aixtron SE NA O.N. (DE:AIXGn) which gained 4.22% to close at 8.5040.

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The worst performers were Software AG (DE:SOWGn) which was down 1.96% to 25.550 in late trade, SMA Solar Technology AG (DE:S92G) which lost 1.87% to settle at 24.100 and Sartorius AG VZO O.N. (DE:SATG_p) which was down 1.45% to 190.200 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 432 to 258 and 70 ended unchanged.

Shares in Software AG (DE:SOWGn) fell to 3-years lows; losing 1.96% or 0.510 to 25.550. Shares in Software AG (DE:SOWGn) fell to 3-years lows; losing 1.96% or 0.510 to 25.550.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.02% to 14.33.

Gold Futures for August delivery was up 0.02% or 0.35 to $1422.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.07% or 0.04 to hit $56.73 a barrel, while the September Brent oil contract rose 0.41% or 0.26 to trade at $64.09 a barrel.

EUR/USD was down 0.09% to 1.1141, while EUR/GBP fell 0.54% to 0.8916.

The US Dollar Index Futures was down 0.02% at 97.395.

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