Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Germany stocks higher at close of trade; DAX up 0.44%

Published 01/08/2021, 11:15 AM
Updated 01/08/2021, 11:15 AM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.44%

Investing.com – Germany stocks were higher after the close on Friday, as gains in the Technology, Utilities and Consumer & Cyclical sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.44% to hit a new all time high, while the MDAX index added 0.33%, and the TecDAX index added 1.03%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 6.20% or 1.988 points to trade at 34.068 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 4.25% or 1.570 points to end at 38.505 and Fresenius Medical Care KGAA ST (DE:FMEG) was up 1.72% or 1.190 points to 70.550 in late trade.

The worst performers of the session were Volkswagen AG VZO O.N. (DE:VOWG_p), which fell 1.74% or 2.59 points to trade at 146.10 at the close. Bayer AG NA (DE:BAYGN) declined 1.64% or 0.86 points to end at 51.51 and Deutsche Telekom AG Na (DE:DTEGn) was down 1.54% or 0.236 points to 15.137.

The top performers on the MDAX were Siemens Energy AG (DE:ENR1n) which rose 5.08% to 33.48, Morphosys AG O.N. (DE:MORG) which was up 2.93% to settle at 99.400 and Wacker Chemie O.N. (DE:WCHG) which gained 2.67% to close at 121.75.

The worst performers were K&S AG (DE:SDFGn) which was down 5.09% to 9.833 in late trade, Commerzbank AG O.N. (DE:CBKG) which lost 4.57% to settle at 5.447 and Duerr AG (DE:DUEG) which was down 2.49% to 32.880 at the close.

The top performers on the TecDAX were Infineon Technologies AG NA O.N. (DE:IFXGn) which rose 6.20% to 34.068, Morphosys AG O.N. (DE:MORG) which was up 2.93% to settle at 99.400 and Jenoptik AG (DE:JENGn) which gained 2.79% to close at 25.760.

The worst performers were New Work SE (DE:NWOn) which was down 3.32% to 276.50 in late trade, Nordex SE O.N. (DE:NDXG) which lost 2.92% to settle at 25.260 and United Internet AG NA (DE:UTDI) which was down 1.93% to 36.020 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 347 to 325 and 43 ended unchanged.

Shares in Infineon Technologies AG NA O.N. (DE:IFXGn) rose to all time highs; gaining 6.20% or 1.988 to 34.068. Shares in RWE AG ST O.N. (DE:RWEG) rose to 5-year highs; gaining 4.25% or 1.570 to 38.505. Shares in Siemens Energy AG (DE:ENR1n) rose to all time highs; gaining 5.08% or 1.62 to 33.48. Shares in Wacker Chemie O.N. (DE:WCHG) rose to 52-week highs; up 2.67% or 3.17 to 121.75. Shares in Infineon Technologies AG NA O.N. (DE:IFXGn) rose to all time highs; up 6.20% or 1.988 to 34.068.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.32% to 22.35.

Gold Futures for February delivery was down 3.16% or 60.55 to $1853.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.71% or 0.87 to hit $51.70 a barrel, while the March Brent oil contract rose 2.02% or 1.10 to trade at $55.48 a barrel.

EUR/USD was down 0.24% to 1.2240, while EUR/GBP fell 0.25% to 0.9020.

The US Dollar Index Futures was up 0.18% at 89.950.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.