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Germany stocks higher at close of trade; DAX up 0.52%

Published 09/12/2018, 12:15 PM
Updated 09/12/2018, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.52%

© Reuters. Germany stocks higher at close of trade; DAX up 0.52%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Food & Beverages, Transportation & Logistics and Consumer & Cyclical sectors led shares higher.

At the close in Frankfurt, the DAX added 0.52%, while the MDAX index gained 0.27%, and the TecDAX index gained 0.15%.

The best performers of the session on the DAX were Adidas AG (DE:ADSGN), which rose 1.98% or 4.10 points to trade at 210.70 at the close. Meanwhile, Continental AG O.N. (DE:CONG) added 1.77% or 2.60 points to end at 149.60 and Deutsche Lufthansa AG (DE:LHAG) was up 1.72% or 0.380 points to 22.470 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (DE:IFXGn), which fell 5.66% or 1.120 points to trade at 18.670 at the close. RWE AG ST O.N. (DE:RWEG) declined 3.62% or 0.810 points to end at 21.550 and E.ON SE NA (DE:EONGn) was down 3.49% or 0.319 points to 8.820.

The top performers on the MDAX were Gerresheimer AG (DE:GXIG) which rose 3.97% to 79.800, Stroeer SE (DE:SAXG) which was up 3.37% to settle at 52.200 and Fielmann AG (DE:FIEG) which gained 1.99% to close at 53.900.

The worst performers were Wacker Chemie O.N. (DE:WCHG) which was down 6.08% to 110.83 in late trade, Norma Group AG NA O.N. (DE:NOEJ) which lost 3.05% to settle at 55.550 and GEA Group AG (DE:G1AG) which was down 1.86% to 31.140 at the close.

The top performers on the TecDAX were Cancom SE O.N. (DE:COKG) which rose 12.61% to 40.200, Sartorius AG VZO O.N. (DE:SATG_p) which was up 3.07% to settle at 151.000 and Nordex SE O.N. (DE:NDXG) which gained 2.80% to close at 9.252.

The worst performers were Siltronic AG (DE:WAFGn) which was down 5.93% to 100.750 in late trade, SLM Solutions Group AG (DE:AM3D) which lost 4.08% to settle at 21.15 and Aixtron SE (DE:AIXGn) which was down 2.83% to 10.300 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 403 to 285 and 90 ended unchanged.

Shares in Infineon Technologies AG NA O.N. (DE:IFXGn) fell to 52-week lows; losing 5.66% or 1.120 to 18.670. Shares in Gerresheimer AG (DE:GXIG) rose to all time highs; rising 3.97% or 3.050 to 79.800. Shares in SLM Solutions Group AG (DE:AM3D) fell to 52-week lows; down 4.08% or 0.90 to 21.15.

The DAX volatility index, which measures the implied volatility of DAX options, was down 3.29% to 16.37.

Gold Futures for December delivery was up 0.61% or 7.30 to $1209.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.81% or 1.25 to hit $70.50 a barrel, while the November Brent oil contract rose 0.54% or 0.43 to trade at $79.49 a barrel.

EUR/USD was up 0.18% to 1.1627, while EUR/GBP rose 0.17% to 0.8920.

The US Dollar Index Futures was down 0.22% at 94.84.

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