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Germany stocks higher at close of trade; DAX up 0.61%

Published 08/16/2018, 12:15 PM
Updated 08/16/2018, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.61%

© Reuters. Germany stocks higher at close of trade; DAX up 0.61%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Software, Transportation & Logistics and Technology sectors led shares higher.

At the close in Frankfurt, the DAX gained 0.61%, while the MDAX index gained 0.88%, and the TecDAX index gained 1.59%.

The best performers of the session on the DAX were SAP SE (DE:SAPG), which rose 2.78% or 2.760 points to trade at 102.060 at the close. Meanwhile, Deutsche Lufthansa AG (DE:LHAG) added 1.80% or 0.410 points to end at 23.190 and Vonovia SE (DE:VNAn) was up 1.69% or 0.72 points to 43.22 in late trade.

The worst performers of the session were Bayer AG NA (DE:BAYGN), which fell 4.63% or 3.74 points to trade at 77.05 at the close. Deutsche Boerse AG (DE:DB1Gn) declined 0.09% or 0.100 points to end at 111.550 and BASF SE NA O.N. (DE:BASFN) was down 0.05% or 0.040 points to 77.460.

The top performers on the MDAX were Puma SE (DE:PUMG) which rose 6.36% to 455.75, K+S AG NA O.N. (DE:SDFGn) which was up 2.84% to settle at 19.585 and Jungheinrich AG O.N.VZO (DE:JUNG_p) which gained 2.70% to close at 31.140.

The worst performers were Hochtief AG (DE:HOTG) which was down 4.79% to 141.10 in late trade, Leoni AG (DE:LEOGn) which lost 2.17% to settle at 36.500 and Aareal Bank AG (DE:ARLG) which was down 1.25% to 36.390 at the close.

The top performers on the TecDAX were Wirecard AG (DE:WDIG) which rose 8.99% to 175.875, Evotec AG O.N. (DE:EVTG) which was up 5.93% to settle at 20.640 and SMA Solar Technology AG (DE:S92G) which gained 3.38% to close at 29.940.

The worst performers were Nordex SE O.N. (DE:NDXG) which was down 1.81% to 8.364 in late trade, S&T AG (DE:SANT1) which lost 1.11% to settle at 24.96 and Xing AG (DE:OBCGn) which was down 0.99% to 300.50 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 451 to 249 and 80 ended unchanged.

Shares in Bayer AG NA (DE:BAYGN) fell to 5-year lows; down 4.63% or 3.74 to 77.05. Shares in Vonovia SE (DE:VNAn) rose to all time highs; up 1.69% or 0.72 to 43.22. Shares in BASF SE NA O.N. (DE:BASFN) fell to 52-week lows; losing 0.05% or 0.040 to 77.460. Shares in Leoni AG (DE:LEOGn) fell to 52-week lows; falling 2.17% or 0.810 to 36.500. Shares in Wirecard AG (DE:WDIG) rose to all time highs; rising 8.99% or 14.500 to 175.875.

The DAX volatility index, which measures the implied volatility of DAX options, was down 13.06% to 17.68.

Gold Futures for December delivery was up 0.08% or 1.00 to $1186.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.58% or 0.38 to hit $65.39 a barrel, while the October Brent oil contract rose 0.61% or 0.43 to trade at $71.19 a barrel.

EUR/USD was up 0.33% to 1.1385, while EUR/GBP rose 0.15% to 0.8951.

The US Dollar Index Futures was down 0.17% at 96.43.

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