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Germany stocks higher at close of trade; DAX up 0.71%

Published 05/22/2018, 12:15 PM
Updated 05/22/2018, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.71%

© Reuters. Germany stocks higher at close of trade; DAX up 0.71%

Investing.com – Germany stocks were higher after the close on Tuesday, as gains in the Food & Beverages, Basic Resources and Industrials sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.71% to hit a new 3-months high, while the MDAX index added 0.58%, and the TecDAX index gained 0.44%.

The best performers of the session on the DAX were Thyssenkrupp AG O.N. (DE:TKAG), which rose 9.46% or 2.040 points to trade at 23.600 at the close. Meanwhile, Bayerische Motoren Werke AG (DE:BMWG) added 2.55% or 2.260 points to end at 90.830 and Volkswagen AG VZO O.N. (DE:VOWG_p) was up 2.02% or 3.50 points to 176.60 in late trade.

The worst performers of the session were RWE AG ST O.N. (DE:RWEG), which fell 0.99% or 0.200 points to trade at 19.920 at the close. Merck KGaA (DE:MRCG) declined 0.61% or 0.52 points to end at 84.48 and Covestro AG (DE:1COV) was down 0.55% or 0.440 points to 79.000.

The top performers on the MDAX were Deutsche Pfandbriefbank AG (DE:PBBG) which rose 3.59% to 13.55, Metro Wholesale & Food Specialist AG (DE:B4B) which was up 3.44% to settle at 11.8850 and Salzgitter AG (DE:SZGG) which gained 3.25% to close at 48.540.

The worst performers were Metro AG (DE:MEOG) which was down 6.81% to 8.862 in late trade, Duerr AG (DE:DUEG) which lost 3.21% to settle at 92.920 and Prosiebensat 1 Media AG (DE:PSMGn) which was down 2.35% to 26.6500 at the close.

The top performers on the TecDAX were Evotec AG O.N. (DE:EVTG) which rose 11.58% to 14.115, Adva Optical Networking SE (DE:ADAG) which was up 3.65% to settle at 6.390 and Dialog Semiconductor (DE:DLGS) which gained 2.80% to close at 19.440.

The worst performers were Wirecard AG (DE:WDIG) which was down 3.96% to 126.150 in late trade, Medigene NA O.N. (DE:MDG1k) which lost 2.82% to settle at 15.840 and CompuGroup Medical AG O.N. (DE:COPMa) which was down 1.22% to 42.120 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 470 to 223 and 79 ended unchanged.

Shares in Metro AG (DE:MEOG) fell to 52-week lows; losing 6.81% or 0.648 to 8.862.

The DAX volatility index, which measures the implied volatility of DAX options, was down 7.47% to 14.67.

Gold Futures for June delivery was up 0.08% or 1.00 to $1291.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.55% or 0.40 to hit $72.75 a barrel, while the July Brent oil contract rose 1.26% or 1.00 to trade at $80.22 a barrel.

EUR/USD was down 0.05% to 1.1785, while EUR/GBP fell 0.14% to 0.8770.

The US Dollar Index Futures was down 0.01% at 93.45.

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