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

Published 08/16/2017, 12:15 PM
Updated 08/16/2017, 12:20 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.71%

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

At the close in Frankfurt, the DAX gained 0.71%, while the MDAX index climbed 0.70%, and the TecDAX index gained 0.48%.

The best performers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which rose 2.88% or 0.565 points to trade at 20.215 at the close. Meanwhile, Siemens AG Class N (DE:SIEGn) added 2.09% or 2.30 points to end at 112.35 and Continental AG O.N. (DE:CONG) was up 2.03% or 3.85 points to 193.25 in late trade.

The worst performers of the session were Deutsche Telekom AG Na (DE:DTEGn), which fell 0.51% or 0.080 points to trade at 15.615 at the close. Adidas AG (DE:ADSGN) declined 0.41% or 0.80 points to end at 193.50 and Vonovia SE (DE:VNAn) was down 0.38% or 0.14 points to 35.47.

The top performers on the MDAX were Jungheinrich AG O.N.VZO (DE:JUNG_p) which rose 2.25% to 35.260, Hella KGaA Hueck & Co (DE:HLE) which was up 1.85% to settle at 46.06 and Lanxess AG (DE:LXSG) which gained 1.76% to close at 63.660.

The worst performers were K+S AG NA O.N. (DE:SDFGn) which was down 2.66% to 20.105 in late trade, Hugo Boss AG NA O.N. (DE:BOSSn) which lost 0.80% to settle at 71.890 and Salzgitter AG (DE:SZGG) which was down 0.61% to 37.430 at the close.

The top performers on the TecDAX were Evotec AG O.N. (DE:EVTG) which rose 4.02% to 14.990, Dialog Semiconductor (DE:DLGS) which was up 3.15% to settle at 39.015 and Cancom SE O.N. (DE:COKG) which gained 2.18% to close at 59.940.

The worst performers were Pfeiffer Vacuum Technology O.N. (DE:PV) which was down 3.23% to 139.35 in late trade, Adva Optical Networking SE (DE:ADAG) which lost 1.10% to settle at 6.582 and Drillisch AG (DE:DRIG) which was down 0.94% to 54.730 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 515 to 248 and 32 ended unchanged.

Shares in RWE AG ST O.N. (DE:RWEG) rose to 52-week highs; gaining 2.88% or 0.565 to 20.215. Shares in Evotec AG O.N. (DE:EVTG) rose to all time highs; gaining 4.02% or 0.580 to 14.990. Shares in Cancom SE O.N. (DE:COKG) rose to all time highs; gaining 2.18% or 1.280 to 59.940.

The DAX volatility index, which measures the implied volatility of DAX options, was down 3.00% to 14.23.

Gold Futures for December delivery was down 0.15% or 1.91 to $1277.79 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.74% or 0.35 to hit $47.20 a barrel, while the October Brent oil contract fell 0.31% or 0.16 to trade at $50.64 a barrel.

EUR/USD was down 0.32% to 1.1696, while EUR/GBP fell 0.16% to 0.9103.

The US Dollar Index Futures was up 0.23% at 93.97.

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