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Germany stocks higher at close of trade; DAX up 0.74%

Published 01/18/2018, 12:15 PM
Updated 01/18/2018, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.74%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Technology, Chemicals and Retail sectors led shares higher.

At the close in Frankfurt, the DAX gained 0.74%, while the MDAX index gained 0.59%, and the TecDAX index gained 1.42%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 5.55% or 1.320 points to trade at 25.100 at the close. Meanwhile, BASF SE NA O.N. (DE:BASFN) added 2.75% or 2.570 points to end at 96.150 and Adidas AG (DE:ADSGN) was up 2.30% or 3.85 points to 171.00 in late trade.

The worst performers of the session were Merck KGaA (DE:MRCG), which fell 1.42% or 1.30 points to trade at 90.12 at the close. Fresenius SE & Co KGAA O.N. (DE:FREG) declined 0.58% or 0.380 points to end at 65.120 and E.ON SE NA (DE:EONGn) was down 0.49% or 0.044 points to 8.883.

The top performers on the MDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 5.05% to 0.48, K+S AG NA O.N. (DE:SDFGn) which was up 4.15% to settle at 22.350 and Wacker Chemie O.N. (DE:WCHG) which gained 2.97% to close at 173.40.

The worst performers were Gerresheimer AG (BS:GXId) which was down 1.18% to 72.050 in late trade, Hugo Boss AG NA O.N. (DE:BOSSn) which lost 1.18% to settle at 75.380 and Jungheinrich AG O.N.VZO (DE:JUNG_p) which was down 1.17% to 40.520 at the close.

The top performers on the TecDAX were S&T AG (F:SANT1) which rose 9.80% to 21.620, Jenoptik AG (DE:JENG) which was up 6.83% to settle at 30.960 and Medigene NA O.N. (DE:MDG1k) which gained 6.47% to close at 14.480.

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The worst performers were Sartorius AG VZO O.N. (DE:SATG_p) which was down 0.85% to 87.250 in late trade, Pfeiffer Vacuum Technology O.N. (DE:PV) which lost 0.74% to settle at 160.10 and Telefonica Deutschland Holding AG (DE:O2Dn) which was down 0.71% to 4.040 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 423 to 291 and 101 ended unchanged.

Shares in Wacker Chemie O.N. (DE:WCHG) rose to 5-year highs; gaining 2.97% or 5.00 to 173.40. Shares in S&T AG (F:SANT1) rose to 5-year highs; rising 9.80% or 1.930 to 21.620. Shares in Jenoptik AG (DE:JENG) rose to all time highs; up 6.83% or 1.980 to 30.960. Shares in Medigene NA O.N. (DE:MDG1k) rose to 52-week highs; up 6.47% or 0.880 to 14.480.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.66% to 12.58.

Gold Futures for February delivery was down 0.61% or 8.20 to $1331.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.22% or 0.14 to hit $64.11 a barrel, while the March Brent oil contract rose 0.01% or 0.01 to trade at $69.39 a barrel.

EUR/USD was up 0.52% to 1.2249, while EUR/GBP unchanged 0.00% to 0.8813.

The US Dollar Index Futures was down 0.45% at 90.24.

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