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Germany stocks higher at close of trade; DAX up 0.83%

Published 02/20/2018, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.83%

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

At the close in Frankfurt, the DAX gained 0.83%, while the MDAX index gained 0.94%, and the TecDAX index gained 1.10%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 2.23% or 0.490 points to trade at 22.510 at the close. Meanwhile, Deutsche Bank AG NA O.N. (DE:DBKGn) added 1.52% or 0.200 points to end at 13.394 and BASF SE NA O.N. (DE:BASFN) was up 1.43% or 1.230 points to 87.480 in late trade.

The worst performers of the session were Deutsche Boerse AG (DE:DB1Gn), which fell 0.61% or 0.650 points to trade at 105.150 at the close. Volkswagen AG VZO O.N. (DE:VOWG_p) declined 0.60% or 1.00 points to end at 164.86 and Bayerische Motoren Werke AG (DE:BMWG) was down 0.55% or 0.480 points to 86.800.

The top performers on the MDAX were Covestro AG (DE:1COV) which rose 3.33% to 93.000, Stroeer SE (DE:SAXG) which was up 2.89% to settle at 65.950 and Hochtief AG (DE:HOTG) which gained 2.46% to close at 137.70.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 3.47% to 0.36 in late trade, Metro AG (DE:MEOG) which lost 2.14% to settle at 10.950 and Aareal Bank AG (DE:ARLG) which was down 1.74% to 39.050 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 4.75% to 9.882, GFT Technologies AG (DE:GFTG) which was up 3.47% to settle at 11.640 and S&T AG (F:SANT1) which gained 2.66% to close at 21.580.

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The worst performers were Software AG (DE:SOWG) which was down 1.29% to 42.240 in late trade, Xing AG (DE:OBCGn) which lost 0.95% to settle at 262.00 and Pfeiffer Vacuum Technology O.N. (DE:PV) which was down 0.85% to 151.50 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 473 to 255 and 81 ended unchanged.

Shares in Stroeer SE (DE:SAXG) rose to all time highs; gaining 2.89% or 1.850 to 65.950.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.98% to 19.25.

Gold Futures for April delivery was down 1.54% or 20.90 to $1335.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.19% or 0.73 to hit $62.28 a barrel, while the April Brent oil contract unchanged 0.00% or 0.00 to trade at $65.67 a barrel.

EUR/USD was down 0.46% to 1.2350, while EUR/GBP fell 0.59% to 0.8809.

The US Dollar Index Futures was up 0.48% at 89.51.

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