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Germany stocks higher at close of trade; DAX up 0.86%

Published 08/12/2020, 01:15 PM
Updated 08/12/2020, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.86%

© Reuters. Germany stocks higher at close of trade; DAX up 0.86%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Telecoms, Financial Services and Insurance sectors led shares higher.

At the close in Frankfurt, the DAX added 0.86%, while the MDAX index gained 0.62%, and the TecDAX index climbed 0.75%.

The best performers of the session on the DAX were Deutsche Boerse AG (DE:DB1Gn), which rose 2.55% or 3.900 points to trade at 157.030 at the close. Meanwhile, Vonovia SE (DE:VNAn) added 1.93% or 1.12 points to end at 59.10 and Muench. Rueckvers. VNA O.N. (DE:MUVGn) was up 1.83% or 4.30 points to 239.55 in late trade.

The worst performers of the session were MTU Aero Engines NA O.N. (DE:MTXGn), which fell 3.02% or 4.85 points to trade at 155.70 at the close. Wirecard AG (DE:WDIG) declined 1.44% or 0.024 points to end at 1.610 and Fresenius SE & Co KGAA O.N. (DE:FREG) was down 0.73% or 0.290 points to 39.545.

The top performers on the MDAX were Freenet AG NA (DE:FNTGn) which rose 16.06% to 18.320, Aurubis AG (DE:NAFG) which was up 3.84% to settle at 62.220 and Delivery Hero AG (DE:DHER) which gained 3.44% to close at 98.72.

The worst performers were Evotec AG O.N. (DE:EVTG) which was down 6.89% to 22.980 in late trade, HelloFresh SE (DE:HFGG) which lost 5.50% to settle at 43.60 and GEA Group AG (DE:G1AG) which was down 2.78% to 30.375 at the close.

The top performers on the TecDAX were Freenet AG NA (DE:FNTGn) which rose 16.06% to 18.320, Sartorius AG VZO O.N. (DE:SATG_p) which was up 2.89% to settle at 341.600 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 2.68% to close at 2.375.

The worst performers were Evotec AG O.N. (DE:EVTG) which was down 6.89% to 22.980 in late trade, Bechtle AG (DE:BC8G) which lost 2.62% to settle at 163.700 and S&T AG (DE:SANT1) which was down 1.91% to 24.70 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 396 to 265 and 88 ended unchanged.

Shares in Vonovia SE (DE:VNAn) rose to all time highs; rising 1.93% or 1.12 to 59.10. Shares in Aurubis AG (DE:NAFG) rose to 52-week highs; rising 3.84% or 2.300 to 62.220.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.58% to 24.15 a new 3-months low.

Gold Futures for December delivery was up 0.47% or 9.10 to $1955.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.87% or 0.78 to hit $42.39 a barrel, while the October Brent oil contract rose 1.60% or 0.71 to trade at $45.21 a barrel.

EUR/USD was up 0.44% to 1.1791, while EUR/GBP rose 0.52% to 0.9042.

The US Dollar Index Futures was down 0.25% at 93.368.

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