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Germany stocks higher at close of trade; DAX up 0.93%

Published 05/30/2018, 12:15 PM
Updated 05/30/2018, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.93%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Food & Beverages, Pharmaceuticals & Healthcare and Financial Services sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.93%, while the MDAX index climbed 0.29%, and the TecDAX index added 0.65%.

The best performers of the session on the DAX were Merck KGaA (DE:MRCG), which rose 3.94% or 3.36 points to trade at 88.62 at the close. Meanwhile, Bayer AG NA (DE:BAYGN) added 3.91% or 3.86 points to end at 102.70 and Vonovia SE (DE:VNAn) was up 2.75% or 1.09 points to 40.79 in late trade.

The worst performers of the session were Deutsche Lufthansa AG (DE:LHAG), which fell 2.11% or 0.510 points to trade at 23.660 at the close. Heidelbergcement AG O.N. (DE:HEIG) declined 0.68% or 0.520 points to end at 75.820 and Daimler AG NA O.N. (DE:DAIGn) was down 0.51% or 0.320 points to 62.870.

The top performers on the MDAX were Rocket Internet (DE:RKET) which rose 3.91% to 23.90, Metro Wholesale & Food Specialist AG (DE:B4B) which was up 2.21% to settle at 11.8100 and Hochtief AG (DE:HOTG) which gained 1.99% to close at 154.00.

The worst performers were Prosiebensat 1 Media AG (DE:PSMGn) which was down 3.23% to 25.1400 in late trade, Wacker Chemie O.N. (DE:WCHG) which lost 2.78% to settle at 141.50 and Jungheinrich AG O.N.VZO (DE:JUNG_p) which was down 0.93% to 33.920 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which rose 6.01% to 54.700, S&T AG (F:SANT1) which was up 3.52% to settle at 20.320 and RIB Software AG Na (DE:RIB) which gained 3.00% to close at 21.320.

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The worst performers were Aixtron SE (DE:AIXGn) which was down 4.30% to 12.920 in late trade, Sartorius AG VZO O.N. (DE:SATG_p) which lost 2.13% to settle at 128.500 and Carl Zeiss Meditec AG (DE:AFXG) which was down 2.09% to 58.700 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 429 to 278 and 78 ended unchanged.

Shares in Heidelbergcement AG O.N. (DE:HEIG) fell to 52-week lows; down 0.68% or 0.520 to 75.820.

The DAX volatility index, which measures the implied volatility of DAX options, was down 7.93% to 17.63.

Gold Futures for June delivery was up 0.26% or 3.40 to $1302.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 2.40% or 1.60 to hit $68.33 a barrel, while the August Brent oil contract rose 2.68% or 2.02 to trade at $77.51 a barrel.

EUR/USD was up 1.05% to 1.1657, while EUR/GBP rose 0.76% to 0.8773.

The US Dollar Index Futures was down 0.79% at 94.06.

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