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Germany stocks higher at close of trade; DAX up 0.98%

Published 04/12/2018, 12:15 PM
Updated 04/12/2018, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.98%

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

At the close in Frankfurt, the DAX added 0.98% to hit a new 1-month high, while the MDAX index gained 0.13%, and the TecDAX index climbed 1.73%.

The best performers of the session on the DAX were Deutsche Lufthansa AG (DE:LHAG), which rose 3.05% or 0.800 points to trade at 26.990 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 2.93% or 0.590 points to end at 20.700 and Infineon Technologies AG NA O.N. (DE:IFXGn) was up 2.35% or 0.500 points to 21.810 in late trade.

The worst performers of the session were Deutsche Boerse AG (DE:DB1Gn), which fell 2.47% or 2.750 points to trade at 108.800 at the close. Prosiebensat 1 Media AG (DE:PSMGn) declined 0.30% or 0.090 points to end at 29.600 and Heidelbergcement AG O.N. (DE:HEIG) was down 0.25% or 0.200 points to 79.200.

The top performers on the MDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 5.98% to 0.16, Salzgitter AG (DE:SZGG) which was up 4.66% to settle at 43.090 and Jungheinrich AG O.N.VZO (DE:JUNG_p) which gained 2.86% to close at 36.660.

The worst performers were GEA Group AG (DE:G1AG) which was down 8.22% to 31.810 in late trade, Gerresheimer AG (BS:GXId) which lost 4.06% to settle at 64.650 and Norma Group AG NA O.N. (DE:NOEJ) which was down 2.05% to 59.850 at the close.

The top performers on the TecDAX were Adva Optical Networking SE (DE:ADAG) which rose 5.84% to 5.350, Aixtron SE (DE:AIXGn) which was up 5.78% to settle at 16.343 and Siltronic AG (DE:WAFGn) which gained 4.99% to close at 149.300.

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The worst performers were Nordex SE O.N. (DE:NDXG) which was down 1.67% to 9.068 in late trade, Nemetschek AG O.N. (DE:NEKG) which lost 1.50% to settle at 95.450 and Cancom SE O.N. (DE:COKG) which was down 0.79% to 94.250 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 489 to 201 and 82 ended unchanged.

Shares in Steinhoff International Holdings NV (DE:SNHG) rose to all time lows; up 5.98% or 0.01 to 0.16. Shares in GEA Group AG (DE:G1AG) fell to 52-week lows; down 8.22% or 2.850 to 31.810.

The DAX volatility index, which measures the implied volatility of DAX options, was down 7.62% to 17.62.

Gold Futures for June delivery was down 1.33% or 18.10 to $1341.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.10% or 0.07 to hit $66.75 a barrel, while the June Brent oil contract fell 0.51% or 0.37 to trade at $71.69 a barrel.

EUR/USD was down 0.37% to 1.2321, while EUR/GBP fell 0.83% to 0.8651.

The US Dollar Index Futures was up 0.31% at 89.50.

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