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Germany stocks higher at close of trade; DAX up 1.04%

Published 12/23/2021, 01:15 PM
Updated 12/23/2021, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.04%

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

At the close in Frankfurt, the DAX added 1.04%, while the MDAX index climbed 0.61%, and the TecDAX index added 0.52%.

The best performers of the session on the DAX were Continental AG O.N. (DE:CONG), which rose 2.47% or 2.26 points to trade at 93.84 at the close. Meanwhile, MTU Aero Engines NA O.N. (DE:MTXGn) added 2.29% or 4.05 points to end at 181.00 and Porsche Automobil Holding SE (DE:PSHG_p) was up 2.10% or 1.740 points to 84.520 in late trade.

The worst performers of the session were Merck KGaA (DE:MRCG), which fell 1.01% or 2.30 points to trade at 225.20 at the close. HelloFresh SE (DE:HFGG) declined 0.90% or 0.62 points to end at 68.42 and Delivery Hero AG (DE:DHER) was down 0.87% or 0.86 points to 98.20.

The top performers on the MDAX were Thyssenkrupp AG O.N. (DE:TKAG) which rose 2.95% to 9.502, Duerr AG (DE:DUEG) which was up 2.88% to settle at 40.660 and Varta AG (DE:VAR1) which gained 2.84% to close at 114.000.

The worst performers were Gerresheimer AG (DE:GXIG) which was down 1.71% to 83.350 in late trade, Tag Immobilien AG (DE:TEGG) which lost 1.47% to settle at 24.130 and Scout24 AG (DE:G24n) which was down 0.97% to 61.060 at the close.

The top performers on the TecDAX were Nagarro SE (DE:NA9n) which rose 6.27% to 195.00, Varta AG (DE:VAR1) which was up 2.84% to settle at 114.000 and Suse SA (DE:SUSEG) which gained 2.63% to close at 39.00.

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The worst performers were Morphosys AG O.N. (DE:MORG) which was down 2.52% to 33.690 in late trade, Sartorius AG VZO O.N. (DE:SATG_p) which lost 0.79% to settle at 578.800 and Qiagen NV (DE:QIA) which was down 0.61% to 48.790 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 524 to 186 and 66 ended unchanged.

Shares in Nagarro SE (DE:NA9n) rose to all time highs; up 6.27% or 11.50 to 195.00.

The DAX volatility index, which measures the implied volatility of DAX options, was down 28.96% to 17.22 a new 1-month low.

Gold Futures for February delivery was up 0.41% or 7.45 to $1809.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.07% or 0.78 to hit $73.54 a barrel, while the March Brent oil contract rose 1.18% or 0.89 to trade at $76.17 a barrel.

EUR/USD was up 0.09% to 1.1334, while EUR/GBP fell 0.37% to 0.8449.

The US Dollar Index Futures was down 0.06% at 96.000.

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