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Germany stocks higher at close of trade; DAX up 1.06%

Stock Markets May 28, 2020 01:15PM ET
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© Reuters. Germany stocks higher at close of trade; DAX up 1.06%
 
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Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Retail, Chemicals and Financial Services sectors led shares higher.

At the close in Frankfurt, the DAX added 1.06% to hit a new 1-month high, while the MDAX index climbed 1.91%, and the TecDAX index gained 2.04%.

The best performers of the session on the DAX were Wirecard AG (DE:WDIG), which rose 5.65% or 5.025 points to trade at 94.030 at the close. Meanwhile, Deutsche Lufthansa AG (DE:LHAG) added 5.42% or 0.502 points to end at 9.770 and Merck KGaA (DE:MRCG) was up 4.79% or 4.84 points to 105.92 in late trade.

The worst performers of the session were Volkswagen AG VZO O.N. (DE:VOWG_p), which fell 1.96% or 2.76 points to trade at 138.00 at the close. Daimler AG NA O.N. (DE:DAIGn) declined 1.56% or 0.555 points to end at 35.070 and Allianz SE VNA O.N. (DE:ALVG) was down 1.06% or 1.79 points to 166.97.

The top performers on the MDAX were Nemetschek AG O.N. (DE:NEKG) which rose 7.87% to 69.200, Kion Group AG (DE:KGX) which was up 5.34% to settle at 51.92 and Delivery Hero AG (DE:DHER) which gained 4.83% to close at 85.96.

The worst performers were Hella KGaA Hueck & Co (DE:HLE) which was down 3.65% to 35.94 in late trade, Rheinmetall AG (DE:RHMG) which lost 1.92% to settle at 73.380 and United Internet AG NA (DE:UTDI) which was down 1.91% to 36.880 at the close.

The top performers on the TecDAX were Nemetschek AG O.N. (DE:NEKG) which rose 7.87% to 69.200, Wirecard AG (DE:WDIG) which was up 5.65% to settle at 94.030 and Carl Zeiss Meditec AG (DE:AFXG) which gained 4.75% to close at 91.450.

The worst performers were United Internet AG NA (DE:UTDI) which was down 1.91% to 36.880 in late trade, Freenet AG NA (DE:FNTGn) which lost 1.25% to settle at 16.098 and Aixtron SE (DE:AIXGn) which was down 1.00% to 9.516 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 465 to 226 and 51 ended unchanged.

Shares in Nemetschek AG O.N. (DE:NEKG) rose to 52-week highs; gaining 7.87% or 5.050 to 69.200. Shares in Nemetschek AG O.N. (DE:NEKG) rose to 52-week highs; up 7.87% or 5.050 to 69.200.

The DAX volatility index, which measures the implied volatility of DAX options, was down 0.41% to 31.82.

Gold Futures for June delivery was up 0.39% or 6.60 to $1717.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 3.84% or 1.26 to hit $34.07 a barrel, while the August Brent oil contract rose 5.43% or 1.88 to trade at $36.48 a barrel.

EUR/USD was up 0.79% to 1.1090, while EUR/GBP rose 0.08% to 0.8986.

The US Dollar Index Futures was down 0.70% at 98.362.

Germany stocks higher at close of trade; DAX up 1.06%
 

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