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Germany stocks higher at close of trade; DAX up 1.09%

Published 03/07/2018, 12:15 PM
Updated 03/07/2018, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.09%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Basic Resources, Software and Pharmaceuticals & Healthcare sectors led shares higher.

At the close in Frankfurt, the DAX added 1.09%, while the MDAX index added 0.39%, and the TecDAX index climbed 1.08%.

The best performers of the session on the DAX were Deutsche Lufthansa AG (DE:LHAG), which rose 3.70% or 0.990 points to trade at 27.750 at the close. Meanwhile, Fresenius SE & Co KGAA O.N. (DE:FREG) added 3.21% or 2.020 points to end at 65.000 and Vonovia SE (DE:VNAn) was up 2.79% or 1.04 points to 38.38 in late trade.

The worst performers of the session were Prosiebensat 1 Media AG (DE:PSMGn), which fell 6.12% or 1.840 points to trade at 28.210 at the close. Volkswagen AG VZO O.N. (DE:VOWG_p) declined 0.64% or 1.00 points to end at 156.00 and Deutsche Telekom AG Na (DE:DTEGn) was down 0.30% or 0.040 points to 13.160.

The top performers on the MDAX were Zalando SE (DE:ZALG) which rose 3.26% to 45.90, Salzgitter AG (DE:SZGG) which was up 2.77% to settle at 45.580 and Krones AG O.N. (DE:KRNG) which gained 2.36% to close at 108.300.

The worst performers were Metro AG (DE:MEOG) which was down 7.33% to 10.050 in late trade, Jungheinrich AG O.N.VZO (DE:JUNG_p) which lost 4.43% to settle at 36.660 and Steinhoff International Holdings NV (DE:SNHG) which was down 3.56% to 0.29 at the close.

The top performers on the TecDAX were RIB Software AG Na (DE:RIB) which rose 8.01% to 33.700, Sartorius AG VZO O.N. (DE:SATG_p) which was up 4.67% to settle at 114.400 and Aixtron SE (DE:AIXGn) which gained 3.65% to close at 16.315.

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The worst performers were Pfeiffer Vacuum Technology O.N. (DE:PV) which was down 5.61% to 137.15 in late trade, Nordex SE O.N. (DE:NDXG) which lost 2.06% to settle at 9.120 and Evotec AG O.N. (DE:EVTG) which was down 1.77% to 14.150 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 422 to 303 and 73 ended unchanged.

Shares in Steinhoff International Holdings NV (DE:SNHG) fell to all time lows; losing 3.56% or 0.01 to 0.29. Shares in RIB Software AG Na (DE:RIB) rose to all time highs; gaining 8.01% or 2.500 to 33.700. Shares in Sartorius AG VZO O.N. (DE:SATG_p) rose to 52-week highs; gaining 4.67% or 5.100 to 114.400.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.38% to 19.64.

Gold Futures for April delivery was down 0.63% or 8.40 to $1326.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 2.81% or 1.76 to hit $60.84 a barrel, while the May Brent oil contract fell 2.48% or 1.63 to trade at $64.16 a barrel.

EUR/USD was down 0.07% to 1.2395, while EUR/GBP fell 0.01% to 0.8931.

The US Dollar Index Futures was up 0.15% at 89.69.

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