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Germany stocks higher at close of trade; DAX up 1.19%

Stock Markets Mar 04, 2020 01:15PM ET
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© Reuters. Germany stocks higher at close of trade; DAX up 1.19%

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

At the close in Frankfurt, the DAX rose 1.19%, while the MDAX index gained 0.75%, and the TecDAX index added 0.28%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 4.64% or 2.34 points to trade at 52.76 at the close. Meanwhile, Bayer AG NA (DE:BAYGN) added 4.35% or 2.79 points to end at 66.99 and E.ON SE NA (DE:EONGn) was up 3.70% or 0.400 points to 11.212 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 2.51% or 3.050 points to trade at 118.500 at the close. Continental AG O.N. (DE:CONG) declined 2.21% or 2.18 points to end at 96.26 and SAP SE (DE:SAPG) was down 1.28% or 1.440 points to 111.500.

The top performers on the MDAX were Evonik Industries AG (DE:EVKn) which rose 5.96% to 24.010, Brenntag AG (DE:BNRGn) which was up 5.49% to settle at 43.250 and LEG Immobilien AG (DE:LEGn) which gained 3.46% to close at 115.250.

The worst performers were Duerr AG (DE:DUEG) which was down 4.19% to 25.410 in late trade, Thyssenkrupp AG O.N. (DE:TKAG) which lost 3.61% to settle at 7.856 and Siltronic AG (DE:WAFGn) which was down 3.54% to 82.320 at the close.

The top performers on the TecDAX were Drillisch AG (DE:DRIG) which rose 5.08% to 20.280, Freenet AG NA (DE:FNTGn) which was up 2.65% to settle at 18.430 and Evotec AG O.N. (DE:EVTG) which gained 2.50% to close at 23.350.

The worst performers were Siltronic AG (DE:WAFGn) which was down 3.54% to 82.320 in late trade, S&T AG (DE:SANT1) which lost 3.16% to settle at 20.20 and Wirecard AG (DE:WDIG) which was down 2.51% to 118.500 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 377 to 322 and 47 ended unchanged.

Shares in Continental AG O.N. (DE:CONG) fell to 5-year lows; down 2.21% or 2.18 to 96.26. Shares in Thyssenkrupp AG O.N. (DE:TKAG) fell to all time lows; falling 3.61% or 0.294 to 7.856.

The DAX volatility index, which measures the implied volatility of DAX options, was down 8.65% to 29.79.

Gold Futures for April delivery was down 0.03% or 0.50 to $1643.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.57% or 0.27 to hit $47.45 a barrel, while the May Brent oil contract fell 0.12% or 0.06 to trade at $51.80 a barrel.

EUR/USD was down 0.40% to 1.1126, while EUR/GBP fell 0.72% to 0.8656.

The US Dollar Index Futures was up 0.29% at 97.400.

Germany stocks higher at close of trade; DAX up 1.19%
 

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