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Germany stocks higher at close of trade; DAX up 1.26%

Published 09/27/2024, 12:05 PM
Updated 09/27/2024, 12:08 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.26%
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Investing.com – Germany stocks were higher after the close on Friday, as gains in the Technology, Chemicals and Pharmaceuticals & Healthcare sectors led shares higher.

At the close in Frankfurt, the DAX added 1.26% to hit a new all time high, while the MDAX index climbed 1.57%, and the TecDAX index gained 2.31%.

The best performers of the session on the DAX were Brenntag AG (ETR:BNRGn), which rose 6.94% or 4.40 points to trade at 67.78 at the close. Meanwhile, Infineon Technologies AG NA O.N. (ETR:IFXGn) added 6.72% or 2.06 points to end at 32.69 and BASF SE NA O.N. (ETR:BASFN) was up 6.59% or 2.98 points to 48.28 in late trade.

The worst performers of the session were Heidelberg Materials AG (ETR:HEIG), which fell 1.64% or 1.65 points to trade at 98.90 at the close. Siemens Energy AG (ETR:ENR1n) declined 1.35% or 0.45 points to end at 32.90 and MTU Aero Engines NA O.N. (ETR:MTXGn) was down 1.23% or 3.50 points to 281.10.

The top performers on the MDAX were Wacker Chemie O.N. (ETR:WCHG) which rose 8.47% to 88.62, Carl Zeiss Meditec AG (ETR:AFXG) which was up 7.51% to settle at 70.85 and Kion Group AG (ETR:KGX) which gained 5.66% to close at 36.94.

The worst performers were United Internet AG NA (ETR:UTDI) which was down 3.14% to 18.53 in late trade, GEA Group AG (ETR:G1AG) which lost 1.12% to settle at 44.30 and Aurubis AG (ETR:NAFG) which was down 1.06% to 65.30 at the close.

The top performers on the TecDAX were Nagarro SE (ETR:NA9n) which rose 10.80% to 88.25, Carl Zeiss Meditec AG (ETR:AFXG) which was up 7.51% to settle at 70.85 and Infineon Technologies AG NA O.N. (ETR:IFXGn) which gained 6.72% to close at 32.69.

The worst performers were United Internet AG NA (ETR:UTDI) which was down 3.14% to 18.53 in late trade, SUSS MicroTec SE (ETR:SMHNn) which lost 1.63% to settle at 66.50 and Aixtron SE (ETR:AIXGn) which was down 0.71% to 15.99 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 415 to 231 and 34 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 1.50% to 15.17.

Gold Futures for December delivery was down 0.88% or 23.75 to $2,671.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.74% or 0.50 to hit $68.17 a barrel, while the December Brent oil contract rose 0.58% or 0.41 to trade at $71.50 a barrel.

EUR/USD was unchanged 0.15% to 1.12, while EUR/GBP unchanged 0.01% to 0.83.

The US Dollar Index Futures was down 0.06% at 100.18.

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