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Germany stocks higher at close of trade; DAX up 1.39%

Published 09/11/2017, 12:15 PM
Updated 09/11/2017, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.39%

Investing.com – Germany stocks were higher after the close on Monday, as gains in the Insurance, Food & Beverages and Transportation & Logistics sectors led shares higher.

At the close in Frankfurt, the DAX rose 1.39% to hit a new 1-month high, while the MDAX index gained 1.31%, and the TecDAX index climbed 1.46%.

The best performers of the session on the DAX were Muench. Rueckvers. VNA O.N. (DE:MUVGn), which rose 4.07% or 6.90 points to trade at 176.40 at the close. Meanwhile, Commerzbank AG O.N. (DE:CBKG) added 3.24% or 0.330 points to end at 10.500 and Deutsche Bank AG NA O.N. (DE:DBKGn) was up 2.77% or 0.370 points to 13.710 in late trade.

The worst performers of the session were Daimler AG NA O.N. (DE:DAIGn), which fell 0.28% or 0.180 points to trade at 64.650 at the close. Merck KGaA (DE:MRCG) added 0.18% or 0.17 points to end at 96.00 and Prosiebensat 1 Media AG (DE:PSMGn) was up 0.27% or 0.075 points to 27.790.

The top performers on the MDAX were Hannover Rueck SE (DE:HNRGn) which rose 5.38% to 101.85, Talanx AG NA O.N. (DE:TLXGn) which was up 3.14% to settle at 34.370 and Rheinmetall AG (DE:RHMG) which gained 3.04% to close at 92.790.

The worst performers were Fielmann AG (DE:FIEG) which was down 0.99% to 72.350 in late trade, Steinhoff International Holdings NV (DE:SNHG) which lost 0.78% to settle at 4.19 and Schaeffler AG Pref (DE:SHA_p) which was down 0.12% to 12.31 at the close.

The top performers on the TecDAX were Aixtron SE (DE:AIXGn) which rose 11.65% to 10.830, S&T AG (F:SANT1) which was up 7.94% to settle at 18.250 and Adva Optical Networking SE (DE:ADAG) which gained 4.15% to close at 5.374.

The worst performers were SMA Solar Technology AG (DE:S92G) which was down 2.04% to 35.610 in late trade, Nordex SE O.N. (DE:NDXG) which lost 1.39% to settle at 9.509 and Pfeiffer Vacuum Technology O.N. (DE:PV) which was down 0.85% to 133.95 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 583 to 176 and 32 ended unchanged.

Shares in Rheinmetall AG (DE:RHMG) rose to all time highs; gaining 3.04% or 2.740 to 92.790. Shares in Aixtron SE (DE:AIXGn) rose to 52-week highs; gaining 11.65% or 1.130 to 10.830. Shares in S&T AG (F:SANT1) rose to 5-year highs; rising 7.94% or 1.342 to 18.250. Shares in Nordex SE O.N. (DE:NDXG) fell to 3-years lows; falling 1.39% or 0.134 to 9.509.

The DAX volatility index, which measures the implied volatility of DAX options, was down 10.06% to 13.75 a new 1-month low.

Gold Futures for December delivery was down 1.05% or 14.21 to $1336.99 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.35% or 0.64 to hit $48.12 a barrel, while the November Brent oil contract fell 0.15% or 0.08 to trade at $53.70 a barrel.

EUR/USD was down 0.64% to 1.1959, while EUR/GBP fell 0.45% to 0.9080.

The US Dollar Index Futures was up 0.60% at 91.86.

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