Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Germany stocks higher at close of trade; DAX up 1.57%

Published 03/16/2023, 02:15 PM
Updated 03/16/2023, 02:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.57%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Software, Utilities and Media sectors led shares higher.

At the close in Frankfurt, the DAX rose 1.57%, while the MDAX index climbed 0.94%, and the TecDAX index climbed 2.12%.

The best performers of the session on the DAX were Siemens Energy AG (ETR:ENR1n), which rose 5.10% or 0.93 points to trade at 19.16 at the close. Meanwhile, E.ON SE (ETR:EONGn) added 4.48% or 0.47 points to end at 10.85 and Deutsche Boerse AG (ETR:DB1Gn) was up 4.24% or 7.00 points to 171.95 in late trade.

The worst performers of the session were Vonovia SE (ETR:VNAn), which fell 4.42% or 0.89 points to trade at 19.23 at the close. Deutsche Bank AG NA O.N. (ETR:DBKGn) declined 1.29% or 0.12 points to end at 9.48 and Continental AG O.N. (ETR:CONG) was down 0.90% or 0.60 points to 66.24.

The top performers on the MDAX were Evotec AG O.N. (ETR:EVTG) which rose 6.69% to 18.33, Talanx AG NA O.N. (ETR:TLXGn) which was up 3.51% to settle at 41.30 and Software AG (ETR:SOWGn) which gained 3.49% to close at 19.87.

The worst performers were Aroundtown Property Holdings PLC (ETR:AT1) which was down 10.21% to 2.04 in late trade, Tag Immobilien AG (ETR:TEGG) which lost 4.51% to settle at 6.57 and HelloFresh SE (ETR:HFGG) which was down 3.80% to 16.84 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (ETR:MORG) which rose 7.37% to 14.64, Evotec AG O.N. (ETR:EVTG) which was up 6.69% to settle at 18.33 and CompuGroup Medical AG O.N. (ETR:COP1n) which gained 4.45% to close at 46.02.

The worst performers were Varta AG (ETR:VAR1) which was down 1.52% to 28.42 in late trade, Hensoldt Ag (ETR:HAGG) which unchanged 0.00% to settle at 34.00 and Deutsche Telekom AG Na (ETR:DTEGn) which was up 0.30% to 21.74 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 458 to 222 and 76 ended unchanged.

Shares in E.ON SE (ETR:EONGn) rose to 52-week highs; up 4.48% or 0.47 to 10.85. Shares in HelloFresh SE (ETR:HFGG) fell to 3-years lows; falling 3.80% or 0.67 to 16.84. Shares in Deutsche Telekom AG Na (ETR:DTEGn) rose to all time highs; up 0.30% or 0.07 to 21.74.

The DAX volatility index, which measures the implied volatility of DAX options, was down 13.64% to 24.94.

Gold Futures for April delivery was down 0.40% or 7.75 to $1,923.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.06% or 0.72 to hit $68.33 a barrel, while the May Brent oil contract rose 1.28% or 0.94 to trade at $74.63 a barrel.

EUR/USD was unchanged 0.27% to 1.06, while EUR/GBP unchanged 0.10% to 0.88.

The US Dollar Index Futures was down 0.11% at 104.16.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.