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Germany stocks higher at close of trade; DAX up 1.58%

Published 10/24/2022, 01:15 PM
Updated 10/24/2022, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.58%

Investing.com – Germany stocks were higher after the close on Monday, as gains in the Utilities, Industrials and Technology sectors led shares higher.

At the close in Frankfurt, the DAX gained 1.58% to hit a new 1-month high, while the MDAX index added 1.41%, and the TecDAX index added 1.30%.

The best performers of the session on the DAX were RWE AG ST O.N. (ETR:RWEG), which rose 4.01% or 1.48 points to trade at 38.38 at the close. Meanwhile, E.ON SE (ETR:EONGn) added 3.26% or 0.26 points to end at 8.17 and Siemens AG Class N (ETR:SIEGn) was up 2.81% or 3.00 points to 109.84 in late trade.

The worst performers of the session were Covestro AG (ETR:1COV), which fell 0.67% or 0.24 points to trade at 35.70 at the close. Porsche Automobil Holding SE (ETR:PSHG_p) declined 0.49% or 0.28 points to end at 57.24 and Zalando SE (ETR:ZALG) was down 0.35% or 0.08 points to 22.62.

The top performers on the MDAX were Wacker Chemie O.N. (ETR:WCHG) which rose 3.39% to 117.40, LEG Immobilien AG (ETR:LEGn) which was up 3.26% to settle at 62.64 and Carl Zeiss Meditec AG (ETR:AFXG) which gained 2.98% to close at 117.50.

The worst performers were Aurubis AG (ETR:NAFG) which was down 1.02% to 60.26 in late trade, Delivery Hero AG (ETR:DHER) which lost 0.61% to settle at 34.05 and Lanxess AG (ETR:LXSG) which was down 0.52% to 34.42 at the close.

The top performers on the TecDAX were CompuGroup Medical AG O.N. (ETR:COP1n) which rose 3.47% to 36.40, Nagarro SE (ETR:NA9n) which was up 3.01% to settle at 102.80 and Carl Zeiss Meditec AG (ETR:AFXG) which gained 2.98% to close at 117.50.

The worst performers were Morphosys AG O.N. (ETR:MORG) which was down 7.92% to 19.83 in late trade, SMA Solar Technology AG (ETR:S92G) which lost 1.71% to settle at 40.20 and Suse SA (ETR:SUSEG) which was down 0.12% to 16.85 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 487 to 187 and 75 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.36% to 28.20.

Gold Futures for December delivery was down 0.11% or 1.90 to $1,654.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.65% or 0.55 to hit $84.50 a barrel, while the January Brent oil contract fell 0.25% or 0.23 to trade at $91.11 a barrel.

EUR/USD was unchanged 0.12% to 0.99, while EUR/GBP unchanged 0.34% to 0.88.

The US Dollar Index Futures was down 0.03% at 111.95.

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