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Germany stocks higher at close of trade; DAX up 1.61%

Published 04/22/2020, 01:15 PM
Updated 04/22/2020, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.61%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Food & Beverages, Technology and Construction sectors led shares higher.

At the close in Frankfurt, the DAX gained 1.61%, while the MDAX index gained 1.49%, and the TecDAX index gained 2.38%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 6.06% or 0.918 points to trade at 16.073 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 3.66% or 0.860 points to end at 24.380 and Fresenius SE & Co KGAA O.N. (DE:FREG) was up 3.37% or 1.225 points to 37.575 in late trade.

The worst performers of the session were Adidas AG (DE:ADSGN), which fell 1.80% or 3.80 points to trade at 207.50 at the close. Deutsche Lufthansa AG (DE:LHAG) declined 1.75% or 0.140 points to end at 7.850 and Beiersdorf AG O.N. (DE:BEIG) was down 0.31% or 0.300 points to 95.690.

The top performers on the MDAX were TeamViewer AG (DE:TMV) which rose 7.67% to 42.17, Siltronic AG (DE:WAFGn) which was up 6.86% to settle at 76.320 and Metro Wholesale & Food Specialist AG (DE:B4B) which gained 4.38% to close at 7.8720.

The worst performers were Fraport AG (DE:FRAG) which was down 2.88% to 37.110 in late trade, Sartorius AG VZO O.N. (DE:SATG_p) which lost 2.18% to settle at 251.800 and Duerr AG (DE:DUEG) which was down 2.01% to 19.030 at the close.

The top performers on the TecDAX were TeamViewer AG (DE:TMV) which rose 7.67% to 42.17, Aixtron SE (DE:AIXGn) which was up 6.88% to settle at 9.288 and Siltronic AG (DE:WAFGn) which gained 6.86% to close at 76.320.

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The worst performers were Sartorius AG VZO O.N. (DE:SATG_p) which was down 2.18% to 251.800 in late trade, Morphosys AG O.N. (DE:MORG) which lost 0.71% to settle at 94.510 and Varta AG (DE:VAR1) which was down 0.07% to 71.750 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 486 to 185 and 73 ended unchanged.

Shares in Deutsche Lufthansa AG (DE:LHAG) fell to 5-year lows; down 1.75% or 0.140 to 7.850. Shares in TeamViewer AG (DE:TMV) rose to all time highs; up 7.67% or 3.00 to 42.17. Shares in TeamViewer AG (DE:TMV) rose to all time highs; up 7.67% or 3.00 to 42.17.

The DAX volatility index, which measures the implied volatility of DAX options, was down 8.96% to 45.70.

Gold Futures for June delivery was up 2.95% or 49.75 to $1737.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 27.57% or 3.19 to hit $14.76 a barrel, while the June Brent oil contract rose 8.07% or 1.56 to trade at $20.89 a barrel.

EUR/USD was down 0.39% to 1.0814, while EUR/GBP fell 0.55% to 0.8780.

The US Dollar Index Futures was up 0.17% at 100.540.

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