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Germany stocks higher at close of trade; DAX up 1.95%

Published 11/05/2020, 11:15 AM
Updated 11/05/2020, 11:15 AM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.95%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Chemicals, Technology and Transportation & Logistics sectors led shares higher.

At the close in Frankfurt, the DAX rose 1.95%, while the MDAX index gained 1.10%, and the TecDAX index gained 2.05%.

The best performers of the session on the DAX were Delivery Hero AG (DE:DHER), which rose 6.92% or 7.35 points to trade at 113.60 at the close. Meanwhile, Linde PLC (DE:LINI) added 5.59% or 11.300 points to end at 213.300 and Infineon Technologies AG NA O.N. (DE:IFXGn) was up 3.50% or 0.895 points to 26.435 in late trade.

The worst performers of the session were Muench. Rueckvers. VNA O.N. (DE:MUVGn), which fell 2.84% or 6.10 points to trade at 208.90 at the close. Vonovia SE (DE:VNAn) declined 0.71% or 0.42 points to end at 58.88 and Deutsche Bank AG NA O.N. (DE:DBKGn) was down 0.27% or 0.023 points to 8.535.

The top performers on the MDAX were Prosiebensat 1 Media AG (DE:PSMGn) which rose 9.47% to 10.9250, CompuGroup Medical AG O.N. (DE:COP1n) which was up 6.42% to settle at 82.000 and RTL Group SA (DE:RRTL) which gained 5.77% to close at 35.900.

The worst performers were GEA Group AG (DE:G1AG) which was down 5.63% to 28.740 in late trade, Commerzbank AG O.N. (DE:CBKG) which lost 5.26% to settle at 4.037 and Stroeer SE (DE:SAXG) which was down 2.64% to 60.950 at the close.

The top performers on the TecDAX were LPKF Laser & Electronics (DE:LPKG) which rose 7.02% to 18.600, CompuGroup Medical AG O.N. (DE:COP1n) which was up 6.42% to settle at 82.000 and S&T AG (DE:SANT1) which gained 6.50% to close at 18.36.

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The worst performers were Morphosys AG O.N. (DE:MORG) which was down 1.68% to 96.370 in late trade, Drillisch AG (DE:DRIG) which lost 0.94% to settle at 18.500 and Qiagen NV (DE:QIA) which was up 0.13% to 43.290 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 470 to 210 and 22 ended unchanged.

Shares in Delivery Hero AG (DE:DHER) rose to all time highs; rising 6.92% or 7.35 to 113.60. Shares in CompuGroup Medical AG O.N. (DE:COP1n) rose to all time highs; rising 6.42% or 4.950 to 82.000. Shares in CompuGroup Medical AG O.N. (DE:COP1n) rose to all time highs; rising 6.42% or 4.950 to 82.000.

The DAX volatility index, which measures the implied volatility of DAX options, was down 5.34% to 28.21.

Gold Futures for December delivery was up 2.90% or 54.95 to $1951.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 1.10% or 0.43 to hit $38.72 a barrel, while the January Brent oil contract fell 0.95% or 0.39 to trade at $40.84 a barrel.

EUR/USD was up 0.81% to 1.1817, while EUR/GBP fell 0.03% to 0.9022.

The US Dollar Index Futures was down 0.75% at 92.707.

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