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Germany stocks higher at close of trade; DAX up 2.16%

Published 02/02/2023, 01:15 PM
Updated 02/02/2023, 01:15 PM
© Reuters Germany stocks higher at close of trade; DAX up 2.16%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Technology, Retail and Financial Services sectors led shares higher.

At the close in Frankfurt, the DAX rose 2.16% to hit a new 6-months high, while the MDAX index climbed 3.32%, and the TecDAX index gained 4.42%.

The best performers of the session on the DAX were Siemens Healthineers AG (ETR:SHLG), which rose 8.94% or 4.40 points to trade at 53.62 at the close. Meanwhile, Vonovia SE (ETR:VNAn) added 8.59% or 2.23 points to end at 28.19 and Dr Ing hc F Porsche AG Preferred (ETR:P911_p) was up 8.13% or 8.90 points to 118.40 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (ETR:DBKGn), which fell 6.48% or 0.79 points to trade at 11.46 at the close. Munich Reinsurance (ETR:MUVGn) declined 0.55% or 1.80 points to end at 324.90 and Henkel & Co KGaA AG Pref (ETR:HNKG_p) was down 0.34% or 0.22 points to 65.06.

The top performers on the MDAX were Aroundtown Property Holdings PLC (ETR:AT1) which rose 13.77% to 2.90, Nemetschek AG O.N. (ETR:NEKG) which was up 13.25% to settle at 55.74 and HelloFresh SE (ETR:HFGG) which gained 10.48% to close at 23.50.

The worst performers were Commerzbank AG O.N. (ETR:CBKG) which was down 4.41% to 10.07 in late trade, Stabilus (ETR:STM1) which lost 2.55% to settle at 61.20 and Verbio Vereinigte Bioenergie AG (ETR:VBKG) which was down 1.76% to 55.95 at the close.

The top performers on the TecDAX were Nemetschek AG O.N. (ETR:NEKG) which rose 13.25% to 55.74, Siemens Healthineers AG (ETR:SHLG) which was up 8.94% to settle at 53.62 and Evotec AG O.N. (ETR:EVTG) which gained 8.36% to close at 19.37.

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The worst performers were Verbio Vereinigte Bioenergie AG (ETR:VBKG) which was down 1.76% to 55.95 in late trade, Software AG (ETR:SOWGn) which lost 0.92% to settle at 21.60 and CompuGroup Medical AG O.N. (ETR:COP1n) which was down 0.22% to 44.60 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 496 to 186 and 78 ended unchanged.

Shares in Dr Ing hc F Porsche AG Preferred (ETR:P911_p) rose to all time highs; gaining 8.13% or 8.90 to 118.40.

The DAX volatility index, which measures the implied volatility of DAX options, was down 9.89% to 16.68 a new 52-week low.

Gold Futures for April delivery was down 0.75% or 14.65 to $1,928.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.58% or 0.44 to hit $76.85 a barrel, while the April Brent oil contract rose 0.39% or 0.32 to trade at $83.16 a barrel.

EUR/USD was down 0.68% to 1.09, while EUR/GBP unchanged 0.43% to 0.89.

The US Dollar Index Futures was up 0.47% at 101.50.

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