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Germany stocks higher at close of trade; DAX up 0.10%

Published 03/17/2017, 01:15 PM
Updated 03/17/2017, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.10%

© Reuters. Germany stocks higher at close of trade; DAX up 0.10%

Investing.com – Germany stocks were higher after the close on Friday, as gains in the Basic Resources, Utilities and Food & Beverages sectors led shares higher.

At the close in Frankfurt, the DAX added 0.10% to hit a new 52-week high, while the MDAX index gained 0.11%, and the TecDAX index gained 0.52%.

The best performers of the session on the DAX were E.ON SE NA (DE:EONGn), which rose 3.62% or 0.247 points to trade at 7.078 at the close. Meanwhile, Linde AG O.N. (DE:LING) added 1.78% or 2.70 points to end at 154.45 and Commerzbank AG O.N. (DE:CBKG) was up 1.60% or 0.135 points to 8.550 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 1.49% or 0.270 points to trade at 17.860 at the close. Volkswagen AG VZO O.N. (DE:VOWG_p) declined 1.18% or 1.65 points to end at 138.60 and Bayerische Motoren Werke AG (DE:BMWG) was down 0.94% or 0.790 points to 82.890.

The top performers on the MDAX were Fraport AG (DE:FRAG) which rose 4.80% to 63.350, GEA Group AG (DE:G1AG) which was up 2.68% to settle at 38.905 and Salzgitter AG (DE:SZGG) which gained 2.40% to close at 36.285.

The worst performers were Lanxess AG (DE:LXSG) which was down 1.46% to 64.770 in late trade, Norma Group AG NA O.N. (DE:NOEJ) which lost 1.31% to settle at 40.835 and STADA Arzneimittel VNA O.N. (DE:STAGn) which was down 1.25% to 56.130 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 5.33% to 14.120, Siltronic AG (DE:WAFGn) which was up 2.62% to settle at 55.920 and S&T AG (F:SANT1) which gained 2.44% to close at 10.779.

The worst performers were STRATEC Biomedical AG (DE:SBSG) which was down 3.09% to 52.320 in late trade, SMA Solar Technology AG (DE:S92G) which lost 2.98% to settle at 25.240 and Adva Optical Networking SE (DE:ADAG) which was down 1.98% to 10.405 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 387 to 344 and 26 ended unchanged.

Shares in Commerzbank AG O.N. (DE:CBKG) rose to 52-week highs; rising 1.60% or 0.135 to 8.550. Shares in Fraport AG (DE:FRAG) rose to 5-year highs; gaining 4.80% or 2.900 to 63.350.

The DAX volatility index, which measures the implied volatility of DAX options, was down 5.74% to 11.03 a new 52-week low.

Gold Futures for April delivery was up 0.14% or 1.75 to $1228.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.02% or 0.01 to hit $48.76 a barrel, while the May Brent oil contract unchanged 0.00% or 0.00 to trade at $51.74 a barrel.

EUR/USD was down 0.18% to 1.0747, while EUR/GBP fell 0.40% to 0.8676.

The US Dollar Index Futures was unchanged 0.00% at 100.09.

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