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Germany stocks higher at close of trade; DAX up 0.20%

Published 03/24/2017, 01:15 PM
Updated 03/24/2017, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.20%

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

At the close in Frankfurt, the DAX gained 0.20%, while the MDAX index gained 0.47%, and the TecDAX index climbed 1.17%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 9.35% or 1.600 points to trade at 18.705 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 1.71% or 0.255 points to end at 15.170 and Merck KGaA (DE:MRCG) was up 1.66% or 1.70 points to 103.85 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 1.43% or 0.225 points to trade at 15.535 at the close. Allianz SE VNA O.N. (DE:ALVG) declined 1.02% or 1.75 points to end at 169.55 and Heidelbergcement AG O.N. (DE:HEIG) was down 0.84% or 0.7400 points to 87.3900.

The top performers on the MDAX were Leoni AG (DE:LEOGn) which rose 7.39% to 47.055, CTS Eventim AG (DE:EVDG) which was up 4.67% to settle at 35.955 and Rheinmetall AG (DE:RHMG) which gained 4.04% to close at 76.000.

The worst performers were Wacker Chemie O.N. (DE:WCHG) which was down 2.42% to 98.60 in late trade, Salzgitter AG (DE:SZGG) which lost 1.58% to settle at 33.390 and K+S AG NA O.N. (DE:SDFGn) which was down 1.35% to 21.185 at the close.

The top performers on the TecDAX were United Internet AG NA (DE:UTDI) which rose 5.88% to 41.400, Pfeiffer Vacuum Technology O.N. (DE:PV) which was up 3.66% to settle at 113.20 and Dialog Semiconductor (DE:DLGS) which gained 3.11% to close at 50.520.

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The worst performers were Nordex SE O.N. (DE:NDXG) which was down 2.22% to 13.020 in late trade, Slm Solution G (DE:AM3D) which lost 2.06% to settle at 37.27 and RIB Software AG Na (DE:RIB) which was down 1.52% to 12.005 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 372 to 355 and 20 ended unchanged.

Shares in Infineon Technologies AG NA O.N. (DE:IFXGn) rose to all time highs; up 9.35% or 1.600 to 18.705. Shares in Leoni AG (DE:LEOGn) rose to 52-week highs; up 7.39% or 3.240 to 47.055. Shares in CTS Eventim AG (DE:EVDG) rose to 52-week highs; gaining 4.67% or 1.605 to 35.955. Shares in Rheinmetall AG (DE:RHMG) rose to all time highs; rising 4.04% or 2.950 to 76.000. Shares in Pfeiffer Vacuum Technology O.N. (DE:PV) rose to 52-week highs; rising 3.66% or 4.00 to 113.20.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.53% to 14.85.

Gold Futures for April delivery was up 0.09% or 1.15 to $1248.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.13% or 0.06 to hit $47.76 a barrel, while the May Brent oil contract fell 0.06% or 0.03 to trade at $50.53 a barrel.

EUR/USD was up 0.25% to 1.0810, while EUR/GBP rose 0.46% to 0.8652.

The US Dollar Index Futures was down 0.13% at 99.43.

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