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Germany stocks higher at close of trade; DAX up 0.44%

Published 03/30/2017, 12:15 PM
Updated 03/30/2017, 12:15 PM
Germany stocks higher at close of trade; DAX up 0.44%

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

At the close in Frankfurt, the DAX gained 0.44% to hit a new 52-week high, while the MDAX index gained 0.59%, and the TecDAX index gained 0.47%.

The best performers of the session on the DAX were Deutsche Boerse AG Z.UMT. (DE:DB11), which rose 1.80% or 1.51 points to trade at 85.37 at the close. Meanwhile, Continental AG O.N. (DE:CONG) added 1.60% or 3.25 points to end at 206.30 and Merck KGaA (DE:MRCG) was up 1.58% or 1.65 points to 105.90 in late trade.

The worst performers of the session were Daimler AG NA O.N. (DE:DAIGn), which fell 4.19% or 3.030 points to trade at 69.330 at the close. Commerzbank AG O.N. (DE:CBKG) declined 1.32% or 0.114 points to end at 8.537 and Deutsche Bank AG NA O.N. (DE:DBKGn) was down 0.80% or 0.130 points to 16.035.

The top performers on the MDAX were Deutsche Pfandbriefbank AG (DE:PBBG) which rose 2.69% to 11.64, Salzgitter AG (DE:SZGG) which was up 2.53% to settle at 34.230 and Aurubis AG (DE:NAFG) which gained 2.33% to close at 60.530.

The worst performers were Deutsche Wohnen AG Inh (DE:DWNG) which was down 1.59% to 30.550 in late trade, LEG Immobilien AG (DE:LEGn) which lost 1.13% to settle at 75.550 and STADA Arzneimittel VNA O.N. (DE:STAGn) which was down 1.03% to 56.640 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (DE:MORG) which rose 2.49% to 55.550, Medigene NA O.N. (DE:MDG1k) which was up 2.26% to settle at 11.300 and Qiagen NV (DE:QGEN) which gained 1.90% to close at 27.140.

The worst performers were STRATEC Biomedical AG (DE:SBSG) which was down 2.22% to 55.820 in late trade, United Internet AG NA (DE:UTDI) which lost 0.95% to settle at 41.900 and SMA Solar Technology AG (DE:S92G) which was down 0.85% to 23.920 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 466 to 275 and 25 ended unchanged.

Shares in Continental AG O.N. (DE:CONG) rose to 52-week highs; up 1.60% or 3.25 to 206.30. Shares in Merck KGaA (DE:MRCG) rose to 52-week highs; up 1.58% or 1.65 to 105.90. Shares in Deutsche Pfandbriefbank AG (DE:PBBG) rose to 52-week highs; up 2.69% or 0.30 to 11.64. Shares in Aurubis AG (DE:NAFG) rose to 52-week highs; gaining 2.33% or 1.380 to 60.530.

The DAX volatility index, which measures the implied volatility of DAX options, was up 0.19% to 14.81.

Gold Futures for April delivery was down 0.51% or 6.45 to $1247.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.37% or 0.68 to hit $50.19 a barrel, while the June Brent oil contract rose 0.84% or 0.44 to trade at $52.98 a barrel.

EUR/USD was down 0.38% to 1.0724, while EUR/GBP fell 0.85% to 0.8585.

The US Dollar Index Futures was up 0.24% at 100.02.

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