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Germany stocks higher at close of trade; DAX up 0.47%

Published 05/12/2017, 12:15 PM
Updated 05/12/2017, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.47%

© Reuters. Germany stocks higher at close of trade; DAX up 0.47%

Investing.com – Germany stocks were higher after the close on Friday, as gains in the Telecoms, Software and Pharmaceuticals & Healthcare sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.47%, while the MDAX index climbed 0.16%, and the TecDAX index gained 2.95%.

The best performers of the session on the DAX were Deutsche Telekom AG Na (DE:DTEGn), which rose 4.88% or 0.815 points to trade at 17.530 at the close. Meanwhile, Merck KGaA (DE:MRCG) added 2.28% or 2.55 points to end at 114.40 and Fresenius SE & Co KGAA O.N. (DE:FREG) was up 1.48% or 1.160 points to 79.490 in late trade.

The worst performers of the session were Thyssenkrupp AG O.N. (DE:TKAG), which fell 4.06% or 0.905 points to trade at 21.360 at the close. Bayerische Motoren Werke AG (DE:BMWG) declined 3.22% or 2.900 points to end at 87.240 and Adidas AG (DE:ADSGN) was down 1.56% or 2.80 points to 176.20.

The top performers on the MDAX were Osram Licht AG (F:OSRn) which rose 2.10% to 68.113, Axel Springer SE (DE:SPRGn) which was up 2.03% to settle at 54.850 and LEG Immobilien AG (DE:LEGn) which gained 1.64% to close at 84.360.

The worst performers were Talanx AG NA O.N. (DE:TLXGn) which was down 3.21% to 33.720 in late trade, Salzgitter AG (DE:SZGG) which lost 3.02% to settle at 31.920 and Covestro AG (DE:1COV) which was down 2.11% to 65.060 at the close.

The top performers on the TecDAX were United Internet AG NA (DE:UTDI) which rose 13.92% to 48.690, Drillisch AG (DE:DRIG) which was up 11.59% to settle at 54.160 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 5.97% to close at 4.330.

The worst performers were Jenoptik AG (DE:JENG) which was down 4.37% to 24.510 in late trade, Slm Solution G (DE:AM3D) which lost 2.36% to settle at 37.02 and Cancom SE O.N. (DE:COKG) which was down 2.31% to 51.690 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 392 to 347 and 35 ended unchanged.

Shares in Deutsche Telekom AG Na (DE:DTEGn) rose to 52-week highs; up 4.88% or 0.815 to 17.530. Shares in Merck KGaA (DE:MRCG) rose to all time highs; up 2.28% or 2.55 to 114.40. Shares in Fresenius SE & Co KGAA O.N. (DE:FREG) rose to 3-years highs; up 1.48% or 1.160 to 79.490. Shares in Osram Licht AG (F:OSRn) rose to all time highs; gaining 2.10% or 1.402 to 68.113. Shares in Axel Springer SE (DE:SPRGn) rose to 52-week highs; gaining 2.03% or 1.090 to 54.850. Shares in United Internet AG NA (DE:UTDI) rose to 52-week highs; rising 13.92% or 5.950 to 48.690. Shares in Drillisch AG (DE:DRIG) rose to all time highs; gaining 11.59% or 5.625 to 54.160.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.87% to 12.52 a new 1-month low.

Gold Futures for June delivery was up 0.37% or 4.48 to $1228.68 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.17% or 0.08 to hit $47.75 a barrel, while the July Brent oil contract unchanged 0.00% or 0.00 to trade at $50.77 a barrel.

EUR/USD was up 0.56% to 1.0923, while EUR/GBP rose 0.66% to 0.8485.

The US Dollar Index Futures was down 0.40% at 99.13.

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