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Germany stocks higher at close of trade; DAX up 0.50%

Published 03/16/2016, 01:15 PM
Updated 03/16/2016, 01:15 PM
© Reuters. Germany stocks higher at close of trade; DAX up 0.50%

© Reuters. Germany stocks higher at close of trade; DAX up 0.50%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Industrials, Financial Services and Telecoms sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.50%, while the MDAX index climbed 0.92%, and the TecDAX index added 0.10%.

The best performers of the session on the DAX were Bay.Motoren Werke AG ST (DE:BMWG), which rose 3.86% or 3.070 points to trade at 82.630 at the close. Meanwhile, Continental AG O.N. (DE:CONG) added 2.21% or 4.250 points to end at 196.650 and Daimler AG NA O.N. (DE:DAIGn) was up 1.84% or 1.220 points to 67.650 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 4.43% or 0.800 points to trade at 17.250 at the close. Merck KGAA O.N. (DE:MRCG) declined 1.07% or 0.820 points to end at 76.100 and Linde AG O.N. (DE:LING) was down 1.01% or 1.300 points to 127.900.

The top performers on the MDAX were Brenntag AG (DE:BNRGn) which rose 7.19% to 47.950, Elringklinger AG NA O.N. (DE:ZILGn) which was up 3.33% to settle at 23.765 and Gerresheimer AG (DE:GXId) which gained 3.25% to close at 68.970.

The worst performers were Bilfinger SE O.N. (DE:GBFG) which was down 9.18% to 39.575 in late trade, Fraport AG (DE:FRAG) which lost 7.92% to settle at 51.860 and Tui AG NA (DE:TUIGn) which was down 5.56% to 12.575 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (DE:MORG) which rose 4.53% to 41.655, Bechtle AG O.N. (DE:BC8G) which was up 2.47% to settle at 81.700 and Software AG O.N. (DE:SOWG) which gained 2.23% to close at 33.450.

The worst performers were STRATEC Biomedical AG (DE:SBSG) which was down 13.50% to 43.685 in late trade, Kontron AG O.N. (DE:KBCG) which lost 8.70% to settle at 3.223 and Draegerwerk VZO O.N. (DE:DRWG_p) which was down 2.84% to 61.210 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 509 to 323 and 31 ended unchanged.

Shares in Tui AG NA (DE:TUIGn) fell to 52-week lows; down 5.56% or 0.740 to 12.575. Shares in Software AG O.N. (DE:SOWG) rose to 3-years highs; up 2.23% or 0.730 to 33.450.

The DAX volatility index, which measures the implied volatility of DAX options, was down 0.94% to 21.12 a new 1-month low.

Gold for April delivery was down 0.13% or 1.60 to $1229.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 4.10% or 1.49 to hit $37.83 a barrel, while the May Brent oil contract rose 3.02% or 1.17 to trade at $39.91 a barrel.

EUR/USD was down 0.29% to 1.1076, while EUR/GBP rose 0.10% to 0.7859.

The US Dollar Index was up 0.29% at 96.94.

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