Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Technology, Insurance and Basic Resources sectors led shares higher.
At the close in Frankfurt, the DAX added 0.70% to hit a new 1-month high, while the MDAX index gained 1.00%, and the TecDAX index added 1.44%.
The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 2.61% or 0.380 points to trade at 14.920 at the close. Meanwhile, Volkswagen AG VZO O.N. (DE:VOWG_p) added 2.36% or 2.950 points to end at 127.700 and Lufthansa AG VNA O.N. (DE:LHAG) was up 2.09% or 0.215 points to 10.490 in late trade.
The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 3.15% or 0.405 points to trade at 12.445 at the close. BASF SE NA O.N. (DE:BASFN) declined 1.94% or 1.400 points to end at 70.580 and Beiersdorf AG O.N. (DE:BEIG) was down 0.55% or 0.460 points to 83.890.
The top performers on the MDAX were Airbus Group SE (F:AIRG) which rose 5.06% to 54.325, Hugo Boss AG NA O.N. (DE:BOSSn) which was up 4.49% to settle at 52.600 and Jungheinrich AG O.N.VZO (DE:JUNG_p) which gained 4.28% to close at 28.515.
The worst performers were Osram Licht AG (F:OSRn) which was down 7.57% to 47.050 in late trade, Covestro AG (DE:1COV) which lost 1.20% to settle at 41.245 and Symrise AG Inh. O.N. (DE:SY1G) which was down 1.03% to 63.280 at the close.
The top performers on the TecDAX were Telefonica Deutschland Holding AG (DE:O2Dn) which rose 6.48% to 3.830, Dialog Semiconductor (DE:DLGS) which was up 4.72% to settle at 31.260 and Cancom SE O.N. (DE:COKG) which gained 3.53% to close at 45.650.
The worst performers were Sartorius AG VZO O.N. (DE:SATG_p) which was down 2.25% to 71.580 in late trade, Aixtron SE NA O.N. (DE:AIXGn) which lost 0.92% to settle at 5.370 and STRATEC Biomedical AG (DE:SBSG) which was down 0.82% to 51.880 at the close.
Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 579 to 291 and 24 ended unchanged.
Shares in Infineon Technologies AG NA O.N. (DE:IFXGn) rose to all time highs; up 2.61% or 0.380 to 14.920.
The DAX volatility index, which measures the implied volatility of DAX options, was up 0.72% to 18.17.
Gold for December delivery was up 0.43% or 5.65 to $1333.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 2.12% or 0.91 to hit $42.01 a barrel, while the October Brent oil contract fell 2.37% or 1.07 to trade at $44.16 a barrel.
EUR/USD was up 0.05% to 1.0990, while EUR/GBP rose 0.12% to 0.8381.
The US Dollar Index was up 0.14% at 97.31.