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Germany stocks higher at close of trade; DAX up 1.08%

Published 12/15/2016, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.08%

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

At the close in Frankfurt, the DAX added 1.08% to hit a new 52-week high, while the MDAX index added 0.29%, and the TecDAX index climbed 1.23%.

The best performers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 5.36% or 0.925 points to trade at 18.170 at the close. Meanwhile, Infineon Technologies AG NA O.N. (DE:IFXGn) added 4.00% or 0.630 points to end at 16.390 and Deutsche Boerse AG Z.UMT. (DE:DB11) was up 2.79% or 2.15 points to 79.30 in late trade.

The worst performers of the session were Vonovia SE (DE:VNAn), which fell 2.10% or 0.64 points to trade at 29.54 at the close. RWE AG ST O.N. (DE:RWEG) declined 1.84% or 0.210 points to end at 11.180 and Beiersdorf AG O.N. (DE:BEIG) was down 0.49% or 0.390 points to 79.150.

The top performers on the MDAX were MTU Aero Engines NA O.N. (DE:MTXGn) which rose 3.07% to 107.300, Leoni AG (DE:LEOGn) which was up 3.05% to settle at 33.105 and Airbus Group SE (F:AIRG) which gained 2.72% to close at 64.099.

The worst performers were Deutsche Wohnen AG Inh (DE:DWNG) which was down 2.32% to 28.160 in late trade, Steinhoff International Holdings NV (DE:SNHG) which lost 2.17% to settle at 4.73 and Deutsche Euroshop AG (DE:DEQGn) which was down 1.58% to 37.280 at the close.

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The top performers on the TecDAX were Alix Resources Corp (F:37N2) which rose 10.34% to 0.032, Siltronic AG (DE:WAFGn) which was up 7.96% to settle at 42.335 and United Internet AG NA (DE:UTDI) which gained 4.97% to close at 37.060.

The worst performers were S&T AG (F:SANT1) which was down 0.73% to 8.646 in late trade, Nordex SE O.N. (DE:NDXG) which lost 0.32% to settle at 18.735 and Slm Solution G (DE:AM3D) which was down 0.23% to 32.80 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 488 to 285 and 16 ended unchanged.

Shares in MTU Aero Engines NA O.N. (DE:MTXGn) rose to all time highs; rising 3.07% or 3.200 to 107.300.

The DAX volatility index, which measures the implied volatility of DAX options, was down 7.70% to 15.38 a new 52-week low.

Gold for February delivery was down 3.14% or 36.55 to $1127.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.61% or 0.31 to hit $50.73 a barrel, while the February Brent oil contract fell 0.32% or 0.17 to trade at $53.73 a barrel.

EUR/USD was down 1.36% to 1.0391, while EUR/GBP fell 0.13% to 0.8370.

The US Dollar Index was up 1.27% at 103.33.

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