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Germany stocks higher at close of trade; DAX up 1.14%

Published 03/23/2017, 01:15 PM
Updated 03/23/2017, 01:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.14%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Food & Beverages, Utilities and Construction sectors led shares higher.

At the close in Frankfurt, the DAX rose 1.14%, while the MDAX index gained 1.13%, and the TecDAX index gained 1.36%.

The best performers of the session on the DAX were Lufthansa AG VNA O.N. (DE:LHAG), which rose 3.53% or 0.515 points to trade at 15.095 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 2.83% or 0.410 points to end at 14.915 and Deutsche Boerse AG Z.UMT. (DE:DB11) was up 2.58% or 2.05 points to 81.54 in late trade.

The worst performers of the session were Volkswagen AG VZO O.N. (DE:VOWG_p), which fell 0.07% or 0.10 points to trade at 136.25 at the close. Henkel & Co KGaA AG Pref (DE:HNKG_p) added 0.04% or 0.05 points to end at 119.35 and Infineon Technologies AG NA O.N. (DE:IFXGn) was up 0.06% or 0.010 points to 17.105.

The top performers on the MDAX were Leoni AG (DE:LEOGn) which rose 8.83% to 43.815, Jungheinrich AG O.N.VZO (DE:JUNG_p) which was up 5.92% to settle at 30.670 and Uniper SE (DE:UN01) which gained 3.43% to close at 14.795.

The worst performers were Rational AG (BS:RAAd) which was down 1.27% to 441.40 in late trade, Salzgitter AG (DE:SZGG) which lost 0.48% to settle at 33.925 and Deutsche Wohnen AG Inh (DE:DWNG) which was down 0.31% to 31.040 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE:MDG1k) which rose 10.48% to 11.490, Draegerwerk VZO O.N. (DE:DRWG_p) which was up 4.53% to settle at 92.990 and Pfeiffer Vacuum Technology O.N. (DE:PV) which gained 3.80% to close at 109.20.

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The worst performers were Wirecard AG (DE:WDIG) which was down 0.02% to 48.740 in late trade, Carl Zeiss Meditec AG (DE:AFXG) which gained 0.05% to settle at 38.955 and Bechtle AG (DE:BC8G) which was up 0.20% to 101.100 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 530 to 186 and 17 ended unchanged.

Shares in Leoni AG (DE:LEOGn) rose to 52-week highs; gaining 8.83% or 3.555 to 43.815. Shares in Uniper SE (DE:UN01) rose to all time highs; gaining 3.43% or 0.490 to 14.795. Shares in Draegerwerk VZO O.N. (DE:DRWG_p) rose to 52-week highs; rising 4.53% or 4.030 to 92.990. Shares in Pfeiffer Vacuum Technology O.N. (DE:PV) rose to 52-week highs; up 3.80% or 4.00 to 109.20.

The DAX volatility index, which measures the implied volatility of DAX options, was up 1.47% to 14.34.

Gold Futures for April delivery was down 0.30% or 3.75 to $1245.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.58% or 0.28 to hit $47.76 a barrel, while the May Brent oil contract fell 0.16% or 0.08 to trade at $50.56 a barrel.

EUR/USD was down 0.12% to 1.0783, while EUR/GBP fell 0.45% to 0.8609.

The US Dollar Index Futures was up 0.07% at 99.55.

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