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Germany stocks higher at close of trade; DAX up 1.28%

Published 03/28/2017, 12:15 PM
Updated 03/28/2017, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.28%

Investing.com – Germany stocks were higher after the close on Tuesday, as gains in the Technology, Basic Resources and Industrials sectors led shares higher.

At the close in Frankfurt, the DAX gained 1.28% to hit a new 52-week high, while the MDAX index climbed 0.95%, and the TecDAX index gained 1.42%.

The best performers of the session on the DAX were Commerzbank AG O.N. (DE:CBKG), which rose 3.31% or 0.282 points to trade at 8.803 at the close. Meanwhile, Deutsche Bank AG NA O.N. (DE:DBKGn) added 2.90% or 0.450 points to end at 15.955 and Infineon Technologies AG NA O.N. (DE:IFXGn) was up 2.46% or 0.460 points to 19.150 in late trade.

The worst performers of the session were RWE AG ST O.N. (DE:RWEG), which fell 0.61% or 0.090 points to trade at 14.700 at the close. Vonovia SE (DE:VNAn) declined 0.41% or 0.14 points to end at 32.46 and Henkel & Co KGaA AG Pref (DE:HNKG_p) was up 0.17% or 0.20 points to 119.20.

The top performers on the MDAX were Salzgitter AG (DE:SZGG) which rose 3.07% to 33.210, Covestro AG (DE:1COV) which was up 3.04% to settle at 70.100 and Lanxess AG (DE:LXSG) which gained 2.65% to close at 62.040.

The worst performers were Symrise AG Inh. O.N. (DE:SY1G) which was down 0.71% to 60.560 in late trade, Tag Immobilien AG (DE:TEGG) which lost 0.60% to settle at 12.460 and Rational AG (BS:RAAd) which was down 0.50% to 428.40 at the close.

The top performers on the TecDAX were Evotec AG O.N. (DE:EVTG) which rose 8.55% to 8.795, Pfeiffer Vacuum Technology O.N. (DE:PV) which was up 4.83% to settle at 119.45 and Slm Solution G (DE:AM3D) which gained 3.74% to close at 37.55.

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The worst performers were SMA Solar Technology AG (DE:S92G) which was down 1.03% to 23.970 in late trade, Nordex SE O.N. (DE:NDXG) which lost 0.31% to settle at 12.815 and Qiagen NV (DE:QGEN) which was down 0.23% to 26.595 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 514 to 220 and 23 ended unchanged.

Shares in Commerzbank AG O.N. (DE:CBKG) rose to 52-week highs; rising 3.31% or 0.282 to 8.803. Shares in Infineon Technologies AG NA O.N. (DE:IFXGn) rose to all time highs; gaining 2.46% or 0.460 to 19.150. Shares in Evotec AG O.N. (DE:EVTG) rose to 5-year highs; up 8.55% or 0.693 to 8.795. Shares in Pfeiffer Vacuum Technology O.N. (DE:PV) rose to all time highs; rising 4.83% or 5.50 to 119.45. Shares in Nordex SE O.N. (DE:NDXG) fell to 52-week lows; falling 0.31% or 0.040 to 12.815.

The DAX volatility index, which measures the implied volatility of DAX options, was down 5.20% to 14.78.

Gold Futures for April delivery was down 0.17% or 2.15 to $1253.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.91% or 0.91 to hit $48.64 a barrel, while the June Brent oil contract rose 1.75% or 0.89 to trade at $51.79 a barrel.

EUR/USD was down 0.15% to 1.0848, while EUR/GBP rose 0.37% to 0.8681.

The US Dollar Index Futures was up 0.14% at 99.17.

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