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Germany stocks higher at close of trade; DAX up 1.47%

Published 05/25/2016, 12:15 PM
Updated 05/25/2016, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.47%

© Reuters. Germany stocks higher at close of trade; DAX up 1.47%

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

At the close in Frankfurt, the DAX gained 1.47%, while the MDAX index added 0.55%, and the TecDAX index added 0.62%.

The best performers of the session on the DAX were E.ON SE NA (DE:EONGn), which rose 3.68% or 0.312 points to trade at 8.785 at the close. Meanwhile, Commerzbank AG O.N. (DE:CBKG) added 3.67% or 0.275 points to end at 7.774 and Deutsche Bank AG NA O.N. (DE:DBKGn) was up 3.44% or 0.535 points to 16.095 in late trade.

The worst performers of the session were Heidelbergcement AG O.N. (DE:HEIG), which fell 1.00% or 0.770 points to trade at 76.160 at the close. Vonovia SE (DE:VNAn) declined 0.20% or 0.06 points to end at 30.66 and Adidas AG NA O.N. (DE:ADSGN) was down 0.17% or 0.200 points to 114.600.

The top performers on the MDAX were Leoni AG NA O.N. (DE:LEOGn) which rose 4.91% to 29.995, Talanx AG NA O.N. (DE:TLXGn) which was up 2.89% to settle at 29.750 and Aurubis AG (DE:NAFG) which gained 2.67% to close at 46.645.

The worst performers were LEG Immobilien AG (DE:LEGn) which was down 1.78% to 78.760 in late trade, Salzgitter AG O.N. (DE:SZGG) which lost 0.73% to settle at 26.460 and Deutsche Wohnen AG Inh (DE:DWNG) which was down 0.72% to 28.225 at the close.

The top performers on the TecDAX were Qiagen NV (DE:QGEN) which rose 2.90% to 19.315, Dialog Semiconductor (DE:DLGS) which was up 2.31% to settle at 28.955 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 2.13% to close at 4.179.

The worst performers were United Internet AG NA (DE:UTDI) which was down 1.61% to 42.910 in late trade, Pfeiffer Vacuum Technology O.N. (DE:PV) which lost 1.19% to settle at 85.770 and Wirecard AG (DE:WDIG) which was down 1.15% to 39.800 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 641 to 244 and 27 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 6.09% to 19.57.

Gold for June delivery was down 0.53% or 6.55 to $1222.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.60% or 0.29 to hit $48.91 a barrel, while the July Brent oil contract rose 1.07% or 0.52 to trade at $49.13 a barrel.

EUR/USD was up 0.13% to 1.1155, while EUR/GBP fell 0.28% to 0.7593.

The US Dollar Index was down 0.14% at 95.46.

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