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Germany stocks higher at close of trade; DAX up 1.60%

Published 03/30/2016, 12:15 PM
Updated 03/30/2016, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 1.60%

© Reuters. Germany stocks higher at close of trade; DAX up 1.60%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Utilities, Basic Resources and Retail sectors led shares higher.

At the close in Frankfurt, the DAX gained 1.60% to hit a new 1-month high, while the MDAX index climbed 1.86%, and the TecDAX index gained 1.77%.

The best performers of the session on the DAX were Thyssenkrupp AG O.N. (DE:TKAG), which rose 8.27% or 1.390 points to trade at 18.195 at the close. Meanwhile, E.ON SE NA (DE:EONGn) added 6.42% or 0.523 points to end at 8.671 and RWE AG ST O.N. (DE:RWEG) was up 5.42% or 0.585 points to 11.385 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 1.37% or 0.210 points to trade at 15.155 at the close. Lufthansa AG VNA O.N. (DE:LHAG) declined 0.28% or 0.040 points to end at 14.065 and Merck KGAA O.N. (DE:MRCG) was up 0.14% or 0.100 points to 74.070.

The top performers on the MDAX were Metro AG ST O.N. (DE:MEOG) which rose 11.52% to 27.400, Leoni AG NA O.N. (DE:LEOGn) which was up 5.28% to settle at 30.090 and Salzgitter AG O.N. (DE:SZGG) which gained 5.26% to close at 25.020.

The worst performers were Kabel Deutschland Holding AG O.N. (DE:KD8Gn) which was down 11.03% to 102.000 in late trade, Talanx AG NA O.N. (DE:TLXGn) which lost 0.49% to settle at 29.430 and Kloeckner & Co SE NA (DE:KCOGn) which was up 0.24% to 8.719 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which rose 6.68% to 45.655, Dialog Semiconductor (DE:DLGS) which was up 5.78% to settle at 34.515 and Wirecard AG (DE:WDIG) which gained 4.24% to close at 33.100.

The worst performers were Drillisch AG O.N. (DE:DRIG) which was down 3.14% to 37.020 in late trade, CompuGroup Medical AG O.N. (DE:COPMa) which lost 2.03% to settle at 37.185 and Cancom SE O.N. (DE:COKG) which was down 1.83% to 45.795 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 632 to 195 and 27 ended unchanged.

Shares in Kabel Deutschland Holding AG O.N. (DE:KD8Gn) fell to 52-week lows; losing 11.03% or 12.650 to 102.000.

The DAX volatility index, which measures the implied volatility of DAX options, was down 8.01% to 20.34.

Gold for June delivery was down 0.68% or 8.40 to $1229.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.18% or 0.45 to hit $38.73 a barrel, while the June Brent oil contract rose 1.36% or 0.54 to trade at $40.39 a barrel.

EUR/USD was up 0.24% to 1.1321, while EUR/GBP rose 0.15% to 0.7872.

The US Dollar Index was down 0.28% at 94.90.

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