Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Construction, Insurance and Technology sectors led shares higher.
At the close in Frankfurt, the DAX gained 1.82% to hit a new 52-week high, while the MDAX index added 0.59%, and the TecDAX index climbed 0.88%.
The best performers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 5.75% or 1.055 points to trade at 19.400 at the close. Meanwhile, Commerzbank AG O.N. (DE:CBKG) added 3.59% or 0.285 points to end at 8.234 and Allianz SE VNA O.N. (DE:ALVG) was up 3.31% or 5.200 points to 162.500 in late trade.
The worst performers of the session were RWE AG ST O.N. (DE:RWEG), which fell 1.02% or 0.130 points to trade at 12.655 at the close. Vonovia SE (DE:VNAn) declined 0.32% or 0.10 points to end at 29.95 and Heidelbergcement AG O.N. (DE:HEIG) was 0.00% or 0.000 points to 87.860.
The top performers on the MDAX were Jungheinrich AG O.N.VZO (DE:JUNG_p) which rose 4.53% to 28.125, GEA Group AG (DE:G1AG) which was up 3.71% to settle at 38.820 and K+S AG NA O.N. (DE:SDFGn) which gained 3.37% to close at 24.830.
The worst performers were Hugo Boss AG NA O.N. (DE:BOSSn) which was down 1.90% to 60.530 in late trade, Steinhoff International Holdings NV (DE:SNHG) which lost 1.80% to settle at 4.75 and Deutsche Wohnen AG Inh (DE:DWNG) which was down 1.78% to 29.315 at the close.
The top performers on the TecDAX were RIB Software AG Na (DE:RIB) which rose 3.49% to 12.160, Sartorius AG VZO O.N. (DE:SATG_p) which was up 2.74% to settle at 70.170 and Cancom SE O.N. (DE:COKG) which gained 2.72% to close at 44.295.
The worst performers were Telefonica Deutschland Holding AG (DE:O2Dn) which was down 0.96% to 4.120 in late trade, Xing AG (DE:OBCGn) which lost 0.62% to settle at 177.050 and Siltronic AG (DE:WAFGn) which was down 0.19% to 51.900 at the close.
Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 553 to 208 and 22 ended unchanged.
Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) rose to 52-week highs; rising 5.75% or 1.055 to 19.400. Shares in Allianz SE VNA O.N. (DE:ALVG) rose to 52-week highs; up 3.31% or 5.200 to 162.500. Shares in K+S AG NA O.N. (DE:SDFGn) rose to 52-week highs; up 3.37% or 0.810 to 24.830.
The DAX volatility index, which measures the implied volatility of DAX options, was down 4.35% to 15.06.
Gold for February delivery was down 0.97% or 11.75 to $1199.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.15% or 0.08 to hit $53.26 a barrel, while the March Brent oil contract rose 0.02% or 0.01 to trade at $55.45 a barrel.
EUR/USD was up 0.04% to 1.0735, while EUR/GBP fell 0.69% to 0.8511.
The US Dollar Index was down 0.19% at 100.08.