Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Construction, Basic Resources and Technology sectors led shares higher.
At the close in Frankfurt, the DAX added 1.97% to hit a new 52-week high, while the MDAX index climbed 1.02%, and the TecDAX index climbed 1.12%.
The best performers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 5.11% or 0.950 points to trade at 19.550 at the close. Meanwhile, Commerzbank AG O.N. (DE:CBKG) added 3.96% or 0.285 points to end at 7.486 and Volkswagen AG VZO O.N. (DE:VOWG_p) was up 3.36% or 4.700 points to 144.400 in late trade.
The worst performers of the session were Vonovia SE (DE:VNAn), which rose 0.52% or 0.17 points to trade at 33.06 at the close. Beiersdorf AG O.N. (DE:BEIG) added 0.74% or 0.640 points to end at 86.760 and Continental AG O.N. (DE:CONG) was up 0.78% or 1.500 points to 193.000.
The top performers on the MDAX were Aareal Bank AG (DE:ARLG) which rose 5.28% to 36.700, Rheinmetall AG (DE:RHMG) which was up 5.07% to settle at 75.780 and Hugo Boss AG NA O.N. (DE:BOSSn) which gained 4.62% to close at 67.980.
The worst performers were Covestro AG (DE:1COV) which was down 6.71% to 66.300 in late trade, Steinhoff International Holdings NV (DE:SNHG) which lost 1.40% to settle at 4.98 and Talanx AG NA O.N. (DE:TLXGn) which was down 0.83% to 33.450 at the close.
The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 4.72% to 14.545, Xing AG (DE:OBCGn) which was up 4.13% to settle at 200.350 and SMA Solar Technology AG (DE:S92G) which gained 3.83% to close at 24.700.
The worst performers were Alix Resources Corp (F:37N2) which was down 2.50% to 0.039 in late trade, Telefonica Deutschland Holding AG (DE:O2Dn) which lost 1.98% to settle at 4.062 and Adva Optical Networking SE (DE:ADAG) which was down 0.47% to 9.890 at the close.
Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 577 to 182 and 26 ended unchanged.
Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) rose to 52-week highs; gaining 5.11% or 0.950 to 19.550. Shares in Rheinmetall AG (DE:RHMG) rose to all time highs; rising 5.07% or 3.660 to 75.780. Shares in Xing AG (DE:OBCGn) rose to all time highs; up 4.13% or 7.950 to 200.350.
The DAX volatility index, which measures the implied volatility of DAX options, was down 7.23% to 14.61.
Gold Futures for April delivery was down 0.57% or 7.15 to $1246.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.13% or 0.07 to hit $53.94 a barrel, while the May Brent oil contract fell 0.07% or 0.04 to trade at $56.47 a barrel.
EUR/USD was down 0.07% to 1.0570, while EUR/GBP rose 0.42% to 0.8578.
The US Dollar Index Futures was up 0.22% at 101.55.