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Germany stocks higher at close of trade; DAX up 2.12%

Published 07/11/2016, 12:15 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 2.12%

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

At the close in Frankfurt, the DAX rose 2.12%, while the MDAX index gained 2.29%, and the TecDAX index gained 1.62%.

The best performers of the session on the DAX were Thyssenkrupp AG O.N. (DE:TKAG), which rose 6.44% or 1.165 points to trade at 19.260 at the close. Meanwhile, Infineon Technologies AG NA O.N. (DE:IFXGn) added 4.07% or 0.520 points to end at 13.305 and Siemens AG NA (DE:SIEGn) was up 3.60% or 3.210 points to 92.450 in late trade.

The worst performers of the session were Beiersdorf AG O.N. (DE:BEIG), which rose 0.51% or 0.430 points to trade at 84.920 at the close. Muench. Rueckvers. VNA O.N. (DE:MUVGn) added 0.86% or 1.250 points to end at 146.350 and Commerzbank AG O.N. (DE:CBKG) was up 0.89% or 0.051 points to 5.762.

The top performers on the MDAX were Jungheinrich AG O.N.VZO (DE:JUNG_p) which rose 6.32% to 26.730, Covestro AG (DE:1COV) which was up 5.25% to settle at 40.995 and Kion Group AG (DE:KGX) which gained 5.23% to close at 45.00.

The worst performers were Kuka AG (DE:KU2G) which was down 0.75% to 106.200 in late trade, Deutsche Pfandbriefbank AG (DE:PBBG) which lost 0.49% to settle at 8.19 and Lanxess AG (DE:LXSG) which was unchanged 0.00% to 38.550 at the close.

The top performers on the TecDAX were GFT Technologies AG (DE:GFTG) which rose 4.89% to 17.800, Suess Microtec NA O.N. (DE:SMHNn) which was up 4.18% to settle at 6.804 and Xing AG (DE:OBCGn) which gained 4.05% to close at 174.550.

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The worst performers were Siltronic AG (DE:WAFGn) which was down 1.98% to 14.080 in late trade, STRATEC Biomedical AG (DE:SBSG) which lost 0.46% to settle at 51.750 and Cancom SE O.N. (DE:COKG) which was down 0.17% to 43.580 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 706 to 167 and 26 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 6.63% to 20.85 a new 1-month low.

Gold for August delivery was up 0.10% or 1.35 to $1359.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 1.01% or 0.46 to hit $44.95 a barrel, while the September Brent oil contract fell 0.98% or 0.46 to trade at $46.30 a barrel.

EUR/USD was unchanged 0.00% to 1.1050, while EUR/GBP fell 0.19% to 0.8507.

The US Dollar Index was up 0.34% at 96.64.

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