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Germany stocks mixed at close of trade; DAX up 0.17%

Published 10/07/2020, 01:15 PM
Updated 10/07/2020, 02:17 PM
© Reuters.  Germany stocks mixed at close of trade; DAX up 0.17%

© Reuters. Germany stocks mixed at close of trade; DAX up 0.17%

Investing.com – Germany stocks were mixed after the close on Wednesday, as gains in the Transportation & Logistics, Technology and Chemicals sectors led shares higher while losses in the Insurance, Telecoms and Financial Services sectors led shares lower.

At the close in Frankfurt, the DAX rose 0.17%, while the MDAX index declined 0.18%, and the TecDAX index fell 0.30%.

The best performers of the session on the DAX were Deutsche Post AG NA O.N. (DE:DPWGn), which rose 3.83% or 1.520 points to trade at 41.185 at the close. Meanwhile, Covestro AG (DE:1COV) added 2.91% or 1.270 points to end at 44.940 and BASF SE NA O.N. (DE:BASFN) was up 2.89% or 1.560 points to 55.460 in late trade.

The worst performers of the session were Deutsche Boerse AG (DE:DB1Gn), which fell 3.18% or 4.780 points to trade at 145.700 at the close. Bayer AG NA (DE:BAYGN) declined 2.99% or 1.39 points to end at 45.13 and Muench. Rueckvers. VNA O.N. (DE:MUVGn) was down 2.63% or 5.85 points to 216.30.

The top performers on the MDAX were Wacker Chemie O.N. (DE:WCHG) which rose 5.19% to 94.66, Duerr AG (DE:DUEG) which was up 2.07% to settle at 27.620 and United Internet AG NA (DE:UTDI) which gained 1.82% to close at 32.940.

The worst performers were Cancom SE O.N. (DE:COKG) which was down 5.52% to 43.140 in late trade, Software AG (DE:SOWGn) which lost 3.24% to settle at 38.810 and Rheinmetall AG (DE:RHMG) which was down 3.23% to 76.060 at the close.

The top performers on the TecDAX were Drillisch AG (DE:DRIG) which rose 3.78% to 19.615, Nordex SE O.N. (DE:NDXG) which was up 2.24% to settle at 13.220 and Infineon Technologies AG NA O.N. (DE:IFXGn) which gained 1.82% to close at 26.315.

The worst performers were Cancom SE O.N. (DE:COKG) which was down 5.52% to 43.140 in late trade, New Work SE (DE:NWOn) which lost 5.06% to settle at 244.00 and Software AG (DE:SOWGn) which was down 3.24% to 38.810 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 362 to 307 and 79 ended unchanged.

Shares in Deutsche Post AG NA O.N. (DE:DPWGn) rose to all time highs; rising 3.83% or 1.520 to 41.185. Shares in Wacker Chemie O.N. (DE:WCHG) rose to 52-week highs; up 5.19% or 4.67 to 94.66. Shares in Nordex SE O.N. (DE:NDXG) rose to 52-week highs; gaining 2.24% or 0.290 to 13.220. Shares in Infineon Technologies AG NA O.N. (DE:IFXGn) rose to all time highs; up 1.82% or 0.470 to 26.315.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.05% to 26.31.

Gold Futures for December delivery was down 1.00% or 19.10 to $1889.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 2.02% or 0.82 to hit $39.85 a barrel, while the December Brent oil contract fell 1.92% or 0.82 to trade at $41.83 a barrel.

EUR/USD was up 0.32% to 1.1771, while EUR/GBP rose 0.04% to 0.9112.

The US Dollar Index Futures was down 0.11% at 93.642.

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