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Germany stocks mixed at close of trade; DAX up 0.56%

Published 12/09/2020, 11:15 AM
Updated 12/09/2020, 11:15 AM
© Reuters.  Germany stocks mixed at close of trade; DAX up 0.56%

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

At the close in Frankfurt, the DAX added 0.56%, while the MDAX index climbed 0.02%, and the TecDAX index lost 0.54%.

The best performers of the session on the DAX were Covestro AG (DE:1COV), which rose 5.16% or 2.450 points to trade at 49.910 at the close. Meanwhile, Delivery Hero AG (DE:DHER) added 5.08% or 5.00 points to end at 103.50 and Volkswagen AG VZO O.N. (DE:VOWG_p) was up 2.60% or 3.74 points to 147.62 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 1.13% or 0.107 points to trade at 9.348 at the close. Deutsche Wohnen AG (DE:DWNG) declined 0.87% or 0.370 points to end at 42.240 and RWE AG ST O.N. (DE:RWEG) was down 0.76% or 0.260 points to 33.755.

The top performers on the MDAX were Thyssenkrupp AG O.N. (DE:TKAG) which rose 5.65% to 6.360, HelloFresh SE (DE:HFGG) which was up 4.44% to settle at 50.05 and Wacker Chemie O.N. (DE:WCHG) which gained 2.80% to close at 113.20.

The worst performers were Morphosys AG O.N. (DE:MORG) which was down 3.36% to 90.840 in late trade, Carl Zeiss Meditec AG (DE:AFXG) which lost 3.10% to settle at 109.300 and Qiagen NV (DE:QIA) which was down 2.33% to 40.885 at the close.

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The top performers on the TecDAX were Drillisch AG (DE:DRIG) which rose 2.77% to 21.130, Varta AG (DE:VAR1) which was up 1.91% to settle at 112.200 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 1.46% to close at 2.365.

The worst performers were Morphosys AG O.N. (DE:MORG) which was down 3.36% to 90.840 in late trade, Carl Zeiss Meditec AG (DE:AFXG) which lost 3.10% to settle at 109.300 and Qiagen NV (DE:QIA) which was down 2.33% to 40.885 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 376 to 297 and 28 ended unchanged.

Shares in Covestro AG (DE:1COV) rose to 52-week highs; up 5.16% or 2.450 to 49.910. Shares in Wacker Chemie O.N. (DE:WCHG) rose to 52-week highs; rising 2.80% or 3.08 to 113.20.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.67% to 21.87 a new 6-months low.

Gold Futures for February delivery was down 1.23% or 23.05 to $1851.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.57% or 0.26 to hit $45.34 a barrel, while the February Brent oil contract fell 0.25% or 0.12 to trade at $48.72 a barrel.

EUR/USD was down 0.19% to 1.2078, while EUR/GBP fell 0.34% to 0.9030.

The US Dollar Index Futures was up 0.13% at 91.085.

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