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Germany stocks higher at close of trade; DAX up 0.78%


Germany stocks higher at close of trade; DAX up 0.78%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Retail, Financial Services and Pharmaceuticals & Healthcare sectors led shares higher.

At the close in Frankfurt, the DAX added 0.78% to hit a new 3-months high, while the MDAX index added 1.63%, and the TecDAX index added 0.87%.

The best performers of the session on the DAX were Vonovia SE (ETR:VNAn), which rose 5.74% or 1.33 points to trade at 24.49 at the close. Meanwhile, Siemens Energy AG (ETR:ENR1n) added 4.13% or 0.64 points to end at 16.13 and Covestro AG (ETR:1COV) was up 3.53% or 1.30 points to 38.12 in late trade.

The worst performers of the session were Munich Reinsurance (ETR:MUVGn), which fell 0.67% or 2.00 points to trade at 295.80 at the close. Airbus Group SE (ETR:AIRG) declined 0.44% or 0.50 points to end at 113.26 and Deutsche Boerse AG (ETR:DB1Gn) was down 0.43% or 0.75 points to 173.40.

The top performers on the MDAX were LEG Immobilien AG (ETR:LEGn) which rose 6.76% to 63.52, Evotec AG O.N. (ETR:EVTG) which was up 5.09% to settle at 17.35 and Aroundtown Property Holdings PLC (ETR:AT1) which gained 4.76% to close at 2.62.

The worst performers were GEA Group AG (ETR:G1AG) which was down 0.45% to 39.78 in late trade, Stabilus (ETR:STM1) which lost 0.24% to settle at 62.75 and CTS Eventim AG (ETR:EVDG) which was down 0.17% to 58.60 at the close.

The top performers on the TecDAX were Evotec AG O.N. (ETR:EVTG) which rose 5.09% to 17.35, Cancom SE O.N. (ETR:COKG) which was up 2.94% to settle at 30.16 and Nagarro SE (ETR:NA9n) which gained 2.34% to close at 113.60.

The worst performers were Verbio Vereinigte Bioenergie AG (ETR:VBKG) which was down 4.68% to 78.40 in late trade, Hensoldt Ag (ETR:HAGG) which lost 2.63% to settle at 22.20 and Morphosys AG O.N. (ETR:MORG) which was down 2.28% to 14.81 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 440 to 215 and 102 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 0.44% to 20.50.

Gold Futures for December delivery was up 0.55% or 9.65 to $1,755.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.26% or 0.20 to hit $78.14 a barrel, while the January Brent oil contract fell 0.02% or 0.02 to trade at $85.39 a barrel.

EUR/USD was unchanged 0.08% to 1.04, while EUR/GBP unchanged 0.40% to 0.86.

The US Dollar Index Futures was down 0.22% at 105.73.

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