Germany stocks higher at close of trade; DAX up 0.57%

Stock market

Germany stocks were higher after the close on Thursday, as gains in theTechnology, Industrials and Basic Resources sectors led shares higher.

At the close in Frankfurt, the DAX gained 0.57%, while the MDAX index climbed 0.65%, and the TecDAX index gained 0.85%.

The best performers of the session on the DAX were Siemens AG NA (DE:SIEGn), which rose 4.49% or 4.350 points to trade at 101.150 at the close. Meanwhile, Infineon Technologies AG NA O.N. (DE:IFXGn) added 2.88% or 0.400 points to end at 14.305 and Thyssenkrupp AG O.N. (DE:TKAG) was up 2.06% or 0.405 points to 20.075 in late trade.

The worst performers of the session were Beiersdorf AG O.N. (DE:BEIG), which fell 4.19% or 3.560 points to trade at 81.440 at the close. Adidas AG NA O.N. (DE:ADSGN) declined 1.96% or 2.900 points to end at 145.000 and Deutsche Boerse AG (DE:DB1Gn) was down 0.46% or 0.340 points to 73.670.

The top performers on the MDAX were Bilfinger SE O.N. (DE:GBFG) which rose 6.66% to 27.630, Rheinmetall AG (DE:RHMG) which was up 3.31% to settle at 64.000 and Steinhoff International Holdings NV (DE:SNHG) which gained 3.29% to close at 5.81.

The worst performers were Hannover Rueck SE (DE:HNRGn) which was down 4.76% to 86.800 in late trade, Talanx AG NA O.N. (DE:TLXGn) which lost 2.22% to settle at 26.190 and Axel Springer SE (DE:SPRGn) which was down 2.03% to 46.205 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 5.41% to 24.365, Nemetschek AG O.N. (DE:NEKG) which was up 4.28% to settle at 55.830 and Slm Solution G (DE:AM3D) which gained 3.09% to close at 23.67.

The worst performers were CompuGroup Medical AG O.N. (DE:COPMa) which was down 2.34% to 37.500 in late trade, SMA Solar Technology AG (DE:S92G) which lost 1.19% to settle at 43.495 and Cancom SE O.N. (DE:COKG) which was down 1.15% to 45.545 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 600 to 274 and 21 ended unchanged.

Shares in Siemens AG NA (DE:SIEGn) rose to 52-week highs; rising 4.49% or 4.350 to 101.150. Shares in Steinhoff International Holdings NV (DE:SNHG) rose to all time highs; up 3.29% or 0.18 to 5.81.

The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 17.92.

Gold for December delivery was up 0.28% or 3.85 to $1368.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 2.30% or 0.94 to hit $41.77 a barrel, while the October Brent oil contract rose 1.97% or 0.85 to trade at $43.95 a barrel.

EUR/USD was down 0.13% to 1.1135, while EUR/GBP rose 1.36% to 0.8482.

The US Dollar Index was up 0.18% at 95.66.

Source by Investing.com