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Germany shares higher at close of trade; DAX up 0.94%

Published 14/01/2017, 04:15 am
© Reuters.  Germany shares higher at close of trade; DAX up 0.94%
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Investing.com – Germany equities were higher at the close on Friday, as gains in the Retail, Pharmaceuticals & Healthcare and Media sectors propelled shares higher.

At the close in Frankfurt, the DAX rose 0.94%, while the MDAX index added 0.89%, and the TecDAX index gained 0.61%.

The biggest gainers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 4.01% or 0.700 points to trade at 18.145 at the close. Commerzbank AG O.N. (DE:CBKG) added 2.81% or 0.208 points to end at 7.616 and Merck KGaA (DE:MRCG) was up 2.22% or 2.250 points to 103.600 in late trade.

Biggest losers included Vonovia SE (DE:VNAn), which lost 0.67% or 0.21 points to trade at 30.95 in late trade. Continental AG O.N. (DE:CONG) declined 0.18% or 0.350 points to end at 189.000 and Henkel & Co KGaA AG Pref (DE:HNKG_p) shed 0.04% or 0.050 points to 114.000.

The top performers on the MDAX were Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which rose 3.77% to 41.200, Aareal Bank AG (DE:ARLG) which was up 3.03% to settle at 37.200 and Zalando SE (DE:ZALG) which gained 2.85% to close at 39.76.

The worst performers were Hugo Boss AG NA O.N. (DE:BOSSn) which was down 3.02% to 54.990 in late trade, Rational AG (BS:RAAd) which lost 2.15% to settle at 408.250 and Hella KGaA Hueck & Co (DE:HLE) which was down 1.38% to 35.84 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which rose 3.75% to 25.160, S&T AG (F:SANT1) which was up 3.24% to settle at 8.850 and Slm Solution G (DE:AM3D) which gained 1.86% to close at 34.00.

The worst performers were Xing AG (DE:OBCGn) which was down 2.15% to 181.900 in late trade, Wirecard AG (DE:WDIG) which lost 0.92% to settle at 41.260 and GFT Technologies AG (DE:GFTG) which was down 0.52% to 21.120 at the close.

Advancing stocks outnumbered falling ones by 529 to 219 and 22 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 8.49% to 14.69 a new 52-week low.

In commodities trading, Gold for February delivery was down 0.35% or 4.15 to $1195.65 a troy ounce. Meanwhile, Crude oil for delivery in February fell 0.83% or 0.44 to hit $52.57 a barrel, while the March Brent oil contract fell 0.62% or 0.35 to trade at $55.66 a barrel.

EUR/USD was up 0.17% to 1.0630, while EUR/GBP fell 0.15% to 0.8713.

The US Dollar Index was down 0.15% at 101.31.

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