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Germany stocks higher at close of trade; DAX up 2.32%

Published 10/07/2015, 02:15 am
Updated 10/07/2015, 02:16 am
© Reuters.  Germany stocks higher at close of trade; DAX up 2.32%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Food & Beverages, Telecoms and Transportation & Logistics sectors led shares higher.

At the close in Frankfurt, the DAX rose 2.32%, while the MDAX index climbed 2.14%, and the TecDAX index gained 1.90%.

The best performers of the session on the DAX were Deutsche Telekom AG Na (XETRA:DTEGn), which rose 4.04% or 0.605 points to trade at 15.590 at the close. Meanwhile, Continental AG O.N. (XETRA:CONG) added 3.43% or 6.900 points to end at 208.200 and Lufthansa AG VNA O.N. (XETRA:LHAG) was up 3.31% or 0.380 points to 11.855 in late trade.

The worst performers of the session were K & S AG NA O.N. (XETRA:SDFGN), which rose 0.26% or 0.095 points to trade at 36.645 at the close. Lanxess AG (XETRA:LXSG) added 0.66% or 0.340 points to end at 51.700 and Adidas AG NA O.N. (XETRA:ADSGN) was up 0.85% or 0.570 points to 67.560.

The top performers on the MDAX were Suedzucker Mannheim Ochsenfurt AG (XETRA:SZUG) which rose 6.80% to 16.015, Osram Licht (XETRA:OSRn) which was up 4.62% to settle at 44.278 and Gerresheimer AG (XETRA:GXId) which gained 3.93% to close at 54.500.

The worst performers were Kion Group AG (XETRA:KGX) which was down 1.47% to 39.51 in late trade, Elringklinger AG NA O.N. (XETRA:ZILGn) which lost 0.74% to settle at 22.120 and Salzgitter AG O.N. (XETRA:SZGG) which was down 0.52% to 30.335 at the close.

The top performers on the TecDAX were Adva Optical Networking SE (XETRA:ADAG) which rose 6.02% to 8.916, Xing AG (XETRA:OBCGn) which was up 4.57% to settle at 150.000 and QSC AG NA O.N. (XETRA:QSCG) which gained 4.28% to close at 1.756.

The worst performers were Aixtron SE NA O.N. (XETRA:AIXGn) which was down 7.12% to 5.466 in late trade, LPKF Laser & Electronics (XETRA:LPKG) which lost 3.76% to settle at 7.387 and Jenoptik AG O.N. (XETRA:JENG) which was down 1.39% to 10.985 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 578 to 168 and 33 ended unchanged.

Shares in Suedzucker Mannheim Ochsenfurt AG (XETRA:SZUG) rose to 52-week highs; up 6.80% or 1.020 to 16.015. Shares in Adva Optical Networking SE (XETRA:ADAG) rose to 5-year highs; rising 6.02% or 0.506 to 8.916. Shares in Aixtron SE NA O.N. (XETRA:AIXGn) fell to 5-year lows; down 7.12% or 0.419 to 5.466. Shares in LPKF Laser & Electronics (XETRA:LPKG) fell to 52-week lows; losing 3.76% or 0.289 to 7.387.

The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 26.64.

Gold for August delivery was down 0.22% or 2.60 to $1160.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 2.52% or 1.30 to hit $52.95 a barrel, while the August Brent oil contract rose 3.27% or 1.86 to trade at $58.91 a barrel.

EUR/USD was down 0.51% to 1.1020, while EUR/GBP fell 0.59% to 0.7170.

The US Dollar Index was up 0.38% at 96.75.

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