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Germany shares higher at close of trade; DAX up 1.79%

Published 26/02/2016, 04:15 am
© Reuters.  Germany shares higher at close of trade; DAX up 1.79%

Investing.com – Germany equities were higher at the close on Thursday, as gains in the Transportation & Logistics, Construction and Software sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 1.79%, while the MDAX index added 2.21%, and the TecDAX index climbed 3.45%.

The biggest gainers of the session on the DAX were Fresenius Medical Care KGAA ST (DE:FMEG), which rose 4.71% or 3.470 points to trade at 77.200 at the close. Merck KGAA O.N. (DE:MRCG) added 4.39% or 3.290 points to end at 78.290 and Deutsche Post AG NA O.N. (DE:DPWGn) was up 4.28% or 0.895 points to 21.810 in late trade.

Biggest losers included Henkel AG & Co Kgaa Vzo (DE:HNKG_p), which lost 0.12% or 0.110 points to trade at 95.200 in late trade. Thyssenkrupp AG O.N. (DE:TKAG) added 0.21% or 0.030 points to end at 14.520 and Continental AG O.N. (DE:CONG) gained 0.22% or 0.400 points to 178.900.

The top performers on the MDAX were Hochtief AG (DE:HOTG) which rose 11.73% to 96.940, Aareal Bank AG (DE:ARLG) which was up 11.00% to settle at 27.190 and Prosiebensat 1 Media AG (DE:PSMGn) which gained 3.87% to close at 46.810.

The worst performers were Duerr AG O.N. (DE:DUEG) which was down 9.49% to 51.970 in late trade, Fielmann AG O.N. (DE:FIEG) which lost 2.77% to settle at 64.480 and Aurubis AG (DE:NAFG) which was down 2.63% to 39.585 at the close.

The top performers on the TecDAX were Adva Optical Networking SE (DE:ADAG) which rose 15.35% to 9.711, Wirecard AG (DE:WDIG) which was up 9.27% to settle at 36.495 and Drillisch AG O.N. (DE:DRIG) which gained 6.51% to close at 37.685.

The worst performers were QSC AG NA O.N. (DE:QSCG) which was down 0.79% to 1.390 in late trade, LPKF Laser & Electronics (DE:LPKG) which lost 0.77% to settle at 6.046 and Draegerwerk VZO O.N. (DE:DRWG_p) which was down 0.47% to 59.720 at the close.

Advancing stocks outnumbered falling ones by 588 to 161 and 20 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 5.40% to 27.15.

In commodities trading, Gold for April delivery was down 0.02% or 0.20 to $1238.90 a troy ounce. Meanwhile, Crude oil for delivery in April fell 1.52% or 0.49 to hit $31.66 a barrel, while the April Brent oil contract fell 1.13% or 0.39 to trade at $34.02 a barrel.

EUR/USD was up 0.08% to 1.1023, while EUR/GBP fell 0.03% to 0.7908.

The US Dollar Index was down 0.04% at 97.47.

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