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Germany shares higher at close of trade; DAX up 0.74%

Published 21/03/2018, 04:15 am
© Reuters.  Germany shares higher at close of trade; DAX up 0.74%
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Investing.com – Germany equities were higher at the close on Tuesday, as gains in the Insurance, Financial Services and Chemicals sectors propelled shares higher.

At the close in Frankfurt, the DAX rose 0.74%, while the MDAX index gained 0.99%, and the TecDAX index gained 1.01%.

The biggest gainers of the session on the DAX were Deutsche Lufthansa AG (DE:LHAG), which rose 2.70% or 0.720 points to trade at 27.380 at the close. Muench. Rueckvers. VNA O.N. (DE:MUVGn) added 2.42% or 4.55 points to end at 192.20 and Deutsche Boerse AG (DE:DB1Gn) was up 2.40% or 2.600 points to 111.050 in late trade.

Biggest losers included Henkel & Co KGaA AG Pref (DE:HNKG_p), which lost 1.39% or 1.50 points to trade at 106.40 in late trade. Beiersdorf AG O.N. (DE:BEIG) declined 0.84% or 0.740 points to end at 86.980 and Deutsche Telekom AG Na (DE:DTEGn) shed 0.57% or 0.075 points to 13.195.

The top performers on the MDAX were Leoni AG (DE:LEOGn) which rose 4.72% to 57.240, Rheinmetall AG (DE:RHMG) which was up 3.65% to settle at 116.300 and Covestro AG (DE:1COV) which gained 3.16% to close at 84.180.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 6.09% to 0.24 in late trade, Krones AG O.N. (DE:KRNG) which lost 1.18% to settle at 109.000 and GEA Group AG (DE:G1AG) which was down 1.00% to 35.800 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which rose 4.53% to 58.900, Nordex SE O.N. (DE:NDXG) which was up 3.48% to settle at 8.990 and RIB Software AG Na (DE:RIB) which gained 3.36% to close at 32.600.

The worst performers were Dialog Semiconductor (DE:DLGS) which was down 3.06% to 24.050 in late trade, GFT Technologies AG (DE:GFTG) which lost 1.36% to settle at 13.810 and SLM Solutions Group AG (DE:AM3D) which was down 1.05% to 33.05 at the close.

Advancing stocks outnumbered falling ones by 463 to 240 and 96 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 6.78% to 16.95.

In commodities trading, Gold Futures for April delivery was down 0.52% or 6.80 to $1311.00 a troy ounce. Meanwhile, Crude oil for delivery in May rose 2.12% or 1.32 to hit $63.45 a barrel, while the May Brent oil contract rose 1.86% or 1.23 to trade at $67.28 a barrel.

EUR/USD was down 0.62% to 1.2259, while EUR/GBP fell 0.44% to 0.8757.

The US Dollar Index Futures was up 0.49% at 89.91.

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