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Germany shares higher at close of trade; DAX up 1.56%

Published 28/03/2018, 03:15 am
© Reuters.  Germany shares higher at close of trade; DAX up 1.56%
DE40
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CBKG
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DB1Gn
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FMEG
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MUVGn
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GBFG
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SZUG
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PV
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LEOGn
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EONGn
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CXPHX
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Investing.com – Germany equities were higher at the close on Tuesday, as gains in the Technology, Financial Services and Construction sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 1.56%, while the MDAX index added 1.41%, and the TecDAX index added 1.71%.

The biggest gainers of the session on the DAX were Deutsche Boerse AG (DE:DB1Gn), which rose 3.45% or 3.700 points to trade at 111.100 at the close. Infineon Technologies AG NA O.N. (DE:IFXGn) added 3.07% or 0.670 points to end at 22.460 and Fresenius Medical Care KGAA ST (DE:FMEG) was up 2.59% or 2.060 points to 81.460 in late trade.

Biggest losers included Commerzbank AG O.N. (DE:CBKG), which lost 0.40% or 0.044 points to trade at 10.850 in late trade. Muench. Rueckvers. VNA O.N. (DE:MUVGn) added 0.19% or 0.35 points to end at 184.60 and E.ON SE NA (DE:EONGn) gained 0.40% or 0.035 points to 8.854.

The top performers on the MDAX were Gerresheimer AG (BS:GXId) which rose 3.90% to 67.950, Bilfinger SE O.N. (DE:GBFG) which was up 2.82% to settle at 37.900 and Leoni AG (DE:LEOGn) which gained 2.81% to close at 52.720.

The worst performers were Suedzucker AG (DE:SZUG) which was down 7.14% to 13.195 in late trade, Osram Licht AG (F:OSRn) which lost 1.29% to settle at 59.860 and Axel Springer SE (DE:SPRGn) which was down 0.36% to 68.300 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE:MDG1k) which rose 13.06% to 14.720, Draegerwerk VZO O.N. (DE:DRWG_p) which was up 6.91% to settle at 78.150 and RIB Software AG Na (DE:RIB) which gained 6.09% to close at 21.940.

The worst performers were SMA Solar Technology AG (DE:S92G) which was down 3.00% to 53.300 in late trade, GFT Technologies AG (DE:GFTG) which lost 2.48% to settle at 12.970 and Pfeiffer Vacuum Technology O.N. (DE:PV) which was down 1.45% to 129.50 at the close.

Advancing stocks outnumbered falling ones by 516 to 182 and 70 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 13.55% to 19.67.

In commodities trading, Gold Futures for April delivery was down 0.83% or 11.20 to $1343.80 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.02% or 0.01 to hit $65.56 a barrel, while the June Brent oil contract rose 0.29% or 0.20 to trade at $69.72 a barrel.

EUR/USD was down 0.27% to 1.2410, while EUR/GBP rose 0.22% to 0.8765.

The US Dollar Index Futures was up 0.34% at 88.94.

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