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Germany shares higher at close of trade; DAX up 1.60%

Published 08/02/2018, 04:15 am
Updated 08/02/2018, 04:15 am
© Reuters.  Germany shares higher at close of trade; DAX up 1.60%

Investing.com – Germany equities were higher at the close on Wednesday, as gains in the Consumer & Cyclical, Financial Services and Media sectors propelled shares higher.

At the close in Frankfurt, the DAX rose 1.60%, while the MDAX index climbed 2.56%, and the TecDAX index climbed 3.19%.

The biggest gainers of the session on the DAX were Adidas AG (DE:ADSGN), which rose 5.27% or 9.20 points to trade at 183.80 at the close. Prosiebensat 1 Media AG (DE:PSMGn) added 4.73% or 1.350 points to end at 29.900 and Deutsche Boerse AG (DE:DB1Gn) was up 4.13% or 4.200 points to 105.850 in late trade.

Biggest losers included Deutsche Bank AG NA O.N. (DE:DBKGn), which lost 0.44% or 0.058 points to trade at 13.110 in late trade. Deutsche Lufthansa AG (DE:LHAG) declined 0.25% or 0.070 points to end at 27.920 and Muench. Rueckvers. VNA O.N. (DE:MUVGn) gained 0.06% or 0.10 points to 180.45.

The top performers on the MDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 7.87% to 0.44, Jungheinrich AG O.N.VZO (DE:JUNG_p) which was up 4.88% to settle at 39.540 and Kion Group AG (DE:KGX) which gained 4.62% to close at 73.44.

The worst performers were Wacker Chemie O.N. (DE:WCHG) which was down 1.07% to 148.55 in late trade, Bilfinger SE O.N. (DE:GBFG) which lost 0.62% to settle at 35.020 and CTS Eventim AG (DE:EVDG) which was down 0.25% to 39.800 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE:MDG1k) which rose 15.51% to 17.350, Aixtron SE (DE:AIXGn) which was up 8.78% to settle at 12.510 and Adva Optical Networking SE (DE:ADAG) which gained 7.00% to close at 6.650.

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The worst performers were Siltronic AG (DE:WAFGn) which was up 0.32% to 123.500 in late trade, Dialog Semiconductor (DE:DLGS) which gained 0.64% to settle at 23.670 and Telefonica Deutschland Holding AG (DE:O2Dn) which was up 0.74% to 3.973 at the close.

Advancing stocks outnumbered falling ones by 668 to 99 and 35 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 18.99% to 20.70.

In commodities trading, Gold Futures for April delivery was down 0.67% or 8.90 to $1320.60 a troy ounce. Meanwhile, Crude oil for delivery in March fell 2.33% or 1.48 to hit $61.91 a barrel, while the April Brent oil contract fell 1.75% or 1.17 to trade at $65.69 a barrel.

EUR/USD was down 0.80% to 1.2277, while EUR/GBP fell 0.21% to 0.8853.

The US Dollar Index Futures was up 0.66% at 90.11.

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