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Germany shares higher at close of trade; DAX up 1.78%

Published 02/11/2017, 04:15 am
© Reuters.  Germany shares higher at close of trade; DAX up 1.78%
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Investing.com – Germany equities were higher at the close on Wednesday, as gains in the Technology, Basic Resources and Software sectors propelled shares higher.

At the close in Frankfurt, the DAX added 1.78% to hit a new all time high, while the MDAX index climbed 0.78%, and the TecDAX index gained 1.04%.

The biggest gainers of the session on the DAX were Volkswagen AG VZO O.N. (DE:VOWG_p), which rose 4.78% or 7.45 points to trade at 163.35 at the close. Infineon Technologies AG NA O.N. (DE:IFXGn) added 4.17% or 0.980 points to end at 24.485 and Deutsche Lufthansa AG (DE:LHAG) was up 2.99% or 0.820 points to 28.220 in late trade.

Biggest losers included Prosiebensat 1 Media AG (DE:PSMGn), which lost 2.59% or 0.775 points to trade at 29.170 in late trade. Deutsche Telekom AG Na (DE:DTEGn) declined 1.85% or 0.290 points to end at 15.350 and Adidas AG (DE:ADSGN) shed 1.75% or 3.35 points to 187.70.

The top performers on the MDAX were Norma Group AG NA O.N. (DE:NOEJ) which rose 4.06% to 60.780, Brenntag AG (DE:BNRGn) which was up 3.30% to settle at 50.220 and Bilfinger SE O.N. (DE:GBFG) which gained 3.17% to close at 35.635.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 3.59% to 3.68 in late trade, Hugo Boss AG NA O.N. (DE:BOSSn) which lost 2.17% to settle at 75.170 and Zalando SE (DE:ZALG) which was down 1.47% to 42.33 at the close.

The top performers on the TecDAX were Nemetschek AG O.N. (DE:NEKG) which rose 8.31% to 83.000, SMA Solar Technology AG (DE:S92G) which was up 5.38% to settle at 41.935 and Aixtron SE (DE:AIXGn) which gained 3.40% to close at 13.855.

The worst performers were Evotec AG O.N. (DE:EVTG) which was down 9.30% to 16.340 in late trade, RIB Software AG Na (DE:RIB) which lost 3.36% to settle at 20.425 and Adva Optical Networking SE (DE:ADAG) which was down 2.44% to 5.200 at the close.

Advancing stocks outnumbered falling ones by 502 to 255 and 28 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.77% to 11.89.

In commodities trading, Gold Futures for December delivery was up 0.62% or 7.86 to $1278.36 a troy ounce. Meanwhile, Crude oil for delivery in December unchanged 0.00% or 0.00 to hit $54.38 a barrel, while the January Brent oil contract fell 0.39% or 0.24 to trade at $60.70 a barrel.

EUR/USD was down 0.18% to 1.1625, while EUR/GBP fell 0.05% to 0.8764.

The US Dollar Index Futures was up 0.19% at 94.63.

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