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Germany shares higher at close of trade; DAX up 1.93%

Published 08/11/2016, 04:15 am
© Reuters.  Germany shares higher at close of trade; DAX up 1.93%
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Investing.com – Germany equities were higher at the close on Monday, as gains in the Insurance, Construction and Basic Resources sectors propelled shares higher.

At the close in Frankfurt, the DAX added 1.93%, while the MDAX index climbed 1.22%, and the TecDAX index climbed 1.84%.

The biggest gainers of the session on the DAX were Commerzbank AG O.N. (DE:CBKG), which rose 5.21% or 0.312 points to trade at 6.297 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) added 5.19% or 0.635 points to end at 12.865 and Lufthansa AG VNA O.N. (DE:LHAG) was up 4.24% or 0.495 points to 12.180 in late trade.

Biggest losers included Beiersdorf AG O.N. (DE:BEIG), which lost 0.42% or 0.340 points to trade at 81.150 in late trade. Volkswagen AG VZO O.N. (DE:VOWG_p) added 0.55% or 0.650 points to end at 119.350 and Prosiebensat 1 Media AG (DE:PSMGn) gained 0.67% or 0.235 points to 35.300.

The top performers on the MDAX were Symrise AG Inh. O.N. (DE:SY1G) which rose 26.83% to 74.525, Jungheinrich AG O.N.VZO (DE:JUNG_p) which was up 4.02% to settle at 26.810 and Leoni AG (DE:LEOGn) which gained 3.11% to close at 34.470.

The worst performers were Zalando SE (DE:ZALG) which was down 3.80% to 36.95 in late trade, Fielmann AG (DE:FIEG) which lost 3.36% to settle at 60.090 and Evonik Industries AG (DE:EVKn) which was down 2.35% to 26.405 at the close.

The top performers on the TecDAX were S&T AG (F:SANT1) which rose 7.49% to 9.166, Xing AG (DE:OBCGn) which was up 4.90% to settle at 186.200 and Carl Zeiss Meditec AG (DE:AFXG) which gained 4.70% to close at 33.000.

The worst performers were STRATEC Biomedical AG (DE:SBSG) which was down 1.51% to 50.200 in late trade, Nemetschek AG O.N. (DE:NEKG) which lost 0.07% to settle at 54.520 and Pfeiffer Vacuum Technology O.N. (DE:PV) which was up 0.36% to 80.990 at the close.

Advancing stocks outnumbered falling ones by 704 to 186 and 22 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 3.22% to 23.80.

In commodities trading, Gold for December delivery was down 1.92% or 25.05 to $1279.45 a troy ounce. Meanwhile, Crude oil for delivery in December rose 0.68% or 0.30 to hit $44.37 a barrel, while the January Brent oil contract rose 0.09% or 0.04 to trade at $45.62 a barrel.

EUR/USD was down 0.92% to 1.1037, while EUR/GBP unchanged 0.00% to 0.8902.

The US Dollar Index was up 0.91% at 97.82.

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