Germany stocks mixed at close of trade; DAX up 1.87%

Germany stocks mixed at close of trade; DAX up 1.87%

© Reuters.  Germany stocks mixed at close of trade; DAX up 1.87% © Reuters. Germany stocks mixed at close of trade; DAX up 1.87% – Germany stocks were mixed after the close on Wednesday, as gains in the Insurance, Chemicals and Utilities sectors led shares higher while losses in the Financial Services, Retail and Media sectors led shares lower.

At the close in Frankfurt, the DAX added 1.87% to hit a new all time high, while the MDAX index climbed 0.25%, and the TecDAX index declined 0.14%.

The best performers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 6.10% or 0.539 points to trade at 9.369 at the close. Meanwhile, Allianz SE VNA O.N. (DE:ALVG) added 5.60% or 10.98 points to end at 207.18 and BASF SE NA O.N. (DE:BASFN) was up 4.87% or 3.130 points to 67.380 in late trade.

The worst performers of the session were Vonovia SE (DE:VNAn), which fell 4.12% or 2.46 points to trade at 57.18 at the close. Deutsche Wohnen AG (DE:DWNG) declined 3.45% or 1.490 points to end at 41.760 and Delivery Hero AG (DE:DHER) was down 3.19% or 4.60 points to 139.50.

The top performers on the MDAX were K&S AG (DE:SDFGn) which rose 8.14% to 9.711, Thyssenkrupp AG O.N. (DE:TKAG) which was up 6.11% to settle at 8.775 and Commerzbank AG O.N. (DE:CBKG) which gained 5.75% to close at 5.668.

The worst performers were Tag Immobilien AG (DE:TEGG) which was down 4.24% to 24.820 in late trade, LEG Immobilien AG (DE:LEGn) which lost 3.55% to settle at 122.800 and TeamViewer AG (DE:TMV) which was down 3.59% to 43.24 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 5.16% to 24.040, United Internet AG NA (DE:UTDI) which was up 3.25% to settle at 36.840 and Drillisch AG (DE:DRIG) which gained 2.96% to close at 21.890.

The worst performers were TeamViewer AG (DE:TMV) which was down 3.59% to 43.24 in late trade, Aixtron SE (DE:AIXGn) which lost 3.23% to settle at 14.418 and LPKF Laser & Electronics (DE:LPKG) which was down 3.28% to 28.050 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 442 to 227 and 28 ended unchanged.

Shares in BASF SE NA O.N. (DE:BASFN) rose to 52-week highs; rising 4.87% or 3.130 to 67.380. Shares in Nordex SE O.N. (DE:NDXG) rose to 3-years highs; rising 5.16% or 1.180 to 24.040.

The DAX volatility index, which measures the implied volatility of DAX options, was down 13.08% to 23.60.

Gold Futures for February delivery was down 2.48% or 48.50 to $1905.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.08% or 0.54 to hit $50.47 a barrel, while the March Brent oil contract rose 1.36% or 0.73 to trade at $54.33 a barrel.

EUR/USD was down 0.15% to 1.2275, while EUR/GBP rose 0.28% to 0.9048.

The US Dollar Index Futures was up 0.36% at 89.727.

Original Article

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