Germany stocks higher at close of trade; DAX up 2.86%


© Reuters.  Germany stocks higher at close of trade; DAX up 2.86%© Reuters. Germany stocks higher at close of trade; DAX up 2.86% – Germany stocks were higher after the close on Friday, as gains in the Software, Technology and Basic Resources sectors led shares higher.

At the close in Frankfurt, the DAX gained 2.86% to hit a new 1-month high, while the MDAX index gained 1.22%, and the TecDAX index gained 2.83%.

The best performers of the session on the DAX were SAP SE (DE:SAPG), which rose 9.62% or 10.100 points to trade at 115.040 at the close. Meanwhile, Volkswagen AG VZO O.N. (DE:VOWG_p) added 4.91% or 7.56 points to end at 161.50 and Covestro AG (DE:1COV) was up 4.80% or 2.080 points to 45.450 in late trade.

The worst performers of the session were Beiersdorf AG O.N. (DE:BEIG), which fell 1.29% or 1.350 points to trade at 103.350 at the close. Vonovia SE (DE:VNAn) declined 0.64% or 0.30 points to end at 46.51 and RWE AG ST O.N. (DE:RWEG) was down 0.52% or 0.140 points to 26.990.

The top performers on the MDAX were Kion Group AG (DE:KGX) which rose 6.98% to 49.95, Duerr AG (DE:DUEG) which was up 6.90% to settle at 24.310 and Siltronic AG (DE:WAFGn) which gained 6.80% to close at 73.480.

The worst performers were Hugo Boss AG NA O.N. (DE:BOSSn) which was down 13.45% to 38.750 in late trade, Rheinmetall AG (DE:RHMG) which lost 2.50% to settle at 110.950 and Gerresheimer AG (DE:GXIG) which was down 1.91% to 64.350 at the close.

The top performers on the TecDAX were SAP SE (DE:SAPG) which rose 9.62% to 115.040, Siltronic AG (DE:WAFGn) which was up 6.80% to settle at 73.480 and SMA Solar Technology AG (DE:S92G) which gained 5.21% to close at 24.620.

The worst performers were Carl Zeiss Meditec AG (DE:AFXG) which was down 0.10% to 102.400 in late trade, Nordex SE O.N. (DE:NDXG) which unchanged 0.00% to settle at 11.190 and Qiagen NV (DE:QIA) which was unchanged 0.00% to 29.440 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 509 to 157 and 85 ended unchanged.

Shares in Hugo Boss AG NA O.N. (DE:BOSSn) fell to 5-year lows; down 13.45% or 6.020 to 38.750.

The DAX volatility index, which measures the implied volatility of DAX options, was down 9.14% to 15.91.

Gold Futures for December delivery was down 0.76% or 11.45 to $1489.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.62% or 0.87 to hit $54.42 a barrel, while the December Brent oil contract rose 1.93% or 1.14 to trade at $60.24 a barrel.

EUR/USD was up 0.42% to 1.1050, while EUR/GBP fell 1.28% to 0.8729.

The US Dollar Index Futures was down 0.44% at 97.972.

Source By Breaking News Website | BreakingNews.WS