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Germany shares higher at close of trade; DAX up 1.36%

Published 05/08/2016, 17:15
© Reuters.  Germany shares higher at close of trade; DAX up 1.36%
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Investing.com – Germany equities were higher at the close on Friday, as gains in the Food & Beverages, Chemicals and Telecoms sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 1.36% to hit a new 3-month high, while the MDAX index gained 1.25%, and the TecDAX index added 0.54%.

The biggest gainers of the session on the DAX were Volkswagen AG VZO O.N. (DE:VOWG_p), which rose 3.68% or 4.400 points to trade at 124.050 at the close. Linde AG O.N. (DE:LING) added 3.65% or 4.700 points to end at 133.350 and Deutsche Bank AG NA O.N. (DE:DBKGn) was up 3.55% or 0.405 points to 11.800 in late trade.

Biggest losers included RWE AG ST O.N. (DE:RWEG), which lost 1.73% or 0.265 points to trade at 15.075 in late trade. Allianz SE VNA O.N. (DE:ALVG) declined 1.37% or 1.750 points to end at 126.450 and Prosiebensat 1 Media AG (DE:PSMGn) shed 1.34% or 0.540 points to 39.705.

The top performers on the MDAX were Hugo Boss AG NA O.N. (DE:BOSSn) which rose 7.44% to 56.140, Evonik Industries AG (DE:EVKn) which was up 4.86% to settle at 29.010 and Norma Group AG NA O.N. (DE:NOEJ) which gained 4.13% to close at 48.740.

The worst performers were Rheinmetall AG (DE:RHMG) which was down 1.00% to 63.360 in late trade, Fraport AG (DE:FRAG) which lost 0.32% to settle at 48.150 and Steinhoff International Holdings NV (DE:SNHG) which was down 0.19% to 5.80 at the close.

The top performers on the TecDAX were Slm Solution G (DE:AM3D) which rose 6.06% to 25.11, Adva Optical Networking SE (DE:ADAG) which was up 4.52% to settle at 7.879 and Siltronic AG (DE:WAFGn) which gained 3.91% to close at 15.800.

The worst performers were SMA Solar Technology AG (DE:S92G) which was down 6.12% to 40.835 in late trade, Suess Microtec NA O.N. (DE:SMHNn) which lost 1.69% to settle at 6.063 and Pfeiffer Vacuum Technology O.N. (DE:PV) which was down 1.03% to 83.690 at the close.

Advancing stocks outnumbered falling ones by 664 to 232 and 14 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 17.92.

In commodities trading, Gold for December delivery was down 1.66% or 22.65 to $1344.75 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.91% or 0.38 to hit $41.55 a barrel, while the October Brent oil contract fell 0.95% or 0.42 to trade at $43.87 a barrel.

EUR/USD was down 0.41% to 1.1084, while EUR/GBP fell 0.11% to 0.8482.

The US Dollar Index was up 0.49% at 96.22.

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