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Germany shares higher at close of trade; DAX up 0.48%

Published 31/07/2024, 17:05
© Reuters.  Germany shares higher at close of trade; DAX up 0.48%
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Investing.com – Germany equities were higher at the close on Wednesday, as gains in the Industrials, Software and Food & Beverages sectors propelled shares higher.

At the close in Frankfurt, the DAX rose 0.48%, while the MDAX index climbed 0.48%, and the TecDAX index gained 0.34%.

The biggest gainers of the session on the DAX were Siemens Energy AG (ETR:ENR1n), which rose 5.90% or 1.50 points to trade at 26.91 at the close. Airbus Group SE (ETR:AIRG) added 4.84% or 6.46 points to end at 140.02 and Fresenius SE & Co KGAA O.N. (ETR:FREG) was up 4.04% or 1.29 points to 33.19 in late trade.

Biggest losers included Siemens Healthineers AG (ETR:SHLG), which lost 6.71% or 3.57 points to trade at 49.63 in late trade. Adidas AG (ETR:ADSGN) declined 2.24% or 5.30 points to end at 231.30 and Zalando SE (ETR:ZALG) shed 1.45% or 0.35 points to 23.71.

The top performers on the MDAX were TeamViewer AG (ETR:TMV) which rose 13.15% to 12.48, Traton SE (ETR:8TRA) which was up 3.18% to settle at 29.20 and Nemetschek AG O.N. (ETR:NEKG) which gained 2.55% to close at 88.35.

The worst performers were Kion Group AG (ETR:KGX) which was down 6.58% to 36.62 in late trade, Redcare Pharmacy NV (ETR:RDC) which lost 4.61% to settle at 138.60 and Krones AG O.N. (ETR:KRNG) which was down 2.34% to 125.20 at the close.

The top performers on the TecDAX were TeamViewer AG (ETR:TMV) which rose 13.15% to 12.48, Suess Microtec NA O.N. (ETR:SMHNn) which was up 5.71% to settle at 62.90 and Sartorius AG VZO O.N. (ETR:SATG_p) which gained 3.96% to close at 262.70.

The worst performers were Siemens Healthineers AG (ETR:SHLG) which was down 6.71% to 49.63 in late trade, 11 AG (ETR:1U1) which lost 1.72% to settle at 14.88 and Energiekontor AG (ETR:EKTG) which was down 1.51% to 65.10 at the close.

Advancing stocks outnumbered falling ones by 344 to 258 and 37 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.69% to 15.29.

In commodities trading, Gold Futures for December delivery was up 0.66% or 16.30 to $2,468.20 a troy ounce. Meanwhile, Crude oil for delivery in September rose 3.55% or 2.65 to hit $77.38 a barrel, while the October Brent oil contract rose 3.05% or 2.38 to trade at $80.45 a barrel.

EUR/USD was unchanged 0.02% to 1.08, while EUR/GBP unchanged 0.02% to 0.84.

The US Dollar Index Futures was down 0.35% at 103.95.

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