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Germany shares higher at close of trade; DAX up 0.65%

Published 25/05/2018, 17:15
Updated 25/05/2018, 17:15
© Reuters.  Germany shares higher at close of trade; DAX up 0.65%

Investing.com – Germany equities were higher at the close on Friday, as gains in the Financial Services, Software and Pharmaceuticals & Healthcare sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 0.65%, while the MDAX index climbed 0.62%, and the TecDAX index gained 0.84%.

The biggest gainers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 2.21% or 0.85 points to trade at 39.35 at the close. Merck KGaA (DE:MRCG) added 1.98% or 1.66 points to end at 85.36 and Covestro AG (DE:1COV) was up 1.79% or 1.380 points to 78.580 in late trade.

Biggest losers included E.ON SE NA (DE:EONGn), which lost 0.26% or 0.024 points to trade at 9.166 in late trade. Daimler AG NA O.N. (DE:DAIGn) declined 0.23% or 0.150 points to end at 65.070 and Heidelbergcement AG O.N. (DE:HEIG) shed 0.18% or 0.140 points to 78.860.

The top performers on the MDAX were CTS Eventim AG (DE:EVDG) which rose 3.41% to 41.800, Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which was up 2.57% to settle at 46.380 and Osram Licht AG (DE:OSRn) which gained 2.45% to close at 52.76.

The worst performers were Rocket Internet (DE:RKET) which was down 3.84% to 23.56 in late trade, Metro AG (DE:MEOG) which lost 0.98% to settle at 8.514 and Stroeer SE (DE:SAXG) which was down 0.95% to 57.600 at the close.

The top performers on the TecDAX were Evotec AG O.N. (DE:EVTG) which rose 3.81% to 15.140, Dialog Semiconductor (DE:DLGS) which was up 3.20% to settle at 19.530 and Carl Zeiss Meditec AG (DE:AFXG) which gained 2.99% to close at 60.250.

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The worst performers were SMA Solar Technology AG (DE:S92G) which was down 5.81% to 52.700 in late trade, Medigene NA O.N. (DE:MDG1k) which lost 3.71% to settle at 14.290 and Jenoptik AG (DE:JENG) which was down 0.77% to 36.200 at the close.

Advancing stocks outnumbered falling ones by 439 to 264 and 85 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 3.71% to 16.56.

In commodities trading, Gold Futures for June delivery was down 0.06% or 0.80 to $1303.60 a troy ounce. Meanwhile, Crude oil for delivery in July fell 4.19% or 2.96 to hit $67.75 a barrel, while the July Brent oil contract fell 3.38% or 2.66 to trade at $76.13 a barrel.

EUR/USD was down 0.44% to 1.1667, while EUR/GBP unchanged 0.00% to 0.8759.

The US Dollar Index Futures was up 0.38% at 94.08.

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