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Germany shares higher at close of trade; DAX up 0.71%

Published 03/07/2019, 18:15
Updated 03/07/2019, 18:15
© Reuters.  Germany shares higher at close of trade; DAX up 0.71%

Investing.com – Germany equities were higher at the close on Wednesday, as gains in the Financial Services, Media and Utilities sectors propelled shares higher.

At the close in Frankfurt, the DAX rose 0.71% to hit a new 6-month high, while the MDAX index added 1.19%, and the TecDAX index added 0.89%.

The biggest gainers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 2.76% or 1.19 points to trade at 44.31 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) added 2.67% or 0.180 points to end at 6.932 and Bayerische Motoren Werke AG (DE:BMWG) was up 1.96% or 1.280 points to 66.610 in late trade.

Biggest losers included Continental AG O.N. (DE:CONG), which lost 1.60% or 2.00 points to trade at 122.90 in late trade. Infineon Technologies AG NA O.N. (DE:IFXGn) declined 0.89% or 0.144 points to end at 15.972 and Covestro AG (DE:1COV) shed 0.73% or 0.320 points to 43.810.

The top performers on the MDAX were Osram Licht AG (DE:OSRn) which rose 11.51% to 32.25, Stroeer SE (DE:SAXG) which was up 6.12% to settle at 68.500 and Fielmann AG (DE:FIEG) which gained 4.16% to close at 66.300.

The worst performers were Siltronic AG (DE:WAFGn) which was down 5.36% to 62.500 in late trade, Duerr AG (DE:DUEG) which lost 3.39% to settle at 29.660 and Norma Group AG NA O.N. (DE:NOEJ) which was down 1.97% to 34.800 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 15.80% to 14.220, SLM Solutions Group AG (DE:AM3D) which was up 9.60% to settle at 13.70 and RIB Software AG Na (DE:RIB) which gained 3.00% to close at 18.540.

The worst performers were Siltronic AG (DE:WAFGn) which was down 5.36% to 62.500 in late trade, Jenoptik AG (DE:JENGn) which lost 1.81% to settle at 27.050 and Medigene NA O.N. (DE:MDG1k) which was down 1.39% to 7.075 at the close.

Advancing stocks outnumbered falling ones by 465 to 203 and 86 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.23% to 12.71 a new 1-month low.

In commodities trading, Gold Futures for August delivery was up 0.93% or 13.05 to $1421.05 a troy ounce. Meanwhile, Crude oil for delivery in August rose 1.10% or 0.62 to hit $56.87 a barrel, while the September Brent oil contract rose 1.63% or 1.02 to trade at $63.42 a barrel.

EUR/USD was down 0.04% to 1.1279, while EUR/GBP rose 0.17% to 0.8973.

The US Dollar Index Futures was up 0.06% at 96.330.

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