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Germany shares higher at close of trade; DAX up 0.83%

Published 22/11/2024, 17:05
© Reuters.  Germany shares higher at close of trade; DAX up 0.83%
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Investing.com – Germany equities were higher at the close on Friday, as gains in the Retail, Technology and Financial Services sectors propelled shares higher.

At the close in Frankfurt, the DAX added 0.83%, while the MDAX index climbed 1.14%, and the TecDAX index added 1.12%.

The biggest gainers of the session on the DAX were Zalando SE (ETR:ZALG), which rose 6.36% or 1.76 points to trade at 29.43 at the close. Vonovia SE (ETR:VNAn) added 4.76% or 1.37 points to end at 30.18 and Brenntag AG (ETR:BNRGn) was up 4.41% or 2.56 points to 60.64 in late trade.

Biggest losers included Deutsche Bank AG NA O.N. (ETR:DBKGn), which lost 2.86% or 0.46 points to trade at 15.55 in late trade. Commerzbank AG O.N. (ETR:CBKG) declined 1.54% or 0.24 points to end at 15.35 and Airbus Group SE (ETR:AIRG) shed 1.13% or 1.58 points to 137.88.

The top performers on the MDAX were Tag Immobilien AG (ETR:TEGG) which rose 5.99% to 15.21, LEG Immobilien AG (ETR:LEGn) which was up 5.78% to settle at 87.80 and Gerresheimer AG (ETR:GXIG) which gained 4.83% to close at 73.85.

The worst performers were Thyssenkrupp AG O.N. (ETR:TKAG) which was down 2.16% to 3.80 in late trade, Wacker Chemie O.N. (ETR:WCHG) which lost 1.61% to settle at 70.90 and Bilfinger SE O.N. (ETR:GBFG) which was down 1.01% to 44.30 at the close.

The top performers on the TecDAX were Eckert & Ziegler AG O.N. (ETR:EUZG) which rose 7.84% to 39.88, SMA Solar Technology AG (ETR:S92G) which was up 3.85% to settle at 11.86 and Sartorius AG VZO O.N. (ETR:SATG_p) which gained 3.48% to close at 211.10.

The worst performers were Evotec AG O.N. (ETR:EVTG) which was down 15.59% to 8.50 in late trade, Cancom SE O.N. (ETR:COKG) which lost 3.67% to settle at 23.10 and Nagarro SE (ETR:NA9n) which was down 1.93% to 93.85 at the close.

Advancing stocks outnumbered falling ones by 437 to 194 and 27 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 7.34% to 17.05.

In commodities trading, Gold Futures for December delivery was up 1.21% or 32.25 to $2,707.15 a troy ounce. Meanwhile, Crude oil for delivery in January rose 1.23% or 0.86 to hit $70.96 a barrel, while the January Brent oil contract rose 1.00% or 0.74 to trade at $74.97 a barrel.

EUR/USD was down 0.67% to 1.04, while EUR/GBP unchanged 0.13% to 0.83.

The US Dollar Index Futures was up 0.62% at 107.59.

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