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Germany shares higher at close of trade; DAX up 0.99%

Published 01/07/2019, 18:15
Updated 01/07/2019, 18:15
© Reuters.  Germany shares higher at close of trade; DAX up 0.99%

© Reuters. Germany shares higher at close of trade; DAX up 0.99%

Investing.com – Germany equities were higher at the close on Monday, as gains in the Technology, Media and Software sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 0.99% to hit a new 6-month high, while the MDAX index climbed 0.61%, and the TecDAX index climbed 1.46%.

The biggest gainers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 4.18% or 0.650 points to trade at 16.200 at the close. Wirecard AG (DE:WDIG) added 3.24% or 4.800 points to end at 152.850 and Deutsche Boerse AG (DE:DB1Gn) was up 2.81% or 3.500 points to 127.900 in late trade.

Biggest losers included Continental AG O.N. (DE:CONG), which lost 0.69% or 0.88 points to trade at 127.34 in late trade. Deutsche Lufthansa AG (DE:LHAG) declined 0.60% or 0.090 points to end at 14.980 and Deutsche Bank AG NA O.N. (DE:DBKGn) shed 0.37% or 0.025 points to 6.755.

The top performers on the MDAX were Nemetschek AG O.N. (DE:NEKG) which rose 5.85% to 56.050, Dialog Semiconductor (DE:DLGS) which was up 4.06% to settle at 36.900 and Duerr AG (DE:DUEG) which gained 3.97% to close at 31.160.

The worst performers were Rocket Internet (DE:RKET) which was down 2.92% to 24.62 in late trade, Leoni AG (DE:LEOGn) which lost 2.34% to settle at 14.195 and Stroeer SE (DE:SAXG) which was down 1.89% to 64.800 at the close.

The top performers on the TecDAX were Nemetschek AG O.N. (DE:NEKG) which rose 5.85% to 56.050, Infineon Technologies AG NA O.N. (DE:IFXGn) which was up 4.18% to settle at 16.200 and Dialog Semiconductor (DE:DLGS) which gained 4.06% to close at 36.9000.

The worst performers were SLM Solutions Group AG (DE:AM3D) which was down 4.57% to 12.12 in late trade, Medigene NA O.N. (DE:MDG1k) which lost 1.41% to settle at 7.320 and Xing AG (DE:OBCGn) which was down 1.20% to 371.00 at the close.

Advancing stocks outnumbered falling ones by 476 to 215 and 62 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 7.83% to 13.54 a new 1-month low.

In commodities trading, Gold Futures for August delivery was down 1.71% or 24.15 to $1389.55 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.03% or 0.02 to hit $58.45 a barrel, while the September Brent oil contract fell 0.28% or 0.18 to trade at $64.56 a barrel.

EUR/USD was down 0.68% to 1.1291, while EUR/GBP fell 0.26% to 0.8933.

The US Dollar Index Futures was up 0.72% at 96.357.

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