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Germany shares higher at close of trade; DAX up 1.00%

Published 07/05/2018, 17:15
© Reuters.  Germany shares higher at close of trade; DAX up 1.00%
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Investing.com – Germany equities were higher at the close on Monday, as gains in the Technology, Chemicals and Food & Beverages sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 1.00% to hit a new 3-month high, while the MDAX index climbed 1.15%, and the TecDAX index added 2.13%.

The biggest gainers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 3.48% or 0.790 points to trade at 23.520 at the close. Linde AG 1 (DE:LIN1) added 3.38% or 6.2500 points to end at 190.9500 and Covestro AG (DE:1COV) was up 2.28% or 1.700 points to 76.240 in late trade.

Biggest losers included Heidelbergcement AG O.N. (DE:HEIG), which lost 0.38% or 0.320 points to trade at 83.680 in late trade. Bayerische Motoren Werke AG (DE:BMWG) unchanged 0.00% or 0.000 points to end at 91.560 and Deutsche Bank AG NA O.N. (DE:DBKGn) gained 0.05% or 0.006 points to 11.526.

The top performers on the MDAX were Norma Group AG NA O.N. (DE:NOEJ) which rose 7.41% to 66.650, Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which was up 3.03% to settle at 45.600 and Evonik Industries AG (DE:EVKn) which gained 2.56% to close at 30.390.

The worst performers were Stroeer SE (DE:SAXG) which was down 3.21% to 61.850 in late trade, Zalando SE (DE:ZALG) which lost 1.00% to settle at 43.65 and Rocket Internet (DE:RKET) which was down 0.67% to 23.86 at the close.

The top performers on the TecDAX were S&T AG (F:SANT1) which rose 6.82% to 23.180, RIB Software AG Na (DE:RIB) which was up 5.30% to settle at 21.460 and Aixtron SE (DE:AIXGn) which gained 5.02% to close at 13.185.

The worst performers were Medigene NA O.N. (DE:MDG1k) which was down 1.66% to 13.600 in late trade, Pfeiffer Vacuum Technology O.N. (DE:PV) which lost 0.84% to settle at 152.90 and CompuGroup Medical AG O.N. (DE:COPMa) which was down 0.42% to 43.020 at the close.

Advancing stocks outnumbered falling ones by 501 to 205 and 66 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.10% to 14.65 a new 3-month low.

In commodities trading, Gold Futures for June delivery was down 0.05% or 0.70 to $1314.00 a troy ounce. Meanwhile, Crude oil for delivery in June rose 1.23% or 0.86 to hit $70.58 a barrel, while the July Brent oil contract rose 1.67% or 1.25 to trade at $76.12 a barrel.

EUR/USD was down 0.29% to 1.1926, while EUR/GBP fell 0.55% to 0.8792.

The US Dollar Index Futures was up 0.16% at 92.57.

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