🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Germany shares higher at close of trade; DAX up 1.47%

Published 07/08/2024, 17:05
Updated 07/08/2024, 17:07
© Reuters.  Germany shares higher at close of trade; DAX up 1.47%
DE40
-
DX
-
GC
-
LCO
-
CL
-
MDAXI
-
TECDAX
-

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

At the close in Frankfurt, the DAX rose 1.47%, while the MDAX index climbed 0.83%, and the TecDAX index added 0.78%.

The biggest gainers of the session on the DAX were Continental AG O.N. (ETR:CONG), which rose 6.84% or 3.72 points to trade at 58.08 at the close. Bayer AG NA (ETR:BAYGN) added 3.16% or 0.80 points to end at 26.12 and RWE AG ST O.N. (ETR:RWEG) was up 3.00% or 0.93 points to 31.93 in late trade.

Biggest losers included Commerzbank AG O.N. (ETR:CBKG), which lost 3.72% or 0.49 points to trade at 12.69 in late trade. Beiersdorf AG O.N. (ETR:BEIG) declined 2.28% or 3.00 points to end at 128.40 and Covestro AG (ETR:1COV) shed 0.52% or 0.28 points to 53.32.

The top performers on the MDAX were HelloFresh SE (ETR:HFGG) which rose 7.04% to 5.45, Rational AG (ETR:RAAG) which was up 5.60% to settle at 867.50 and United Internet AG NA (ETR:UTDI) which gained 5.28% to close at 17.36.

The worst performers were Evotec AG O.N. (ETR:EVTG) which was down 34.63% to 5.45 in late trade, Puma SE (ETR:PUMG) which lost 10.81% to settle at 36.96 and Fraport AG (ETR:FRAG) which was down 3.00% to 44.62 at the close.

The top performers on the TecDAX were Suess Microtec NA O.N. (ETR:SMHNn) which rose 8.64% to 55.30, United Internet AG NA (ETR:UTDI) which was up 5.28% to settle at 17.36 and Siltronic AG (ETR:WAFGn) which gained 5.22% to close at 73.55.

The worst performers were Evotec AG O.N. (ETR:EVTG) which was down 34.63% to 5.45 in late trade, Kontron AG (ETR:KTN) which lost 4.60% to settle at 16.79 and Carl Zeiss Meditec AG (ETR:AFXG) which was down 2.76% to 61.65 at the close.

Advancing stocks outnumbered falling ones by 474 to 138 and 33 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 10.91% to 23.53.

In commodities trading, Gold Futures for December delivery was up 0.13% or 3.25 to $2,434.85 a troy ounce. Meanwhile, Crude oil for delivery in September rose 3.18% or 2.33 to hit $75.53 a barrel, while the October Brent oil contract rose 2.75% or 2.10 to trade at $78.58 a barrel.

EUR/USD was unchanged 0.06% to 1.09, while EUR/GBP unchanged 0.20% to 0.86.

The US Dollar Index Futures was up 0.23% at 102.99.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.