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Germany shares higher at close of trade; DAX up 1.83%

Published 26/07/2018, 17:15
© Reuters.  Germany shares higher at close of trade; DAX up 1.83%
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Investing.com – Germany equities were higher at the close on Thursday, as gains in the Transportation & Logistics, Industrials and Software sectors propelled shares higher.

At the close in Frankfurt, the DAX rose 1.83% to hit a new 1-month high, while the MDAX index climbed 0.96%, and the TecDAX index climbed 0.57%.

The biggest gainers of the session on the DAX were Bayerische Motoren Werke AG (DE:BMWG), which rose 4.42% or 3.530 points to trade at 83.390 at the close. Volkswagen AG VZO O.N. (DE:VOWG_p) added 3.96% or 5.78 points to end at 151.70 and Deutsche Lufthansa AG (DE:LHAG) was up 2.97% or 0.620 points to 21.490 in late trade.

Biggest losers included Linde AG 1 (DE:LIN1), which lost 0.95% or 2.0000 points to trade at 208.1000 in late trade. Deutsche Boerse AG (DE:DB1Gn) declined 0.82% or 0.950 points to end at 114.850 and Adidas AG (DE:ADSGN) shed 0.40% or 0.75 points to 187.85.

The top performers on the MDAX were Schaeffler AG Pref (DE:SHA_p) which rose 5.12% to 11.70, Duerr AG (DE:DUEG) which was up 4.47% to settle at 37.190 and Airbus Group SE (DE:AIRG) which gained 4.15% to close at 109.50.

The worst performers were Puma SE (DE:PUMG) which was down 8.64% to 433.50 in late trade, Norma Group AG NA O.N. (DE:NOEJ) which lost 7.44% to settle at 52.850 and Kion Group AG (DE:KGX) which was down 4.42% to 60.52 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which rose 6.04% to 35.440, Sartorius AG VZO O.N. (DE:SATG_p) which was up 4.14% to settle at 145.800 and Isra Vision O.N. (DE:ISRG) which gained 3.73% to close at 52.80.

The worst performers were SLM Solutions Group AG (DE:AM3D) which was down 9.91% to 25.90 in late trade, Telefonica Deutschland Holding AG (DE:O2Dn) which lost 5.52% to settle at 3.682 and Evotec AG O.N. (DE:EVTG) which was down 5.06% to 17.260 at the close.

Advancing stocks outnumbered falling ones by 479 to 215 and 86 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 11.20% to 14.80.

In commodities trading, Gold Futures for August delivery was down 0.50% or 6.20 to $1225.60 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.53% or 0.37 to hit $69.67 a barrel, while the September Brent oil contract rose 0.77% or 0.57 to trade at $74.50 a barrel.

EUR/USD was down 0.59% to 1.1659, while EUR/GBP fell 0.06% to 0.8887.

The US Dollar Index Futures was up 0.51% at 94.46.

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