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Germany shares higher at close of trade; DAX up 2.90%

Published 05/04/2018, 17:15
Updated 05/04/2018, 17:15
© Reuters.  Germany shares higher at close of trade; DAX up 2.90%

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

At the close in Frankfurt, the DAX rose 2.90%, while the MDAX index added 2.17%, and the TecDAX index added 3.61%.

The biggest gainers of the session on the DAX were Fresenius SE & Co KGAA O.N. (DE:FREG), which rose 4.58% or 2.800 points to trade at 63.940 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) added 4.41% or 0.492 points to end at 11.660 and Thyssenkrupp AG O.N. (DE:TKAG) was up 4.33% or 0.910 points to 21.920 in late trade.

Biggest losers included E.ON SE NA (DE:EONGn), which added 0.54% or 0.049 points to trade at 9.064 in late trade. RWE AG ST O.N. (DE:RWEG) added 0.60% or 0.120 points to end at 20.100 and Vonovia SE (DE:VNAn) gained 0.85% or 0.34 points to 40.24.

The top performers on the MDAX were Salzgitter AG (DE:SZGG) which rose 4.53% to 41.760, Aurubis AG (DE:NAFG) which was up 4.36% to settle at 69.400 and Wacker Chemie O.N. (DE:WCHG) which gained 4.10% to close at 139.55.

The worst performers were Uniper SE (DE:UN01) which was down 0.38% to 23.770 in late trade, Innogy SE (DE:IGY) which lost 0.13% to settle at 38.200 and Deutsche Wohnen AG (DE:DWNG) which was up 0.13% to 37.980 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 17.47% to 9.334, Wirecard AG (DE:WDIG) which was up 6.59% to settle at 99.040 and Xing AG (DE:OBCGn) which gained 6.28% to close at 245.50.

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The worst performers were RIB Software AG Na (DE:RIB) which was down 0.83% to 19.180 in late trade, SLM Solutions Group AG (DE:AM3D) which lost 0.63% to settle at 31.30 and Adva Optical Networking SE (DE:ADAG) which was down 0.16% to 4.990 at the close.

Advancing stocks outnumbered falling ones by 596 to 108 and 65 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 11.52% to 18.00.

In commodities trading, Gold Futures for June delivery was down 0.85% or 11.40 to $1328.80 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.57% or 0.36 to hit $63.73 a barrel, while the June Brent oil contract rose 0.66% or 0.45 to trade at $68.47 a barrel.

EUR/USD was down 0.33% to 1.2237, while EUR/GBP rose 0.23% to 0.8741.

The US Dollar Index Futures was up 0.43% at 90.17.

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