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Germany shares higher at close of trade; DAX up 0.21%

Published 29/05/2017, 17:15
Updated 29/05/2017, 17:15
© Reuters.  Germany shares higher at close of trade; DAX up 0.21%

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

At the close in Frankfurt, the DAX gained 0.21%, while the MDAX index gained 0.29%, and the TecDAX index climbed 0.02%.

The biggest gainers of the session on the DAX were BASF SE NA O.N. (DE:BASFN), which rose 1.00% or 0.840 points to trade at 84.700 at the close. Muench. Rueckvers. VNA O.N. (DE:MUVGn) added 0.90% or 1.55 points to end at 174.15 and Prosiebensat 1 Media AG (DE:PSMGn) was up 0.68% or 0.260 points to 38.265 in late trade.

Biggest losers included Volkswagen AG VZO O.N. (DE:VOWG_p), which lost 0.47% or 0.65 points to trade at 137.30 in late trade. Fresenius Medical Care KGAA ST (DE:FMEG) declined 0.45% or 0.380 points to end at 83.200 and Lufthansa AG VNA O.N. (DE:LHAG) shed 0.41% or 0.070 points to 17.020.

The top performers on the MDAX were Lanxess AG (DE:LXSG) which rose 6.67% to 67.480, Deutsche Pfandbriefbank AG (DE:PBBG) which was up 2.87% to settle at 12.88 and Hugo Boss AG NA O.N. (DE:BOSSn) which gained 1.88% to close at 66.730.

The worst performers were Aurubis AG (DE:NAFG) which was down 1.89% to 68.990 in late trade, Hella KGaA Hueck & Co (DE:HLE) which lost 1.17% to settle at 45.45 and Zalando SE (DE:ZALG) which was down 0.80% to 42.28 at the close.

The top performers on the TecDAX were Pfeiffer Vacuum Technology O.N. (DE:PV) which rose 1.88% to 127.15, SMA Solar Technology AG (DE:S92G) which was up 1.88% to settle at 24.680 and GFT Technologies AG (DE:GFTG) which gained 1.00% to close at 20.665.

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The worst performers were Xing AG (DE:OBCGn) which was down 1.67% to 229.60 in late trade, Jenoptik AG (DE:JENG) which lost 1.42% to settle at 24.980 and Draegerwerk VZO O.N. (DE:DRWG_p) which was down 0.87% to 102.500 at the close.

Advancing stocks outnumbered falling ones by 417 to 313 and 31 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.26% to 13.60.

In commodities trading, Gold Futures for June delivery was down 0.12% or 1.48 to $1266.62 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.78% or 0.39 to hit $50.19 a barrel, while the August Brent oil contract rose 0.63% or 0.33 to trade at $52.84 a barrel.

EUR/USD was down 0.02% to 1.1179, while EUR/GBP fell 0.35% to 0.8701.

The US Dollar Index Futures was down 0.05% at 97.28.

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