Germany shares higher at close of trade; DAX up 0.04%

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Germany shares higher at close of trade; DAX up 0.04%
Credit: © Reuters. – Germany equities were higher at the close on Wednesday, as gains in the Basic Resources , Utilities and Construction sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 0.04% to hit a new 1-month high, while the MDAX index added 0.56%, and the TecDAX index climbed 0.60%.

The biggest gainers of the session on the DAX were RWE AG ST O.N. (DE: RWEG ), which rose 2.89% or 0.610 points to trade at 21.690 at the close. Deutsche Post AG NA O.N. (DE: DPWGn ) added 1.48% or 0.550 points to end at 37.760 and Thyssenkrupp AG O.N. (DE: TKAG ) was up 1.41% or 0.320 points to 23.040 in late trade.

Biggest losers included Continental AG O.N. (DE: CONG ), which lost 4.05% or 9.20 points to trade at 217.80 in late trade. Commerzbank AG O.N. (DE: CBKG ) declined 1.73% or 0.188 points to end at 10.684 and Infineon Technologies AG NA O.N. (DE: IFXGn ) shed 1.22% or 0.270 points to 21.880.

The top performers on the MDAX were Steinhoff International Holdings NV (DE: SNHG ) which rose 7.95% to 0.18, Aurubis AG (DE: NAFG ) which was up 6.62% to settle at 74.420 and Salzgitter AG (DE: SZGG ) which gained 2.62% to close at 45.410.

The worst performers were Suedzucker AG (DE: SZUG ) which was down 2.44% to 13.995 in late trade, Osram Licht AG (F: OSRn ) which lost 1.73% to settle at 58.980 and Duerr AG (DE: DUEG ) which was down 1.62% to 88.800 at the close.

The top performers on the TecDAX were Adva Optical Networking SE (DE: ADAG ) which rose 7.52% to 6.150, RIB Software AG Na (DE: RIB ) which was up 4.68% to settle at 22.820 and S&T AG (F: SANT1 ) which gained 4.41% to close at 21.320.

The worst performers were Medigene NA O.N. (DE: MDG1k ) which was down 4.00% to 14.880 in late trade, Draegerwerk VZO O.N. (DE: DRWG_p ) which lost 3.55% to settle at 66.600 and Telefonica Deutschland Holding AG (DE: O2Dn ) which was down 2.93% to 3.782 at the close.

Advancing stocks outnumbered falling ones by 408 to 284 and 88 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 1.21% to 14.71 a new 1-month low.

In commodities trading, Gold Futures for June delivery was up 0.35% or 4.70 to $1354.20 a troy ounce. Meanwhile, Crude oil for delivery in May rose 1.97% or 1.31 to hit $67.83 a barrel, while the June Brent oil contract rose 1.70% or 1.22 to trade at $72.80 a barrel.

EUR/USD was up 0.06% to 1.2378, while EUR/GBP rose 0.55% to 0.8707.

The US Dollar Index Futures was up 0.12% at 89.33.

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