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Germany shares higher at close of trade; DAX up 0.38%

Published 06-06-2024, 09:35 pm
Updated 06-06-2024, 09:37 pm
© Reuters.  Germany shares higher at close of trade; DAX up 0.38%
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Investing.com – Germany equities were higher at the close on Thursday, as gains in the DAX Software, DAX Food & Beverage and DAX Media sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.38%, while the MDAX index added 0.16%, and the TecDAX index climbed 0.82%.

The biggest gainers of the session on the DAX were SAP SE (ETR:SAPG), which rose 3.61% or 6.20 points to trade at 177.72 at the close. Commerzbank AG O.N. (ETR:CBKG) added 3.14% or 0.47 points to end at 15.28 and Fresenius SE & Co KGAA O.N. (ETR:FREG) was up 2.43% or 0.72 points to 30.36 in late trade.

Biggest losers included Siemens Energy AG (ETR:ENR1n), which fell 2.93% or 0.70 points to trade at 23.20 in late trade. Vonovia SE (ETR:VNAn) declined 1.94% or 0.57 points to end at 28.76 and Covestro AG (ETR:1COV) down 1.87% or 0.90 points to 47.20.

The top performers on the MDAX were Nemetschek AG O.N. (ETR:NEKG) which rose 6.19% to 96.90, Befesa SA (ETR:BFSA) which was up 2.67% to settle at 33.80 and United Internet AG NA (ETR:UTDI) which gained 2.29% to close at 23.24.

The worst performers were Aroundtown Property Holdings PLC (ETR:AT1) which was down 6.39% to 2.08 in late trade, Nordex SE O.N. (ETR:NDXG) which lost 3.54% to settle at 13.91 and LEG Immobilien AG (ETR:LEGn) which was down 3.17% to 80.52 at the close.

The top performers on the TecDAX were Nemetschek AG O.N. (ETR:NEKG) which rose 6.19% to 96.90, SAP SE (ETR:SAPG) which was up 3.61% to settle at 177.72 and United Internet AG NA (ETR:UTDI) which gained 2.29% to close at 23.24.

The worst performers were Cancom SE O.N. (ETR:COKG) which was down 4.49% to 29.76 in late trade, Nordex SE O.N. (ETR:NDXG) which lost 3.54% to settle at 13.91 and 11 AG (ETR:1U1) which was down 2.23% to 17.50 at the close.

Rising stocks outnumbered declining ones by 330 to 296 and 35 ended unchanged on the Frankfurt Stock Exchange.

Shares in Nemetschek AG O.N. (ETR:NEKG) rose to 52-week highs; rising 6.19% or 5.65 to 96.90. Shares in Nemetschek AG O.N. (ETR:NEKG) rose to 52-week highs; up 6.19% or 5.65 to 96.90.

The DAX New Volatility, which measures the implied volatility of DAX options, was down 3.90% to 13.63.

Gold Futures for August delivery was up 0.69% or 16.50 to $2,392.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 2.03% or 1.50 to hit $75.57 a barrel, while the August Brent oil contract rose 1.87% or 1.47 to trade at $79.88 a barrel.

EUR/USD was unchanged 0.13% to 1.09, while EUR/GBP unchanged 0.20% to 0.85.

The US Dollar Index Futures was down 0.01% at 104.21.

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