Germany shares higher at close of trade; DAX up 0.85%

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Germany shares higher at close of trade; DAX up 0.85%
Credit: © Reuters. – Germany equities were higher at the close on Friday, as gains in the Technology , Telecoms and Insurance sectors propelled shares higher.

At the close in Frankfurt, the DAX added 0.85% to hit a new 3-month high, while the MDAX index added 0.50%, and the TecDAX index gained 0.55%.

The biggest gainers of the session on the DAX were Infineon Technologies AG NA O.N. (DE: IFXGn ), which rose 3.97% or 0.755 points to trade at 19.795 at the close. SAP SE (DE: SAPG ) added 2.42% or 2.350 points to end at 99.350 and Muench. Rueckvers. VNA O.N. (DE: MUVGn ) was up 2.41% or 5.10 points to 216.60 in late trade.

Biggest losers included Wirecard AG (DE: WDIG ), which lost 10.11% or 11.725 points to trade at 104.225 in late trade. Merck KGaA (DE: MRCG ) declined 2.03% or 2.04 points to end at 98.36 and Deutsche Lufthansa AG (DE: LHAG ) shed 1.22% or 0.260 points to 21.130.

The top performers on the MDAX were Sartorius AG VZO O.N. (DE: SATG_p ) which rose 2.74% to 149.900, Schaeffler AG Pref (DE: SHA_p ) which was up 2.74% to settle at 7.42 and Software AG (DE: SOWGn ) which gained 2.64% to close at 32.700.

The worst performers were Salzgitter AG (DE: SZGG ) which was down 4.25% to 26.610 in late trade, Aareal Bank AG (DE: ARLG ) which lost 2.62% to settle at 28.660 and Alstria Office Reit-Ag (DE: AOXG ) which was down 1.38% to 13.610 at the close.

The top performers on the TecDAX were Isra Vision O.N. (DE: ISRG ) which rose 4.41% to 35.50, Infineon Technologies AG NA O.N. (DE: IFXGn ) which was up 3.97% to settle at 19.795 and Sartorius AG VZO O.N. (DE: SATG_p ) which gained 2.74% to close at 149.900.

The worst performers were Wirecard AG (DE: WDIG ) which was down 10.11% to 104.225 in late trade, Nordex SE O.N. (DE: NDXG ) which lost 3.84% to settle at 12.260 and SLM Solutions Group AG (DE: AM3D ) which was down 2.27% to 6.45 at the close.

Advancing stocks outnumbered falling ones by 443 to 256 and 83 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 7.71% to 13.41 a new 6-month low.

In commodities trading, Gold Futures for April delivery was up 0.52% or 6.75 to $1301.85 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.24% or 0.14 to hit $58.47 a barrel, while the May Brent oil contract fell 0.04% or 0.03 to trade at $67.20 a barrel.

EUR/USD was up 0.16% to 1.1321, while EUR/GBP fell 0.13% to 0.8522.

The US Dollar Index Futures was down 0.20% at 96.580.

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