Germany shares higher at close of trade; DAX up 1.25%

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Germany shares higher at close of trade; DAX up 1.25%
Credit: © Reuters. – Germany equities were higher at the close on Monday, as gains in the Technology , Media and Food & Beverages sectors propelled shares higher.

At the close in Frankfurt, the DAX added 1.25%, while the MDAX index climbed 1.33%, and the TecDAX index climbed 2.17%.

The biggest gainers of the session on the DAX were Infineon Technologies AG NA O.N. (DE: IFXGn ), which rose 6.26% or 1.010 points to trade at 17.150 at the close. Continental AG O.N. (DE: CONG ) added 5.62% or 7.65 points to end at 143.75 and Volkswagen AG VZO O.N. (DE: VOWG_p ) was up 4.68% or 6.40 points to 143.28 in late trade.

Biggest losers included Wirecard AG (DE: WDIG ), which lost 3.30% or 5.450 points to trade at 159.750 in late trade. Vonovia SE (DE: VNAn ) declined 1.28% or 0.52 points to end at 40.26 and SAP SE (DE: SAPG ) shed 0.49% or 0.455 points to 92.535.

The top performers on the MDAX were Schaeffler AG Pref (DE: SHA_p ) which rose 9.28% to 9.45, Drillisch AG (DE: DRIG ) which was up 8.61% to settle at 38.080 and Hella KGaA Hueck & Co (DE: HLE ) which gained 5.88% to close at 40.72.

The worst performers were Deutsche Wohnen AG (DE: DWNG ) which was down 1.12% to 40.520 in late trade, Deutsche Euroshop AG (DE: DEQGn ) which lost 1.24% to settle at 27.160 and Qiagen NV (DE: QIA ) which was down 0.90% to 29.7100 at the close.

The top performers on the TecDAX were Cancom SE O.N. (DE: COKG ) which rose 8.90% to 36.480, SMA Solar Technology AG (DE: S92G ) which was up 8.25% to settle at 19.820 and Infineon Technologies AG NA O.N. (DE: IFXGn ) which gained 6.26% to close at 17.150.

The worst performers were Steinhoff International Holdings NV (DE: SNHG ) which was unchanged 2.84% to 0.12 in late trade, Shop Apotheke Europe NV (DE: SAEG ) which lost 2.51% to settle at 42.700 and HelloFresh SE (DE: HFGG ) which was down 0.66% to 10.61 at the close.

Advancing stocks outnumbered falling ones by 527 to 176 and 25 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 12.38% to 23.79 a new 6-month high.

In commodities trading, Gold Futures for December delivery was unchanged 0.00% or 0.00 to $1232.50 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.84% or 0.57 to hit $67.02 a barrel, while the January Brent oil contract fell 0.45% or 0.35 to trade at $77.27 a barrel.

EUR/USD was down 0.06% to 1.1395, while EUR/GBP rose 0.12% to 0.8899.

The US Dollar Index Futures was up 0.20% at 96.32.

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