Germany shares higher at close of trade; DAX up 1.38%

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Germany shares higher at close of trade; DAX up 1.38%
Credit: © Reuters. – Germany equities were higher at the close on Wednesday, as gains in the Basic Resources , Pharmaceuticals & Healthcare and Industrials sectors propelled shares higher.

At the close in Frankfurt, the DAX added 1.38%, while the MDAX index gained 1.81%, and the TecDAX index climbed 1.63%.

The biggest gainers of the session on the DAX were Fresenius SE & Co KGAA O.N. (DE: FREG ), which rose 6.80% or 2.695 points to trade at 42.355 at the close. Deutsche Bank AG NA O.N. (DE: DBKGn ) added 6.10% or 0.453 points to end at 7.883 and RWE AG ST O.N. (DE: RWEG ) was up 3.19% or 0.595 points to 19.225 in late trade.

Biggest losers included Deutsche Boerse AG (DE: DB1Gn ), which lost 1.04% or 1.150 points to trade at 109.400 in late trade. Linde PLC (DE: LINI ) declined 0.92% or 1.300 points to end at 140.500 and Deutsche Post AG NA O.N. (DE: DPWGn ) shed 0.16% or 0.040 points to 25.240.

The top performers on the MDAX were Siltronic AG (DE: WAFGn ) which rose 7.55% to 77.500, Duerr AG (DE: DUEG ) which was up 6.01% to settle at 32.120 and Rheinmetall AG (DE: RHMG ) which gained 5.85% to close at 79.300.

The worst performers were Hugo Boss AG NA O.N. (DE: BOSSn ) which was down 2.95% to 57.300 in late trade, Zalando SE (DE: ZALG ) which lost 2.57% to settle at 25.45 and Axel Springer SE (DE: SPRGn ) which was down 1.54% to 51.200 at the close.

The top performers on the TecDAX were Steinhoff International Holdings NV (DE: SNHG ) which rose 19.29% to 0.12, Xing AG (DE: OBCGn ) which was up 7.46% to settle at 245.00 and SLM Solutions Group AG (DE: AM3D ) which gained 7.12% to close at 11.14.

The worst performers were DWS Group GmbH & Co KgaA (DE: DWSG ) which was down 0.68% to 24.21 in late trade, Krones AG O.N. (DE: KRNG ) which lost 0.54% to settle at 74.100 and Suedzucker AG (DE: SZUG ) which was down 0.49% to 12.310 at the close.

Advancing stocks outnumbered falling ones by 545 to 172 and 56 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 4.73% to 20.73.

In commodities trading, Gold Futures for February delivery was up 0.27% or 3.40 to $1250.60 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.79% or 0.41 to hit $52.06 a barrel, while the February Brent oil contract rose 1.01% or 0.61 to trade at $60.81 a barrel.

EUR/USD was up 0.42% to 1.1364, while EUR/GBP fell 0.90% to 0.8981.

The US Dollar Index Futures was down 0.36% at 97.007.

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