Defence stock jumps after receiving order for gun stand assemblies from defence firm
Investing.com – Germany equities were higher at the close on Monday, as gains in the DAX Industrial, DAX Technology and DAX Chemicals sectors led shares higher.
At the close in Frankfurt, the DAX rose 1.56%, while the MDAX index added 1.64%, and the TecDAX index gained 1.40%.
The biggest gainers of the session on the DAX were Rheinmetall AG (ETR:RHMG), which rose 3.28% or 58.50 points to trade at 1,842.00 at the close. Siemens AG Class N (ETR:SIEGn) added 2.99% or 6.35 points to end at 218.65 and Heidelberg Materials AG (ETR:HEIG) was up 2.79% or 5.00 points to 184.00 in late trade.
Biggest losers included Porsche Automobil Holding SE (ETR:PSHG_p), which fell 3.26% or 1.19 points to trade at 35.29 in late trade. Fresenius SE & Co KGAA O.N. (ETR:FREG) declined 0.07% or 0.03 points to end at 43.12 and Beiersdorf AG O.N. (ETR:BEIG) up 0.29% or 0.35 points to 120.80.
The top performers on the MDAX were Thyssenkrupp AG O.N. (ETR:TKAG) which rose 8.76% to 9.39, RENK Group AG (ETR:R3NK) which was up 3.92% to settle at 71.81 and Bechtle AG (ETR:BC8G) which gained 3.68% to close at 39.98.
The worst performers were K+S AG (ETR:SDFGn) which was down 0.75% to 15.89 in late trade, CTS Eventim AG (ETR:EVDG) which lost 0.66% to settle at 105.90 and Freenet AG NA (ETR:FNTGn) which was down 0.20% to 29.30 at the close.
The top performers on the TecDAX were SUSS MicroTec SE (ETR:SMHNn) which rose 5.20% to 38.00, Bechtle AG (ETR:BC8G) which was up 3.68% to settle at 39.98 and Formycon AG (ETR:FYB) which gained 3.60% to close at 23.05.
The worst performers were Freenet AG NA (ETR:FNTGn) which was down 0.20% to 29.30 in late trade, CompuGroup Medical AG O.N. (ETR:COP1n) which lost 0.18% to settle at 22.04 and United Internet AG NA (ETR:UTDI) which was up 0.18% to 22.86 at the close.
Rising stocks outnumbered declining ones by 468 to 141 and 23 ended unchanged on the Frankfurt Stock Exchange.
Shares in Rheinmetall AG (ETR:RHMG) rose to all time highs; gaining 3.28% or 58.50 to 1,842.00. Shares in RENK Group AG (ETR:R3NK) rose to all time highs; gaining 3.92% or 2.71 to 71.81.
The DAX New Volatility, which measures the implied volatility of DAX options, was up 22.07% to 23.37.
Gold Futures for August delivery was down 0.79% or 26.89 to $3,367.61 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.15% or 0.09 to hit $61.62 a barrel, while the August Brent oil contract rose 0.08% or 0.05 to trade at $64.26 a barrel.
EUR/USD was unchanged 0.13% to 1.14, while EUR/GBP unchanged 0.06% to 0.84.
The US Dollar Index Futures was down 0.09% at 98.92.