Germany shares higher at close of trade; DAX up 1.61%

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Germany shares higher at close of trade; DAX up 1.61%
Credit: © Reuters. – Germany equities were higher at the close on Wednesday, as gains in the Technology , Industrials and Consumer & Cyclical sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 1.61%, while the MDAX index climbed 1.31%, and the TecDAX index added 1.85%.

The biggest gainers of the session on the DAX were Covestro AG (DE: 1COV ), which rose 5.47% or 2.580 points to trade at 49.780 at the close. Infineon Technologies AG NA O.N. (DE: IFXGn ) added 4.70% or 0.795 points to end at 17.700 and Volkswagen AG VZO O.N. (DE: VOWG_p ) was up 4.53% or 6.60 points to 152.36 in late trade.

Biggest losers included Fresenius SE & Co KGAA O.N. (DE: FREG ), which lost 0.94% or 0.470 points to trade at 49.390 in late trade. Deutsche Post AG NA O.N. (DE: DPWGn ) declined 0.47% or 0.130 points to end at 27.800 and E.ON SE NA (DE: EONGn ) shed 0.37% or 0.034 points to 9.181.

The top performers on the MDAX were Siltronic AG (DE: WAFGn ) which rose 5.12% to 76.020, Drillisch AG (DE: DRIG ) which was up 4.43% to settle at 43.400 and Duerr AG (DE: DUEG ) which gained 4.34% to close at 31.010.

The worst performers were K+S AG NA O.N. (DE: SDFGn ) which was down 1.82% to 15.410 in late trade, Uniper SE (DE: UN01 ) which lost 1.06% to settle at 25.280 and Axel Springer SE (DE: SPRGn ) which was down 0.71% to 55.800 at the close.

The top performers on the TecDAX were Aixtron SE NA O.N. (DE: AIXGn ) which rose 8.32% to 9.3960, Tele Columbus AG (DE: TC1n ) which was up 6.57% to settle at 3.08 and Hornbach Holding VZO O.N. (DE: HBH ) which gained 6.40% to close at 53.200.

The worst performers were Draegerwerk VZO O.N. (DE: DRWG_p ) which was down 3.45% to 46.980 in late trade, SGL Carbon SE (DE: SGCG ) which lost 3.26% to settle at 8.610 and Indus Holding AG (DE: INHG ) which was down 2.74% to 40.800 at the close.

Advancing stocks outnumbered falling ones by 487 to 221 and 71 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 8.61% to 19.22.

In commodities trading, Gold Futures for December delivery was up 0.45% or 5.50 to $1226.70 a troy ounce. Meanwhile, Crude oil for delivery in January rose 3.93% or 2.10 to hit $55.53 a barrel, while the January Brent oil contract rose 2.56% or 1.60 to trade at $64.13 a barrel.

EUR/USD was up 0.15% to 1.1387, while EUR/GBP rose 0.30% to 0.8918.

The US Dollar Index Futures was down 0.09% at 96.632.

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