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Germany shares higher at close of trade; DAX up 1.70%

Published 03-04-2019, 10:45 pm
© Reuters.  Germany shares higher at close of trade; DAX up 1.70%
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Investing.com – Germany equities were higher at the close on Wednesday, as gains in the Technology, Chemicals and Transportation & Logistics sectors propelled shares higher.

At the close in Frankfurt, the DAX added 1.70% to hit a new 3-month high, while the MDAX index gained 1.62%, and the TecDAX index gained 1.93%.

The biggest gainers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 4.39% or 0.828 points to trade at 19.676 at the close. Covestro AG (DE:1COV) added 3.64% or 1.860 points to end at 53.020 and BASF SE NA O.N. (DE:BASFN) was up 3.26% or 2.190 points to 69.370 in late trade.

Biggest losers included Merck KGaA (DE:MRCG), which lost 0.20% or 0.20 points to trade at 101.10 in late trade. Beiersdorf AG O.N. (DE:BEIG) declined 0.17% or 0.160 points to end at 93.060 and Wirecard AG (DE:WDIG) gained 0.09% or 0.100 points to 108.100.

The top performers on the MDAX were United Internet AG NA (DE:UTDI) which rose 6.21% to 35.580, Wacker Chemie O.N. (DE:WCHG) which was up 6.04% to settle at 81.29 and Prosiebensat 1 Media AG (DE:PSMGn) which gained 5.62% to close at 13.7150.

The worst performers were Deutsche Wohnen AG (DE:DWNG) which was down 1.16% to 42.430 in late trade, Carl Zeiss Meditec AG (DE:AFXG) which lost 1.01% to settle at 73.850 and Tag Immobilien AG (DE:TEGG) which was down 0.46% to 21.760 at the close.

The top performers on the TecDAX were United Internet AG NA (DE:UTDI) which rose 6.21% to 35.580, SMA Solar Technology AG (DE:S92G) which was up 5.79% to settle at 20.280 and Drillisch AG (DE:DRIG) which gained 5.26% to close at 34.000.

The worst performers were SLM Solutions Group AG (DE:AM3D) which was down 3.37% to 9.47 in late trade, Carl Zeiss Meditec AG (DE:AFXG) which lost 1.01% to settle at 73.850 and Wirecard AG (DE:WDIG) which was up 0.09% to 108.100 at the close.

Advancing stocks outnumbered falling ones by 498 to 195 and 86 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 3.56% to 14.37.

In commodities trading, Gold Futures for June delivery was down 0.01% or 0.15 to $1295.25 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.38% or 0.24 to hit $62.34 a barrel, while the June Brent oil contract fell 0.53% or 0.37 to trade at $69.00 a barrel.

EUR/USD was up 0.39% to 1.1246, while EUR/GBP rose 0.09% to 0.8536.

The US Dollar Index Futures was down 0.35% at 96.583.

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