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

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.