Germany shares higher at close of trade; DAX up 2.61%

Published 03-03-2025, 10:35 pm
Updated 03-03-2025, 10:38 pm
© Reuters.  Germany shares higher at close of trade; DAX up 2.61%

Investing.com – Germany equities were higher at the close on Monday, as gains in the DAX Industrial, DAX Telecom and DAX Insurance sectors led shares higher.

At the close in Frankfurt, the DAX rose 2.61% to hit a new all time high, while the MDAX index added 2.37%, and the TecDAX index gained 2.01%.

The biggest gainers of the session on the DAX were Rheinmetall AG (ETR:RHMG), which rose 13.71% or 138.00 points to trade at 1,144.50 at the close. Airbus Group SE (ETR:AIRG) added 5.88% or 9.74 points to end at 175.42 and Bayer AG NA (ETR:BAYGN) was up 5.68% or 1.29 points to 24.00 in late trade.

Biggest losers included Vonovia SE (ETR:VNAn), which fell 3.54% or 1.06 points to trade at 28.89 in late trade. Sartorius AG VZO O.N. (ETR:SATG_p) declined 1.78% or 4.30 points to end at 236.60 and E.ON SE (ETR:EONGn) down 0.04% or 0.01 points to 12.30.

The top performers on the MDAX were Hensoldt Ag (ETR:HAGG) which rose 22.25% to 64.00, Thyssenkrupp AG O.N. (ETR:TKAG) which was up 10.57% to settle at 8.41 and Scout24 AG (ETR:G24n) which gained 8.00% to close at 101.90.

The worst performers were Aixtron SE (ETR:AIXGn) which was down 4.15% to 11.66 in late trade, Deutsche Wohnen AG (ETR:DWNG) which lost 3.89% to settle at 23.45 and Aroundtown Property Holdings PLC (ETR:AT1) which was down 3.18% to 2.68 at the close.

The top performers on the TecDAX were Hensoldt Ag (ETR:HAGG) which rose 22.25% to 64.00, Bechtle AG (ETR:BC8G) which was up 5.17% to settle at 34.58 and Elmos Semiconductor AG (ETR:ELGG) which gained 4.57% to close at 70.90.

The worst performers were Aixtron SE (ETR:AIXGn) which was down 4.15% to 11.66 in late trade, Sartorius AG VZO O.N. (ETR:SATG_p) which lost 1.78% to settle at 236.60 and SUSS MicroTec SE (ETR:SMHNn) which was down 0.80% to 37.05 at the close.

Rising stocks outnumbered declining ones by 430 to 215 and 29 ended unchanged on the Frankfurt Stock Exchange.

Shares in Rheinmetall AG (ETR:RHMG) rose to all time highs; up 13.71% or 138.00 to 1,144.50. Shares in Airbus Group SE (ETR:AIRG) rose to all time highs; rising 5.88% or 9.74 to 175.42. Shares in Hensoldt Ag (ETR:HAGG) rose to all time highs; up 22.25% or 11.65 to 64.00. Shares in Thyssenkrupp AG O.N. (ETR:TKAG) rose to 52-week highs; up 10.57% or 0.80 to 8.41. Shares in Scout24 AG (ETR:G24n) rose to all time highs; up 8.00% or 7.55 to 101.90. Shares in Hensoldt Ag (ETR:HAGG) rose to all time highs; rising 22.25% or 11.65 to 64.00.

The DAX New Volatility, which measures the implied volatility of DAX options, was up 2.35% to 19.23.

Gold Futures for April delivery was up 1.92% or 54.69 to $2,903.19 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.32% or 0.22 to hit $69.54 a barrel, while the May Brent oil contract fell 0.14% or 0.10 to trade at $72.71 a barrel.

EUR/USD was up 1.16% to 1.05, while EUR/GBP unchanged 0.12% to 0.83.

The US Dollar Index Futures was down 1.03% at 106.45.

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