Germany shares higher at close of trade; DAX up 3.55%

Published 05-03-2025, 10:35 pm
Updated 05-03-2025, 10:38 pm
© Reuters.  Germany shares higher at close of trade; DAX up 3.55%

Investing.com – Germany equities were higher at the close on Wednesday, as gains in the DAX Chemicals, DAX Industrial and DAX Transportation & Logistics sectors led shares higher.

At the close in Frankfurt, the DAX added 3.55%, while the MDAX index climbed 6.05%, and the TecDAX index added 3.23%.

The biggest gainers of the session on the DAX were Heidelberg Materials AG (ETR:HEIG), which rose 17.52% or 24.85 points to trade at 166.65 at the close. Deutsche Bank AG NA O.N. (ETR:DBKGn) added 12.36% or 2.39 points to end at 21.75 and Commerzbank AG O.N. (ETR:CBKG) was up 10.95% or 2.26 points to 22.90 in late trade.

Biggest losers included Vonovia SE (ETR:VNAn), which fell 7.66% or 2.24 points to trade at 27.01 in late trade. Deutsche Telekom AG Na (ETR:DTEGn) declined 3.41% or 1.20 points to end at 33.94 and Symrise AG Inh. O.N. (ETR:SY1G) down 2.71% or 2.64 points to 94.62.

The top performers on the MDAX were Kion Group AG (ETR:KGX) which rose 20.18% to 44.60, Bechtle AG (ETR:BC8G) which was up 19.30% to settle at 39.06 and Bilfinger SE O.N. (ETR:GBFG) which gained 17.98% to close at 70.20.

The worst performers were LEG Immobilien AG (ETR:LEGn) which was down 5.27% to 73.72 in late trade, Tag Immobilien AG (ETR:TEGG) which lost 5.19% to settle at 13.16 and Deutsche Wohnen AG (ETR:DWNG) which was down 4.94% to 22.15 at the close.

The top performers on the TecDAX were Bechtle AG (ETR:BC8G) which rose 19.30% to 39.06, Kontron AG (ETR:KTN) which was up 16.26% to settle at 23.88 and Cancom SE O.N. (ETR:COKG) which gained 14.64% to close at 27.88.

The worst performers were Deutsche Telekom AG Na (ETR:DTEGn) which was down 3.41% to 33.94 in late trade, CompuGroup Medical AG O.N. (ETR:COP1n) which unchanged 0.00% to settle at 22.50 and Qiagen NV (ETR:QIA) which was up 0.03% to 35.88 at the close.

Rising stocks outnumbered declining ones by 419 to 216 and 25 ended unchanged on the Frankfurt Stock Exchange.

Shares in Heidelberg Materials AG (ETR:HEIG) rose to all time highs; gaining 17.52% or 24.85 to 166.65. Shares in Deutsche Bank AG NA O.N. (ETR:DBKGn) rose to 5-year highs; up 12.36% or 2.39 to 21.75. Shares in Commerzbank AG O.N. (ETR:CBKG) rose to 5-year highs; gaining 10.95% or 2.26 to 22.90. Shares in Symrise AG Inh. O.N. (ETR:SY1G) fell to 52-week lows; losing 2.71% or 2.64 to 94.62. Shares in Bilfinger SE O.N. (ETR:GBFG) rose to 5-year highs; gaining 17.98% or 10.70 to 70.20. Shares in Kontron AG (ETR:KTN) rose to 3-year highs; up 16.26% or 3.34 to 23.88.

The DAX New Volatility, which measures the implied volatility of DAX options, was up 16.31% to 22.72 a new 6-month high.

Gold Futures for April delivery was up 0.39% or 11.30 to $2,931.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 4.10% or 2.80 to hit $65.46 a barrel, while the May Brent oil contract fell 3.51% or 2.49 to trade at $68.55 a barrel.

EUR/USD was up 1.42% to 1.08, while EUR/GBP rose 0.83% to 0.84.

The US Dollar Index Futures was down 1.20% at 104.42.

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