Germany shares higher at close of trade; DAX up 0.47%

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Germany shares higher at close of trade; DAX up 0.47%
Credit: © Reuters. – Germany equities were higher at the close on Friday, as gains in the Telecoms , Software and Pharmaceuticals & Healthcare sectors propelled shares higher.

At the close in Frankfurt, the DAX added 0.47%, while the MDAX index gained 0.16%, and the TecDAX index added 2.95%.

The biggest gainers of the session on the DAX were Deutsche Telekom AG Na (DE: DTEGn ), which rose 4.88% or 0.815 points to trade at 17.530 at the close. Merck KGaA (DE: MRCG ) added 2.28% or 2.55 points to end at 114.40 and Fresenius SE & Co KGAA O.N. (DE: FREG ) was up 1.48% or 1.160 points to 79.490 in late trade.

Biggest losers included Thyssenkrupp AG O.N. (DE: TKAG ), which lost 4.06% or 0.905 points to trade at 21.360 in late trade. Bayerische Motoren Werke AG (DE: BMWG ) declined 3.22% or 2.900 points to end at 87.240 and Adidas AG (DE: ADSGN ) shed 1.56% or 2.80 points to 176.20.

The top performers on the MDAX were Osram Licht AG (F: OSRn ) which rose 2.10% to 68.113, Axel Springer SE (DE: SPRGn ) which was up 2.03% to settle at 54.850 and LEG Immobilien AG (DE: LEGn ) which gained 1.64% to close at 84.360.

The worst performers were Talanx AG NA O.N. (DE: TLXGn ) which was down 3.21% to 33.720 in late trade, Salzgitter AG (DE: SZGG ) which lost 3.02% to settle at 31.920 and Covestro AG (DE: 1COV ) which was down 2.11% to 65.060 at the close.

The top performers on the TecDAX were United Internet AG NA (DE: UTDI ) which rose 13.92% to 48.690, Drillisch AG (DE: DRIG ) which was up 11.59% to settle at 54.160 and Telefonica Deutschland Holding AG (DE: O2Dn ) which gained 5.97% to close at 4.330.

The worst performers were Jenoptik AG (DE: JENG ) which was down 4.37% to 24.510 in late trade, Slm Solution G (DE: AM3D ) which lost 2.36% to settle at 37.02 and Cancom SE O.N. (DE: COKG ) which was down 2.31% to 51.690 at the close.

Advancing stocks outnumbered falling ones by 392 to 347 and 35 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 4.87% to 12.52 a new 1-month low.

In commodities trading, Gold Futures for June delivery was up 0.37% or 4.50 to $1228.70 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.17% or 0.08 to hit $47.75 a barrel, while the July Brent oil contract unchanged 0.00% or 0.00 to trade at $50.77 a barrel.

EUR/USD was up 0.55% to 1.0922, while EUR/GBP rose 0.66% to 0.8485.

The US Dollar Index Futures was down 0.40% at 99.13.

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