Germany shares higher at close of trade; DAX up 1.08%

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Germany shares higher at close of trade; DAX up 1.08%
Credit: © Reuters. – Germany equities were higher at the close on Thursday, as gains in the Technology , Basic Resources and Pharmaceuticals & Healthcare sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 1.08% to hit a new 52-week high, while the MDAX index gained 0.29%, and the TecDAX index added 1.23%.

The biggest gainers of the session on the DAX were Deutsche Bank AG NA O.N. (DE: DBKGn ), which rose 5.36% or 0.925 points to trade at 18.170 at the close. Infineon Technologies AG NA O.N. (DE: IFXGn ) added 4.00% or 0.630 points to end at 16.390 and Deutsche Boerse AG Z.UMT. (DE: DB11 ) was up 2.79% or 2.15 points to 79.30 in late trade.

Biggest losers included Vonovia SE (DE: VNAn ), which lost 2.10% or 0.64 points to trade at 29.54 in late trade. RWE AG ST O.N. (DE: RWEG ) declined 1.84% or 0.210 points to end at 11.180 and Beiersdorf AG O.N. (DE: BEIG ) shed 0.49% or 0.390 points to 79.150.

The top performers on the MDAX were MTU Aero Engines NA O.N. (DE: MTXGn ) which rose 3.07% to 107.300, Leoni AG (DE: LEOGn ) which was up 3.05% to settle at 33.105 and Airbus Group SE (F: AIRG ) which gained 2.72% to close at 64.099.

The worst performers were Deutsche Wohnen AG Inh (DE: DWNG ) which was down 2.32% to 28.160 in late trade, Steinhoff International Holdings NV (DE: SNHG ) which lost 2.17% to settle at 4.73 and Deutsche Euroshop AG (DE: DEQGn ) which was down 1.58% to 37.280 at the close.

The top performers on the TecDAX were Alix Resources Corp (F: 37N2 ) which rose 10.34% to 0.032, Siltronic AG (DE: WAFGn ) which was up 7.96% to settle at 42.335 and United Internet AG NA (DE: UTDI ) which gained 4.97% to close at 37.060.

The worst performers were S&T AG (F: SANT1 ) which was down 0.73% to 8.646 in late trade, Nordex SE O.N. (DE: NDXG ) which lost 0.32% to settle at 18.735 and Slm Solution G (DE: AM3D ) which was down 0.23% to 32.80 at the close.

Advancing stocks outnumbered falling ones by 488 to 285 and 16 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 7.70% to 15.38 a new 52-week low.

In commodities trading, Gold for February delivery was down 3.14% or 36.55 to $1127.15 a troy ounce. Meanwhile, Crude oil for delivery in January fell 0.61% or 0.31 to hit $50.73 a barrel, while the February Brent oil contract fell 0.33% or 0.18 to trade at $53.72 a barrel.

EUR/USD was down 1.38% to 1.0389, while EUR/GBP fell 0.17% to 0.8367.

The US Dollar Index was up 1.28% at 103.34.

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