Germany shares higher at close of trade; DAX up 1.52%

Investing.com – Germany equities were higher at the close on Wednesday, as gains in the Utilities , Technology and Transportation & Logistics sectors propelled shares higher.

At the close in Frankfurt, the DAX added 1.52%, while the MDAX index gained 0.99%, and the TecDAX index climbed 1.72%.

The biggest gainers of the session on the DAX were Infineon Technologies AG NA O.N. (DE: IFXGn ), which rose 2.88% or 0.540 points to trade at 19.260 at the close. E.ON SE NA (DE: EONGn ) added 2.73% or 0.228 points to end at 8.589 and Deutsche Post AG NA O.N. (DE: DPWGn ) was up 2.70% or 0.895 points to 34.000 in late trade.

Biggest losers included Commerzbank AG O.N. (DE: CBKG ), which lost 1.61% or 0.180 points to trade at 10.970 in late trade. Deutsche Bank AG NA O.N. (DE: DBKGn ) declined 0.90% or 0.150 points to end at 16.440 and Prosiebensat 1 Media AG (DE: PSMGn ) shed 0.40% or 0.135 points to 33.885.

The top performers on the MDAX were Leoni AG (DE: LEOGn ) which rose 4.76% to 47.975, Zalando SE (DE: ZALG ) which was up 4.07% to settle at 40.69 and Rational AG (BS: RAAd ) which gained 3.49% to close at 504.30.

The worst performers were Schaeffler AG Pref (DE: SHA_p ) which was down 1.54% to 12.16 in late trade, Aareal Bank AG (DE: ARLG ) which lost 0.69% to settle at 35.450 and Hella KGaA Hueck & Co (DE: HLE ) which was down 0.65% to 44.91 at the close.

The top performers on the TecDAX were Siltronic AG (DE: WAFGn ) which rose 7.91% to 84.080, Sartorius AG VZO O.N. (DE: SATG_p ) which was up 3.58% to settle at 92.790 and Evotec AG O.N. (DE: EVTG ) which gained 2.94% to close at 14.535.

The worst performers were GFT Technologies AG (DE: GFTG ) which was down 3.52% to 15.630 in late trade, Nordex SE O.N. (DE: NDXG ) which lost 0.82% to settle at 11.435 and Aixtron SE (DE: AIXGn ) which was down 0.79% to 7.140 at the close.

Advancing stocks outnumbered falling ones by 581 to 177 and 22 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was down 7.14% to 13.12.

In commodities trading, Gold Futures for August delivery was up 0.53% or 6.41 to $1221.11 a troy ounce. Meanwhile, Crude oil for delivery in August rose 1.07% or 0.48 to hit $45.52 a barrel, while the September Brent oil contract rose 0.65% or 0.31 to trade at $47.83 a barrel.

EUR/USD was down 0.44% to 1.1415, while EUR/GBP fell 0.78% to 0.8856.

The US Dollar Index Futures was up 0.04% at 95.53.