Germany stocks higher at close of trade; DAX up 0.40%

germany-stocks-higher-at-close-of-trade;-dax-up-0.40% – Germany stocks were higher after the close on Thursday, as gains in the Transportation & Logistics, Industrials and Media sectors led shares higher.

At the close in Frankfurt, the DAX gained 0.40%, while the MDAX index added 0.87%, and the TecDAX index gained 0.08%.

The best performers of the session on the DAX were Volkswagen AG VZO O.N. (DE:VOWG_p), which rose 4.49% or 6.52 points to trade at 151.68 at the close. Meanwhile, Deutsche Bank AG NA O.N. (DE:DBKGn) added 4.09% or 0.392 points to end at 9.982 and MTU Aero Engines NA O.N. (DE:MTXGn) was up 3.16% or 6.50 points to 212.30 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (DE:IFXGn), which fell 1.50% or 0.525 points to trade at 34.445 at the close. SAP SE (DE:SAPG) declined 1.22% or 1.290 points to end at 104.230 and Deutsche Boerse AG (DE:DB1Gn) was down 1.10% or 1.505 points to 134.975.

The top performers on the MDAX were Airbus Group SE (DE:AIRG) which rose 4.21% to 92.82, Deutsche Lufthansa AG (DE:LHAG) which was up 3.48% to settle at 10.488 and Thyssenkrupp AG O.N. (DE:TKAG) which gained 3.51% to close at 9.477.

The worst performers were Siemens Energy AG (DE:ENR1n) which was down 2.61% to 32.82 in late trade, Symrise AG Inh. O.N. (DE:SY1G) which lost 1.53% to settle at 102.925 and Telefonica Deutschland Holding AG (DE:O2Dn) which was down 1.17% to 2.375 at the close.

The top performers on the TecDAX were Eckert & Ziegler AG O.N. (DE:EUZG) which rose 5.09% to 49.560, Sartorius AG VZO O.N. (DE:SATG_p) which was up 3.03% to settle at 374.000 and United Internet AG NA (DE:UTDI) which gained 1.73% to close at 36.370.

The worst performers were LPKF Laser & Electronics (DE:LPKG) which was down 2.47% to 27.650 in late trade, Infineon Technologies AG NA O.N. (DE:IFXGn) which lost 1.50% to settle at 34.445 and SAP SE (DE:SAPG) which was down 1.22% to 104.230 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 438 to 241 and 31 ended unchanged.

Shares in Eckert & Ziegler AG O.N. (DE:EUZG) rose to 52-week highs; gaining 5.09% or 2.400 to 49.560.

The DAX volatility index, which measures the implied volatility of DAX options, was down 7.97% to 21.37 a new 6-months low.

Gold Futures for February delivery was down 0.33% or 6.20 to $1848.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.21% or 0.11 to hit $52.80 a barrel, while the March Brent oil contract fell 0.71% or 0.40 to trade at $55.66 a barrel.

EUR/USD was down 0.11% to 1.2144, while EUR/GBP fell 0.43% to 0.8873.

The US Dollar Index Futures was down 0.07% at 90.267.

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