Germany stocks higher at close of trade; DAX up 2.51%
Germany stocks higher at close of trade; DAX up 2.51%
Investing.com – Germany stocks were higher after the close on Friday, as gains in the Consumer & Cyclical, Retail and Technology sectors led shares higher.
At the close in Frankfurt, the DAX gained 2.51% to hit a new 1-month high, while the MDAX index added 2.43%, and the TecDAX index climbed 1.27%.
The best performers of the session on the DAX were Adidas AG (ETR:ADSGN), which rose 21.38% or 20.09 points to trade at 114.04 at the close. Meanwhile, Continental AG O.N. (ETR:CONG) added 9.49% or 4.70 points to end at 54.20 and Covestro AG (ETR:1COV) was up 7.55% or 2.48 points to 35.33 in late trade.
The worst performers of the session were Qiagen NV (ETR:QIA), which fell 1.65% or 0.72 points to trade at 42.87 at the close. Hannover Rueck SE (ETR:HNRGn) declined 0.96% or 1.60 points to end at 164.25 and Deutsche Boerse AG (ETR:DB1Gn) was down 0.75% or 1.20 points to 158.65.
The top performers on the MDAX were Aroundtown Property Holdings PLC (ETR:AT1) which rose 8.13% to 2.05, GEA Group AG (ETR:G1AG) which was up 7.44% to settle at 37.11 and Delivery Hero AG (ETR:DHER) which gained 7.05% to close at 35.22.
The worst performers were ADTRAN Holdingsa Inc (ETR:QH9) which was down 9.69% to 20.50 in late trade, Rheinmetall AG (ETR:RHMG) which lost 5.28% to settle at 154.20 and Encavis AG (ETR:ECVG) which was down 0.88% to 19.05 at the close.
The top performers on the TecDAX were Telefonica Deutschland Holding AG (ETR:O2Dn) which rose 4.70% to 2.32, Infineon Technologies AG NA O.N. (ETR:IFXGn) which was up 4.67% to settle at 25.76 and Varta AG (ETR:VAR1) which gained 4.65% to close at 28.58.
The worst performers were ADTRAN Holdingsa Inc (ETR:QH9) which was down 9.69% to 20.50 in late trade, Hensoldt Ag (ETR:HAGG) which lost 6.61% to settle at 22.60 and Qiagen NV (ETR:QIA) which was down 1.65% to 42.87 at the close.
Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 467 to 213 and 75 ended unchanged.
The DAX volatility index, which measures the implied volatility of DAX options, was down 4.32% to 23.24 a new 1-month low.
Gold Futures for December delivery was up 2.85% or 46.45 to $1,677.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 4.15% or 3.66 to hit $91.83 a barrel, while the January Brent oil contract rose 3.49% or 3.30 to trade at $97.97 a barrel.
EUR/USD was up 1.70% to 0.99, while EUR/GBP unchanged 0.32% to 0.88.
The US Dollar Index Futures was down 1.50% at 111.11.
