Germany stocks higher at close of trade; DAX up 0.72%

Germany stocks higher at close of trade; DAX up 0.72%

Jan 17, 2020

Germany stocks were higher after the close on Friday, as gains in the Software, Utilities and Construction sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.72% to hit a new 52-week high, while the MDAX index gained 0.70%, and the TecDAX index climbed 0.73%.

The best performers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which rose 3.06% or 0.920 points to trade at 30.960 at the close. Meanwhile, SAP SE (DE:SAPG) added 2.87% or 3.520 points to end at 125.960 and E.ON SE NA (DE:EONGn) was up 1.92% or 0.192 points to 10.194 in late trade.

The worst performers of the session were Deutsche Post AG NA O.N. (DE:DPWGn), which fell 1.00% or 0.345 points to trade at 34.050 at the close. Wirecard AG (DE:WDIG) declined 0.74% or 0.950 points to end at 127.600 and Continental AG O.N. (DE:CONG) was down 0.73% or 0.84 points to 114.72.

The top performers on the MDAX were Varta AG (DE:VAR1) which rose 4.68% to 91.700, Siltronic AG (DE:WAFGn) which was up 3.35% to settle at 93.120 and Evotec AG O.N. (DE:EVTG) which gained 3.09% to close at 25.000.

The worst performers were Commerzbank AG O.N. (DE:CBKG) which was down 3.31% to 5.284 in late trade, Kion Group AG (DE:KGX) which lost 1.70% to settle at 61.42 and Grenke N AG (DE:GLJn) which was down 1.68% to 90.60 at the close.

The top performers on the TecDAX were Varta AG (DE:VAR1) which rose 4.68% to 91.700, Siltronic AG (DE:WAFGn) which was up 3.35% to settle at 93.120 and Evotec AG O.N. (DE:EVTG) which gained 3.09% to close at 25.000.

The worst performers were Drillisch AG (DE:DRIG) which was down 2.07% to 22.660 in late trade, Wirecard AG (DE:WDIG) which lost 0.74% to settle at 127.600 and Freenet AG NA (DE:FNTGn) which was down 0.59% to 20.130 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 405 to 267 and 77 ended unchanged.

Shares in RWE AG ST O.N. (DE:RWEG) rose to 5-year highs; gaining 3.06% or 0.920 to 30.960. Shares in SAP SE (DE:SAPG) rose to all time highs; rising 2.87% or 3.520 to 125.960. Shares in E.ON SE NA (DE:EONGn) rose to 52-week highs; gaining 1.92% or 0.192 to 10.194.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.39% to 12.07 a new 52-week low.

Gold Futures for February delivery was up 0.65% or 10.05 to $1560.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.24% or 0.14 to hit $58.38 a barrel, while the March Brent oil contract fell 0.03% or 0.02 to trade at $64.60 a barrel.

EUR/USD was down 0.38% to 1.1093, while EUR/GBP rose 0.06% to 0.8518.

The US Dollar Index Futures was up 0.31% at 97.365.

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