Germany stocks higher at close of trade; DAX up 1.16%

Germany stocks higher at close of trade; DAX up 1.16%

Aug 27, 2018

Germany stocks were higher after the close on Monday, as gains in the Technology, Retail and Chemicals sectors led shares higher.

At the close in Frankfurt, the DAX added 1.16%, while the MDAX index climbed 1.01%, and the TecDAX index added 1.54%.

The best performers of the session on the DAX were Continental AG O.N. (DE:CONG), which rose 2.99% or 4.65 points to trade at 160.10 at the close. Meanwhile, Volkswagen AG VZO O.N. (DE:VOWG_p) added 2.51% or 3.46 points to end at 141.46 and Daimler AG NA O.N. (DE:DAIGn) was up 2.48% or 1.360 points to 56.110 in late trade.

The worst performers of the session were E.ON SE NA (DE:EONGn), which rose 0.02% or 0.002 points to trade at 9.497 at the close. Beiersdorf AG O.N. (DE:BEIG) added 0.25% or 0.250 points to end at 100.550 and Henkel&Co KGaA AG Pref (DE:HNKG_p) was up 0.27% or 0.30 points to 111.90.

The top performers on the MDAX were Metro Wholesale&Food Specialist AG (DE:B4B) which rose 12.23% to 13.3500, Metro AG (DE:MEOG) which was up 4.10% to settle at 6.700 and Schaeffler AG Pref (DE:SHA_p) which gained 2.73% to close at 11.68.

The worst performers were CTS Eventim AG (DE:EVDG) which was down 2.46% to 38.040 in late trade, Deutsche Pfandbriefbank AG (DE:PBBG) which lost 0.46% to settle at 12.93 and GEA Group AG (DE:G1AG) which was down 0.21% to 33.300 at the close.

The top performers on the TecDAX were Aixtron SE (DE:AIXGn) which rose 7.90% to 11.232, Nemetschek AG O.N. (DE:NEKG) which was up 4.15% to settle at 140.700 and RIB Software AG Na (DE:RIB) which gained 4.11% to close at 21.760.

The worst performers were Carl Zeiss Meditec AG (DE:AFXG) which was down 1.47% to 73.600 in late trade, Draegerwerk VZO O.N. (DE:DRWG_p) which lost 0.72% to settle at 68.850 and Siltronic AG (DE:WAFGn) which was down 0.12% to 129.950 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 509 to 200 and 74 ended unchanged.

Shares in Nemetschek AG O.N. (DE:NEKG) rose to all time highs; up 4.15% or 5.600 to 140.700.

The DAX volatility index, which measures the implied volatility of DAX options, was down 0.08% to 14.53.

Gold Futures for December delivery was up 0.25% or 3.00 to $1216.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.04% or 0.03 to hit $68.69 a barrel, while the November Brent oil contract rose 0.18% or 0.14 to trade at $76.27 a barrel.

EUR/USD was up 0.46% to 1.1677, while EUR/GBP rose 0.15% to 0.9059.

The US Dollar Index Futures was down 0.39% at 94.71.

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