Germany stocks higher at close of trade; DAX up 1.28%

Germany stocks higher at close of trade; DAX up 1.28%

Mar 26, 2020

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

At the close in Frankfurt, the DAX gained 1.28%, while the MDAX index climbed 3.20%, and the TecDAX index climbed 1.93%.

The best performers of the session on the DAX were MTU Aero Engines NA O.N. (DE:MTXGn), which rose 12.05% or 16.25 points to trade at 151.05 at the close. Meanwhile, Heidelbergcement AG O.N. (DE:HEIG) added 6.29% or 2.275 points to end at 38.455 and E.ON SE NA (DE:EONGn) was up 4.42% or 0.392 points to 9.253 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 2.87% or 3.000 points to trade at 101.500 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 1.48% or 0.095 points to end at 6.338 and Volkswagen AG VZO O.N. (DE:VOWG_p) was down 1.03% or 1.18 points to 113.70.

The top performers on the MDAX were Airbus Group SE (DE:AIRG) which rose 20.67% to 72.50, Carl Zeiss Meditec AG (DE:AFXG) which was up 9.57% to settle at 91.050 and CompuGroup Medical AG O.N. (DE:COPMa) which gained 8.56% to close at 53.000.

The worst performers were Duerr AG (DE:DUEG) which was down 3.55% to 18.045 in late trade, Nemetschek AG O.N. (DE:NEKG) which lost 2.64% to settle at 43.500 and Prosiebensat 1 Media AG (DE:PSMGn) which was down 2.51% to 6.7640 at the close.

The top performers on the TecDAX were S&T AG (DE:SANT1) which rose 11.91% to 18.04, Carl Zeiss Meditec AG (DE:AFXG) which was up 9.57% to settle at 91.050 and CompuGroup Medical AG O.N. (DE:COPMa) which gained 8.56% to close at 53.000.

The worst performers were New Work SE (DE:NWOn) which was down 4.65% to 164.00 in late trade, Nordex SE O.N. (DE:NDXG) which lost 3.04% to settle at 7.505 and Wirecard AG (DE:WDIG) which was down 2.87% to 101.500 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 436 to 264 and 36 ended unchanged.

Shares in New Work SE (DE:NWOn) fell to 3-years lows; losing 4.65% or 8.00 to 164.00.

The DAX volatility index, which measures the implied volatility of DAX options, was down 0.28% to 57.24.

Gold Futures for April delivery was up 1.10% or 17.95 to $1651.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 8.04% or 1.97 to hit $22.52 a barrel, while the May Brent oil contract fell 4.45% or 1.22 to trade at $26.17 a barrel.

EUR/USD was up 1.36% to 1.1029, while EUR/GBP fell 0.75% to 0.9087.

The US Dollar Index Futures was down 1.31% at 99.670.

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