Germany stocks higher at close of trade; DAX up 1.49%

Germany stocks higher at close of trade; DAX up 1.49%

Oct 31, 2018

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

At the close in Frankfurt, the DAX rose 1.49%, while the MDAX index climbed 2.20%, and the TecDAX index added 2.60%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 3.91% or 0.668 points to trade at 17.738 at the close. Meanwhile, Wirecard AG (DE:WDIG) added 3.77% or 6.000 points to end at 164.950 and Heidelbergcement AG O.N. (DE:HEIG) was up 3.49% or 2.030 points to 60.130 in late trade.

The worst performers of the session were Deutsche Post AG NA O.N. (DE:DPWGn), which fell 2.38% or 0.680 points to trade at 27.880 at the close. Fresenius SE&Co KGAA O.N. (DE:FREG) declined 1.37% or 0.780 points to end at 56.280 and Vonovia SE (DE:VNAn) was down 0.07% or 0.03 points to 40.35.

The top performers on the MDAX were Delivery Hero AG (DE:DHER) which rose 7.32% to 35.76, Sartorius AG VZO O.N. (DE:SATG_p) which was up 5.45% to settle at 127.600 and Airbus Group SE (DE:AIRG) which gained 5.00% to close at 98.34.

The worst performers were Telefonica Deutschland Holding AG (DE:O2Dn) which was down 4.40% to 3.451 in late trade, Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which lost 1.45% to settle at 40.920 and LEG Immobilien AG (DE:LEGn) which was down 0.92% to 96.520 at the close.

The top performers on the TecDAX were Dialog Semiconductor (DE:DLGS) which rose 10.15% to 23.4500, Aixtron SE NA O.N. (DE:AIXGn) which was up 8.00% to settle at 11.1400 and Shop Apotheke Europe NV (DE:SAEG) which gained 6.64% to close at 45.000.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 4.58% to 0.11 in late trade, Tele Columbus AG (DE:TC1n) which lost 3.51% to settle at 3.17 and Suedzucker AG (DE:SZUG) which was down 0.26% to 13.625 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 559 to 127 and 25 ended unchanged.

Shares in Fresenius SE&Co KGAA O.N. (DE:FREG) fell to 52-week lows; falling 1.37% or 0.780 to 56.280.

The DAX volatility index, which measures the implied volatility of DAX options, was down 0.04% to 22.47.

Gold Futures for December delivery was down 0.49% or 6.00 to $1216.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.27% or 0.18 to hit $66.36 a barrel, while the January Brent oil contract rose 0.40% or 0.30 to trade at $76.21 a barrel.

EUR/USD was down 0.25% to 1.1316, while EUR/GBP fell 0.65% to 0.8870.

The US Dollar Index Futures was up 0.08% at 96.87.

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