Germany stocks higher at close of trade; DAX up 3.70%

Germany stocks higher at close of trade; DAX up 3.70%

Mar 20, 2020

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

At the close in Frankfurt, the DAX rose 3.70%, while the MDAX index gained 5.18%, and the TecDAX index gained 3.34%.

The best performers of the session on the DAX were Heidelbergcement AG O.N. (DE:HEIG), which rose 11.51% or 3.420 points to trade at 33.140 at the close. Meanwhile, Fresenius SE&Co KGAA O.N. (DE:FREG) added 10.11% or 2.595 points to end at 28.250 and Allianz SE VNA O.N. (DE:ALVG) was up 9.52% or 11.63 points to 133.73 in late trade.

The worst performers of the session were Fresenius Medical Care KGAA ST (DE:FMEG), which fell 3.65% or 2.140 points to trade at 56.460 at the close. E.ON SE NA (DE:EONGn) declined 3.54% or 0.303 points to end at 8.268 and Muench. Rueckvers. VNA O.N. (DE:MUVGn) was down 3.51% or 5.70 points to 156.75.

The top performers on the MDAX were Osram Licht AG (DE:OSRn) which rose 39.64% to 31.00, Rheinmetall AG (DE:RHMG) which was up 20.87% to settle at 53.740 and Airbus Group SE (DE:AIRG) which gained 17.64% to close at 63.56.

The worst performers were Siltronic AG (DE:WAFGn) which was down 6.53% to 51.260 in late trade, Uniper SE (DE:UN01) which lost 4.08% to settle at 23.030 and Aareal Bank AG (DE:ARLG) which was down 4.04% to 14.485 at the close.

The top performers on the TecDAX were Dialog Semiconductor (DE:DLGS) which rose 11.46% to 20.235, Bechtle AG (DE:BC8G) which was up 8.27% to settle at 95.550 and Aixtron SE (DE:AIXGn) which gained 7.51% to close at 6.728.

The worst performers were Siltronic AG (DE:WAFGn) which was down 6.53% to 51.260 in late trade, Siemens Healthineers AG (DE:SHLG) which lost 1.59% to settle at 34.08 and Freenet AG NA (DE:FNTGn) which was down 1.41% to 15.750 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 489 to 213 and 28 ended unchanged.

Shares in Fresenius Medical Care KGAA ST (DE:FMEG) fell to 52-week lows; falling 3.65% or 2.140 to 56.460. Shares in Siltronic AG (DE:WAFGn) fell to 3-years lows; falling 6.53% or 3.580 to 51.260. Shares in Aareal Bank AG (DE:ARLG) fell to 5-year lows; down 4.04% or 0.610 to 14.485. Shares in Siltronic AG (DE:WAFGn) fell to 3-years lows; falling 6.53% or 3.580 to 51.260.

The DAX volatility index, which measures the implied volatility of DAX options, was down 11.61% to 67.93.

Gold Futures for April delivery was up 0.43% or 6.30 to $1485.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 4.44% or 1.15 to hit $24.76 a barrel, while the May Brent oil contract rose 0.60% or 0.17 to trade at $28.64 a barrel.

EUR/USD was down 0.32% to 1.0655, while EUR/GBP fell 1.49% to 0.9166.

The US Dollar Index Futures was down 0.30% at 103.290.

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