Germany stocks higher at close of trade; DAX up 2.47%

Germany stocks higher at close of trade; DAX up 2.47%

Germany stocks higher at close of trade; DAX up 2.47%

© Reuters. Germany stocks higher at close of trade; DAX up 2.47%

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

At the close in Frankfurt, the DAX gained 2.47%, while the MDAX index climbed 1.29%, and the TecDAX index added 0.99%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 5.32% or 2.123 points to trade at 42.053 at the close. Meanwhile, Bayerische Motoren Werke AG (DE:BMWG) added 4.23% or 3.600 points to end at 88.675 andDaimlerAG NA O.N. (DE:DAIGn) was up 4.17% or 3.470 points to 86.620 in late trade.

The worst performers of the session wereHelloFresh SE(DE:HFGG), which fell 3.49% or 3.12 points to trade at 86.28 at the close. Sartorius AG VZO O.N. (DE:SATG_p) declined 3.03% or 18.400 points to end at 588.600 andQiagenNV (DE:QIA) was down 2.06% or 1.005 points to 47.895.

Germany stocks higher at close of trade; DAX up 2.47%

The top performers on the MDAX were AUTO1 Group SE (DE:AG1G) which rose 5.65% to 26.20, Deutsche Lufthansa AG (DE:LHAG) which was up 5.07% to settle at 5.633 andJungheinrich AGO.N.VZO (DE:JUNG_p) which gained 4.87% to close at 43.540.

The worst performers wereWacker ChemieO.N. (DE:WCHG) which was down 3.69% to 146.88 in late trade, Carl Zeiss Meditec AG (DE:AFXG) which lost 2.20% to settle at 173.050 andLEG Immobilien AG(DE:LEGn) which was down 1.94% to 121.100 at the close.

The top performers on the TecDAX were Infineon Technologies AG NA O.N. (DE:IFXGn) which rose 5.32% to 42.053, Jenoptik AG (DE:JENGn) which was up 5.09% to settle at 37.600 andAixtronSE (DE:AIXGn) which gained 4.65% to close at 18.620.

The worst performers were Sartorius AG VZO O.N. (DE:SATG_p) which was down 3.03% to 588.600 in late trade, Carl Zeiss Meditec AG (DE:AFXG) which lost 2.20% to settle at 173.050 and Qiagen NV (DE:QIA) which was down 2.06% to 47.895 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 536 to 187 and 51 ended unchanged.

Shares in Jenoptik AG (DE:JENGn) rose to 3-years highs; up 5.09% or 1.820 to 37.600.

The DAX volatility index, which measures the implied volatility of DAX options, was down 12.27% to 24.17.

Gold Futures for February delivery was up 0.61% or 10.90 to $1787.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 2.10% or 1.39 to hit $67.57 a barrel, while the February Brent oil contract rose 2.20% or 1.52 to trade at $70.75 a barrel.

EUR/USD was down 0.15% to 1.1319, while EUR/GBP fell 0.22% to 0.8503.

The US Dollar Index Futures was down 0.04% at 95.972.