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Germany shares higher at close of trade; DAX up 1.97%

Published 2017-03-01, 12:15 p/m
Updated 2017-03-01, 12:15 p/m
© Reuters.  Germany shares higher at close of trade; DAX up 1.97%

© Reuters. Germany shares higher at close of trade; DAX up 1.97%

Investing.com – Germany equities were higher at the close on Wednesday, as gains in the Construction, Basic Resources and Technology sectors propelled shares higher.

At the close in Frankfurt, the DAX gained 1.97% to hit a new 52-week high, while the MDAX index climbed 1.02%, and the TecDAX index gained 1.12%.

The biggest gainers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 5.11% or 0.950 points to trade at 19.550 at the close. Commerzbank AG O.N. (DE:CBKG) added 3.96% or 0.285 points to end at 7.486 and Volkswagen AG VZO O.N. (DE:VOWG_p) was up 3.36% or 4.700 points to 144.400 in late trade.

Biggest losers included Vonovia SE (DE:VNAn), which added 0.52% or 0.17 points to trade at 33.06 in late trade. Beiersdorf AG O.N. (DE:BEIG) added 0.74% or 0.640 points to end at 86.760 and Continental AG O.N. (DE:CONG) gained 0.78% or 1.500 points to 193.000.

The top performers on the MDAX were Aareal Bank AG (DE:ARLG) which rose 5.28% to 36.700, Rheinmetall AG (DE:RHMG) which was up 5.07% to settle at 75.780 and Hugo Boss AG NA O.N. (DE:BOSSn) which gained 4.62% to close at 67.980.

The worst performers were Covestro AG (DE:1COV) which was down 6.71% to 66.300 in late trade, Steinhoff International Holdings NV (DE:SNHG) which lost 1.40% to settle at 4.98 and Talanx AG NA O.N. (DE:TLXGn) which was down 0.83% to 33.450 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 4.72% to 14.545, Xing AG (DE:OBCGn) which was up 4.13% to settle at 200.350 and SMA Solar Technology AG (DE:S92G) which gained 3.83% to close at 24.700.

The worst performers were Alix Resources Corp (F:37N2) which was down 2.50% to 0.039 in late trade, Telefonica Deutschland Holding AG (DE:O2Dn) which lost 1.98% to settle at 4.062 and Adva Optical Networking SE (DE:ADAG) which was down 0.47% to 9.890 at the close.

Advancing stocks outnumbered falling ones by 577 to 182 and 26 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 7.23% to 14.61.

In commodities trading, Gold Futures for April delivery was down 0.58% or 7.25 to $1246.65 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.17% or 0.09 to hit $53.92 a barrel, while the May Brent oil contract fell 0.09% or 0.05 to trade at $56.46 a barrel.

EUR/USD was down 0.08% to 1.0569, while EUR/GBP rose 0.41% to 0.8577.

The US Dollar Index Futures was up 0.23% at 101.56.

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