Germany stocks higher at close of trade; DAX up 0.90%

15/05/2019 17:15:00 Stock Market

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

At the close in Frankfurt, the DAX added 0.90%, while the MDAX index climbed 0.56%, and the TecDAX index gained 0.48%.

The best performers of the session on the DAX were Bayerische Motoren Werke AG (DE:BMWG), which rose 3.12% or 2.120 points to trade at 70.000 at the close. Meanwhile, Daimler AG NA O.N. (DE:DAIGn) added 2.94% or 1.550 points to end at 54.300 and RWE AG ST O.N. (DE:RWEG) was up 2.60% or 0.590 points to 23.320 in late trade.

The worst performers of the session were E.ON SE NA (DE:EONGn), which fell 5.65% or 0.545 points to trade at 9.095 at the close. Thyssenkrupp AG O.N. (DE:TKAG) declined 4.95% or 0.630 points to end at 12.110 and Merck KGaA (DE:MRCG) was down 1.13% or 1.04 points to 91.10.

The top performers on the MDAX were Lanxess AG (DE:LXSG) which rose 3.32% to 47.250, LEG Immobilien AG (DE:LEGn) which was up 3.06% to settle at 111.000 and Dialog Semiconductor (DE:DLGS) which gained 2.62% to close at 34.460.

The worst performers were Drillisch AG (DE:DRIG) which was down 11.35% to 27.800 in late trade, Leoni AG (DE:LEOGn) which lost 11.12% to settle at 15.220 and United Internet AG NA (DE:UTDI) which was down 6.29% to 31.610 at the close.

The top performers on the TecDAX were SLM Solutions Group AG (DE:AM3D) which rose 4.46% to 9.14, Nordex SE O.N. (DE:NDXG) which was up 3.26% to settle at 13.600 and Aixtron SE NA O.N. (DE:AIXGn) which gained 3.03% to close at 10.5500.

The worst performers were Drillisch AG (DE:DRIG) which was down 11.35% to 27.800 in late trade, United Internet AG NA (DE:UTDI) which lost 6.29% to settle at 31.610 and Freenet AG NA (DE:FNTGn) which was down 1.45% to 20.350 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 405 to 285 and 88 ended unchanged.

Shares in Drillisch AG (DE:DRIG) fell to 3-years lows; down 11.35% or 3.560 to 27.800. Shares in LEG Immobilien AG (DE:LEGn) rose to all time highs; gaining 3.06% or 3.300 to 111.000. Shares in Leoni AG (DE:LEOGn) fell to 5-year lows; falling 11.12% or 1.905 to 15.220. Shares in Drillisch AG (DE:DRIG) fell to 3-years lows; losing 11.35% or 3.560 to 27.800.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.22% to 17.04.

Gold Futures for June delivery was up 0.16% or 2.05 to $1298.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.39% or 0.24 to hit $62.02 a barrel, while the July Brent oil contract rose 0.87% or 0.62 to trade at $71.86 a barrel.

EUR/USD was up 0.03% to 1.1206, while EUR/GBP rose 0.36% to 0.8716.

The US Dollar Index Futures was up 0.02% at 97.345.