Germany stocks higher at close of trade; DAX up 0.79%

Investing.com – Germany stocks were higher after the close on Monday, as gains in the Utilities, Telecoms and Media sectors led shares higher.

At the close in Frankfurt, the DAX rose 0.79%, while the MDAX index gained 1.34%, and the TecDAX index gained 1.71%.

The best performers of the session on the DAX were Sartorius AG VZO O.N. (ETR:SATG_p), which rose 5.40% or 19.30 points to trade at 376.40 at the close. Meanwhile, BASF SE NA O.N. (ETR:BASFN) added 3.38% or 1.34 points to end at 40.94 and Covestro AG (ETR:1COV) was up 3.28% or 0.97 points to 30.51 in late trade.

The worst performers of the session were Beiersdorf AG O.N. (ETR:BEIG), which fell 2.51% or 2.53 points to trade at 98.42 at the close. Porsche Automobil Holding SE (ETR:PSHG_p) declined 1.41% or 0.82 points to end at 57.34 and Puma SE (ETR:PUMG) was down 0.83% or 0.40 points to 47.57.

The top performers on the MDAX were Varta AG (ETR:VAR1) which rose 10.80% to 32.52, Lanxess AG (ETR:LXSG) which was up 5.35% to settle at 31.68 and Befesa SA (ETR:BFSA) which gained 4.42% to close at 32.58.

The worst performers were Deutsche Lufthansa AG (ETR:LHAG) which was down 3.41% to 5.72 in late trade, ADTRAN Holdingsa Inc (ETR:QH9) which lost 1.97% to settle at 19.90 and Delivery Hero AG (ETR:DHER) which was down 1.42% to 37.40 at the close.

The top performers on the TecDAX were Varta AG (ETR:VAR1) which rose 10.80% to 32.52, Suse SA (ETR:SUSEG) which was up 5.93% to settle at 16.08 and Sartorius AG VZO O.N. (ETR:SATG_p) which gained 5.40% to close at 376.40.

The worst performers were ADTRAN Holdingsa Inc (ETR:QH9) which was down 1.97% to 19.90 in late trade, SMA Solar Technology AG (ETR:S92G) which lost 1.46% to settle at 47.30 and CompuGroup Medical AG O.N. (ETR:COP1n) which was down 1.07% to 35.18 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 413 to 266 and 77 ended unchanged.

Shares in Porsche Automobil Holding SE (ETR:PSHG_p) fell to 52-week lows; falling 1.41% or 0.82 to 57.34. Shares in Puma SE (ETR:PUMG) fell to 52-week lows; losing 0.83% or 0.40 to 47.57.

The DAX volatility index, which measures the implied volatility of DAX options, was down 0.62% to 30.48.

Gold Futures for December delivery was up 1.71% or 28.65 to $1,700.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 4.70% or 3.74 to hit $83.23 a barrel, while the December Brent oil contract rose 4.05% or 3.45 to trade at $88.59 a barrel.

EUR/USD was unchanged 0.04% to 0.98, while EUR/GBP fell 0.95% to 0.87.

The US Dollar Index Futures was down 0.24% at 111.81.