Germany stocks higher at close of trade; DAX up 0.16%

Investing.com – Germany stocks were higher after the close on Thursday, as gains in the Retail, Technology and Food&Beverages sectors led shares higher.

At the close in Frankfurt, the DAX gained 0.16% to hit a new 52-week high, while the MDAX index gained 0.81%, and the TecDAX index added 0.44%.

The best performers of the session on the DAX were Merck KGaA (ETR:MRCG), which rose 3.30% or 5.30 points to trade at 165.80 at the close. Meanwhile, Zalando SE (ETR:ZALG) added 2.55% or 0.92 points to end at 36.99 and Infineon Technologies AG NA O.N. (ETR:IFXGn) was up 1.98% or 0.70 points to 36.26 in late trade.

The worst performers of the session were Covestro AG (ETR:1COV), which fell 2.08% or 0.76 points to trade at 35.86 at the close. BASF SE NA O.N. (ETR:BASFN) declined 1.25% or 0.62 points to end at 48.81 and Deutsche Bank AG NA O.N. (ETR:DBKGn) was down 0.80% or 0.08 points to 9.52.

The top performers on the MDAX were HelloFresh SE (ETR:HFGG) which rose 5.29% to 24.90, Hensoldt Ag (ETR:HAGG) which was up 4.40% to settle at 35.08 and Thyssenkrupp AG O.N. (ETR:TKAG) which gained 4.29% to close at 7.15.

The worst performers were Fraport AG (ETR:FRAG) which was down 3.41% to 46.45 in late trade, ADTRAN Holdingsa Inc (ETR:QH9) which lost 2.78% to settle at 9.76 and Aixtron SE (ETR:AIXGn) which was down 2.64% to 29.15 at the close.

The top performers on the TecDAX were Hensoldt Ag (ETR:HAGG) which rose 4.40% to 35.08, Morphosys AG O.N. (ETR:MORG) which was up 3.94% to settle at 18.71 and United Internet AG NA (ETR:UTDI) which gained 3.92% to close at 15.38.

The worst performers were ADTRAN Holdingsa Inc (ETR:QH9) which was down 2.78% to 9.76 in late trade, Aixtron SE (ETR:AIXGn) which lost 2.64% to settle at 29.15 and Nordex SE O.N. (ETR:NDXG) which was down 2.13% to 11.50 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 375 to 291 and 83 ended unchanged.

Shares in ADTRAN Holdingsa Inc (ETR:QH9) fell to all time lows; down 2.78% or 0.28 to 9.76. Shares in ADTRAN Holdingsa Inc (ETR:QH9) fell to all time lows; falling 2.78% or 0.28 to 9.76.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.38% to 17.46 a new 1-month low.

Gold Futures for June delivery was up 1.46% or 29.55 to $2,054.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 1.07% or 0.89 to hit $82.37 a barrel, while the June Brent oil contract fell 1.11% or 0.97 to trade at $86.36 a barrel.

EUR/USD was up 0.63% to 1.11, while EUR/GBP unchanged 0.24% to 0.88.

The US Dollar Index Futures was down 0.56% at 100.61.