Germany stocks higher at close of trade; DAX up 0.86%

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

At the close in Frankfurt, the DAX gained 0.86% to hit a new 1-month high, while the MDAX index climbed 0.80%, and the TecDAX index added 1.23%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (ETR:IFXGn), which rose 9.43% or 2.88 points to trade at 33.49 at the close. Meanwhile, Siemens Energy AG (ETR:ENR1n) added 8.88% or 0.91 points to end at 11.16 and Zalando SE (ETR:ZALG) was up 3.08% or 0.72 points to 24.13 in late trade.

The worst performers of the session were Heidelbergcement AG O.N. (ETR:HEIG), which fell 1.84% or 1.34 points to trade at 71.46 at the close. Vonovia SE (ETR:VNAn) declined 1.79% or 0.45 points to end at 24.73 and E.ON SE (ETR:EONGn) was down 1.14% or 0.13 points to 11.30.

The top performers on the MDAX were Delivery Hero AG (ETR:DHER) which rose 5.15% to 31.23, Encavis AG (ETR:ECVG) which was up 3.62% to settle at 14.03 and SMA Solar Technology AG (ETR:S92G) which gained 3.37% to close at 58.25.

The worst performers were LEG Immobilien AG (ETR:LEGn) which was down 2.71% to 68.94 in late trade, United Internet AG NA (ETR:UTDI) which lost 1.95% to settle at 19.61 and CTS Eventim AG (ETR:EVDG) which was down 1.56% to 63.00 at the close.

The top performers on the TecDAX were Infineon Technologies AG NA O.N. (ETR:IFXGn) which rose 9.43% to 33.49, Nagarro SE (ETR:NA9n) which was up 4.20% to settle at 80.60 and SMA Solar Technology AG (ETR:S92G) which gained 3.37% to close at 58.25.

The worst performers were Morphosys AG O.N. (ETR:MORG) which was down 6.12% to 26.24 in late trade, ADTRAN Holdingsa Inc (ETR:QH9) which lost 2.51% to settle at 5.13 and United Internet AG NA (ETR:UTDI) which was down 1.95% to 19.61 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 388 to 246 and 23 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.08% to 14.09 a new 1-month low.

Gold Futures for December delivery was down 0.06% or 1.15 to $1,965.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 1.01% or 0.79 to hit $77.47 a barrel, while the January Brent oil contract fell 0.70% or 0.58 to trade at $81.89 a barrel.

EUR/USD was unchanged 0.27% to 1.09, while EUR/GBP unchanged 0.31% to 0.87.

The US Dollar Index Futures was up 0.27% at 104.19.