Germany stocks higher at close of trade; DAX up 0.82%

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

At the close in Frankfurt, the DAX added 0.82%, while the MDAX index climbed 1.13%, and the TecDAX index added 0.73%.

The best performers of the session on the DAX were MTU Aero Engines NA O.N. (ETR:MTXGn), which rose 4.13% or 9.00 points to trade at 227.00 at the close. Meanwhile, Brenntag AG (ETR:BNRGn) added 3.71% or 2.62 points to end at 73.30 and Airbus Group SE (ETR:AIRG) was up 2.66% or 3.08 points to 119.04 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (ETR:DBKGn), which fell 1.23% or 0.14 points to trade at 11.41 at the close. Fresenius Medical Care KGAA ST (ETR:FMEG) declined 0.80% or 0.30 points to end at 37.05 and Merck KGaA (ETR:MRCG) was down 0.74% or 1.40 points to 186.60.

The top performers on the MDAX were United Internet AG NA (ETR:UTDI) which rose 5.26% to 20.70, Thyssenkrupp AG O.N. (ETR:TKAG) which was up 4.66% to settle at 6.61 and Gerresheimer AG (ETR:GXIG) which gained 4.23% to close at 75.20.

The worst performers were Software AG (ETR:SOWGn) which was down 3.66% to 19.24 in late trade, Aroundtown Property Holdings PLC (ETR:AT1) which lost 2.91% to settle at 2.51 and Aixtron SE (ETR:AIXGn) which was down 1.10% to 25.26 at the close.

The top performers on the TecDAX were United Internet AG NA (ETR:UTDI) which rose 5.26% to 20.70, ADTRAN Holdingsa Inc (ETR:QH9) which was up 3.77% to settle at 16.50 and Morphosys AG O.N. (ETR:MORG) which gained 3.47% to close at 18.92.

The worst performers were Software AG (ETR:SOWGn) which was down 3.66% to 19.24 in late trade, Aixtron SE (ETR:AIXGn) which lost 1.10% to settle at 25.26 and Siltronic AG (ETR:WAFGn) which was down 0.32% to 77.25 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 465 to 231 and 64 ended unchanged.

Shares in Software AG (ETR:SOWGn) fell to 5-year lows; down 3.66% or 0.73 to 19.24. Shares in Software AG (ETR:SOWGn) fell to 5-year lows; down 3.66% or 0.73 to 19.24.

The DAX volatility index, which measures the implied volatility of DAX options, was down 6.61% to 17.66.

Gold Futures for April delivery was down 1.09% or 20.35 to $1,845.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.95% or 0.75 to hit $78.31 a barrel, while the April Brent oil contract fell 0.68% or 0.58 to trade at $85.00 a barrel.

EUR/USD was down 0.61% to 1.07, while EUR/GBP rose 0.77% to 0.89.

The US Dollar Index Futures was up 0.80% at 103.95.