Germany stocks higher at close of trade; DAX up 1.58%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Software, Retail and Media sectors led shares higher.

At the close in Frankfurt, the DAX added 1.58% to hit a new all time high, while the MDAX index climbed 1.17%, and the TecDAX index added 1.54%.

The best performers of the session on the DAX were Siemens Energy AG (ETR:ENR1n), which rose 8.62% or 1.07 points to trade at 13.49 at the close. Meanwhile, SAP SE (ETR:SAPG) added 7.63% or 11.40 points to end at 160.76 and Vonovia SE (ETR:VNAn) was up 3.50% or 0.93 points to 27.52 in late trade.

The worst performers of the session were Beiersdorf AG O.N. (ETR:BEIG), which fell 1.63% or 2.20 points to trade at 132.40 at the close. Merck KGaA (ETR:MRCG) declined 1.31% or 1.95 points to end at 146.85 and Airbus Group SE (ETR:AIRG) was down 0.89% or 1.32 points to 146.74.

The top performers on the MDAX were Jenoptik AG (ETR:JENGn) which rose 8.33% to 29.90, Aixtron SE (ETR:AIXGn) which was up 5.45% to settle at 36.18 and LEG Immobilien AG (ETR:LEGn) which gained 3.97% to close at 74.34.

The worst performers were Puma SE (ETR:PUMG) which was down 10.75% to 38.36 in late trade, Rational AG (ETR:RAAG) which lost 2.58% to settle at 717.00 and Sixt SE (ETR:SIXG) which was down 2.03% to 91.70 at the close.

The top performers on the TecDAX were Jenoptik AG (ETR:JENGn) which rose 8.33% to 29.90, SAP SE (ETR:SAPG) which was up 7.63% to settle at 160.76 and Morphosys AG O.N. (ETR:MORG) which gained 6.23% to close at 34.93.

The worst performers were Verbio Vereinigte Bioenergie AG (ETR:VBKG) which was down 5.39% to 19.75 in late trade, Energiekontor AG (ETR:EKTG) which lost 2.06% to settle at 76.20 and CompuGroup Medical AG O.N. (ETR:COP1n) which was down 0.70% to 39.74 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 400 to 229 and 23 ended unchanged.

Shares in SAP SE (ETR:SAPG) rose to all time highs; gaining 7.63% or 11.40 to 160.76. Shares in Puma SE (ETR:PUMG) fell to 5-year lows; losing 10.75% or 4.62 to 38.36. Shares in SAP SE (ETR:SAPG) rose to all time highs; up 7.63% or 11.40 to 160.76.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.73% to 13.05 a new 1-month low.

Gold Futures for February delivery was down 0.41% or 8.35 to $2,017.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.75% or 1.30 to hit $75.67 a barrel, while the March Brent oil contract rose 1.31% or 1.04 to trade at $80.59 a barrel.

EUR/USD was unchanged 0.44% to 1.09, while EUR/GBP unchanged 0.09% to 0.85.

The US Dollar Index Futures was down 0.50% at 102.88.