Germany stocks higher at close of trade; DAX up 2.18%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Insurance, Consumer&Cyclical and Retail sectors led shares higher.

At the close in Frankfurt, the DAX gained 2.18%, while the MDAX index climbed 2.05%, and the TecDAX index added 1.84%.

The best performers of the session on the DAX were Vonovia SE (ETR:VNAn), which rose 5.41% or 1.26 points to trade at 24.57 at the close. Meanwhile, Deutsche Bank AG NA O.N. (ETR:DBKGn) added 5.27% or 0.59 points to end at 11.70 and Adidas AG (ETR:ADSGN) was up 4.93% or 6.50 points to 138.38 in late trade.

The worst performers of the session were RWE AG ST O.N. (ETR:RWEG), which fell 2.40% or 0.95 points to trade at 38.67 at the close. Deutsche Boerse AG (ETR:DB1Gn) declined 1.09% or 1.75 points to end at 159.35 and Linde PLC (ETR:LINI) was up 0.35% or 1.05 points to 300.70.

The top performers on the MDAX were Lanxess AG (ETR:LXSG) which rose 5.95% to 43.06, Tag Immobilien AG (ETR:TEGG) which was up 5.83% to settle at 6.99 and Kion Group AG (ETR:KGX) which gained 5.61% to close at 31.83.

The worst performers were Wacker Chemie O.N. (ETR:WCHG) which was down 5.45% to 115.35 in late trade, Verbio Vereinigte Bioenergie AG (ETR:VBKG) which lost 2.30% to settle at 59.35 and Rheinmetall AG (ETR:RHMG) which was down 0.75% to 199.00 at the close.

The top performers on the TecDAX were Varta AG (ETR:VAR1) which rose 7.61% to 25.59, Morphosys AG O.N. (ETR:MORG) which was up 6.64% to settle at 14.36 and Cancom SE O.N. (ETR:COKG) which gained 3.77% to close at 29.72.

The worst performers were Verbio Vereinigte Bioenergie AG (ETR:VBKG) which was down 2.30% to 59.35 in late trade, Nordex SE O.N. (ETR:NDXG) which lost 0.70% to settle at 12.77 and Suse SA (ETR:SUSEG) which was down 0.61% to 17.87 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 519 to 166 and 72 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.32% to 19.82.

Gold Futures for February delivery was up 0.68% or 12.50 to $1,858.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 4.16% or 3.20 to hit $73.73 a barrel, while the March Brent oil contract fell 4.10% or 3.37 to trade at $78.73 a barrel.

EUR/USD was up 0.58% to 1.06, while EUR/GBP unchanged 0.31% to 0.88.

The US Dollar Index Futures was down 0.31% at 103.99.