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Germany stocks higher at close of trade; DAX up 1.25%

imageStock Markets2 hours ago (Apr 14, 2020 01:15PM ET)

(C) Reuters. Germany stocks higher at close of trade; DAX up 1.25% – Germany stocks were higher after the close on Tuesday, as gains in the Retail, Food & Beverages and Technology sectors led shares higher.

At the close in Frankfurt, the DAX added 1.25% to hit a new 1-month high, while the MDAX index gained 1.24%, and the TecDAX index added 3.23%.

The best performers of the session on the DAX were Wirecard AG (DE:WDIG), which rose 7.32% or 8.290 points to trade at 121.480 at the close. Meanwhile, Infineon Technologies AG NA O.N. (DE:IFXGn) added 4.07% or 0.665 points to end at 16.995 and Beiersdorf AG O.N. (DE:BEIG) was up 3.11% or 2.840 points to 94.160 in late trade.

The worst performers of the session were MTU Aero Engines NA O.N. (DE:MTXGn), which fell 6.12% or 8.10 points to trade at 124.30 at the close. Heidelbergcement AG O.N. (DE:HEIG) declined 3.24% or 1.420 points to end at 42.430 and E.ON SE NA (DE:EONGn) was down 1.35% or 0.120 points to 8.798.

The top performers on the MDAX were Osram Licht AG (DE:OSRn) which rose 12.03% to 37.25, Varta AG (DE:VAR1) which was up 8.00% to settle at 74.900 and Delivery Hero AG (DE:DHER) which gained 5.95% to close at 66.62.

The worst performers were CTS Eventim AG (DE:EVDG) which was down 3.61% to 40.000 in late trade, Aareal Bank AG (DE:ARLG) which lost 2.99% to settle at 16.220 and Aroundtown Property Holdings PLC (DE:AT1) which was down 2.89% to 5.104 at the close.

The top performers on the TecDAX were Varta AG (DE:VAR1) which rose 8.00% to 74.900, Wirecard AG (DE:WDIG) which was up 7.32% to settle at 121.480 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 5.44% to close at 236.600.

The worst performers were Nordex SE O.N. (DE:NDXG) which was down 1.96% to 7.990 in late trade, Carl Zeiss Meditec AG (DE:AFXG) which lost 1.42% to settle at 94.050 and Siltronic AG (DE:WAFGn) which was down 0.21% to 76.680 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 458 to 245 and 40 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 6.17% to 43.97.

Gold Futures for June delivery was up 0.33% or 5.80 to $1767.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 7.41% or 1.66 to hit $20.75 a barrel, while the June Brent oil contract fell 6.08% or 1.93 to trade at $29.81 a barrel.

EUR/USD was up 0.53% to 1.0971, while EUR/GBP fell 0.25% to 0.8696.

The US Dollar Index Futures was down 0.41% at 98.925.

Germany stocks higher at close of trade; DAX up 1.25%

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