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Germany stocks higher at close of trade; DAX up 0.40%

Stock Markets1 hour ago (Mar 09, 2021 02:15PM ET)

(C) Reuters Germany stocks higher at close of trade; DAX up 0.40% – Germany stocks were higher after the close on Tuesday, as gains in the Retail, Technology and Utilities sectors led shares higher.

At the close in Frankfurt, the DAX gained 0.40% to hit a new all time high, while the MDAX index gained 1.00%, and the TecDAX index added 1.71%.

The best performers of the session on the DAX were Delivery Hero AG (DE:DHER), which rose 4.64% or 4.75 points to trade at 107.10 at the close. Meanwhile, Deutsche Post AG NA O.N. (DE:DPWGn) added 3.75% or 1.620 points to end at 44.815 and Infineon Technologies AG NA O.N. (DE:IFXGn) was up 3.49% or 1.150 points to 34.125 in late trade.

The worst performers of the session were Continental AG O.N. (DE:CONG), which fell 7.34% or 9.47 points to trade at 119.63 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 3.34% or 0.370 points to end at 10.710 and Covestro AG (DE:1COV) was down 1.87% or 1.140 points to 59.880.

The top performers on the MDAX were Siemens Energy AG (DE:ENR1n) which rose 5.17% to 31.15, HelloFresh SE (DE:HFGG) which was up 4.57% to settle at 58.30 and TeamViewer AG (DE:TMV) which gained 4.10% to close at 42.93.

The worst performers were Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which was down 5.63% to 42.570 in late trade, GEA Group AG (DE:G1AG) which lost 4.11% to settle at 32.095 and Fraport AG (DE:FRAG) which was down 3.67% to 53.875 at the close.

The top performers on the TecDAX were Draegerwerk VZO O.N. (DE:DRWG_p) which rose 5.80% to 65.700, Nordex SE O.N. (DE:NDXG) which was up 5.15% to settle at 20.820 and Eckert & Ziegler AG O.N. (DE:EUZG) which gained 5.06% to close at 58.100.

The worst performers were Telefonica Deutschland Holding AG (DE:O2Dn) which was down 0.77% to 2.326 in late trade, Freenet AG NA (DE:FNTGn) which lost 0.19% to settle at 19.688 and Drillisch AG (DE:DRIG) which was up 0.08% to 25.210 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 431 to 260 and 65 ended unchanged.

Shares in Deutsche Post AG NA O.N. (DE:DPWGn) rose to all time highs; up 3.75% or 1.620 to 44.815.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.71% to 21.25 a new 52-week low.

Gold Futures for April delivery was up 2.21% or 37.00 to $1715.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 1.71% or 1.11 to hit $63.94 a barrel, while the May Brent oil contract fell 1.16% or 0.79 to trade at $67.45 a barrel.

EUR/USD was up 0.46% to 1.1897, while EUR/GBP fell 0.04% to 0.8561.

The US Dollar Index Futures was down 0.38% at 91.983.

Germany stocks higher at close of trade; DAX up 0.40%

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