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Germany shares higher at close of trade; DAX up 0.64%

Investing.comAug 29, 2024 4:35 PM

Investing.com – Germany equities were higher at the close on Thursday, as gains in the Retail, Software and Technology sectors propelled shares higher.

At the close in Frankfurt, the DAX rose 0.64% to hit a new all time high, while the MDAX index added 1.20%, and the TecDAX index added 1.22%.

The biggest gainers of the session on the DAX were Adidas AG (ETR:ADSGN), which rose 2.03% or 4.60 points to trade at 231.60 at the close. SAP SE (ETR:SAPG) added 1.96% or 3.82 points to end at 199.02 and Sartorius AG VZO O.N. (ETR:SATG_p) was up 1.76% or 4.30 points to 248.70 in late trade.

Biggest losers included Vonovia SE (ETR:VNAn), which lost 1.73% or 0.54 points to trade at 30.66 in late trade. E.ON SE (ETR:EONGn) declined 1.17% or 0.15 points to end at 12.70 and Hannover Rueck SE (ETR:HNRGn) shed 0.97% or 2.50 points to 255.30.

The top performers on the MDAX were Delivery Hero AG (ETR:DHER) which rose 12.21% to 26.37, Gerresheimer AG (ETR:GXIG) which was up 7.54% to settle at 101.30 and Aixtron SE (ETR:AIXGn) which gained 3.93% to close at 17.58.

The worst performers were Aroundtown Property Holdings PLC (ETR:AT1) which was down 5.82% to 2.25 in late trade, Tag Immobilien AG (ETR:TEGG) which lost 3.58% to settle at 14.54 and LEG Immobilien AG (ETR:LEGn) which was down 2.07% to 85.34 at the close.

The top performers on the TecDAX were Suess Microtec NA O.N. (ETR:SMHNn) which rose 8.49% to 57.50, Elmos Semiconductor AG (ETR:ELGG) which was up 3.93% to settle at 82.00 and Aixtron SE (ETR:AIXGn) which gained 3.93% to close at 17.58.

The worst performers were Eckert&Ziegler AG O.N. (ETR:EUZG) which was down 3.26% to 43.34 in late trade, United Internet AG NA (ETR:UTDI) which lost 0.88% to settle at 19.13 and 11 AG (ETR:1U1) which was down 0.84% to 14.22 at the close.

Advancing stocks outnumbered falling ones by 403 to 202 and 35 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.44% to 14.50.

In commodities trading, Gold Futures for December delivery was up 0.66% or 16.70 to $2,554.50 a troy ounce. Meanwhile, Crude oil for delivery in October rose 1.87% or 1.39 to hit $75.91 a barrel, while the November Brent oil contract rose 1.37% or 1.06 to trade at $78.64 a barrel.

EUR/USD was unchanged 0.37% to 1.11, while EUR/GBP unchanged 0.28% to 0.84.

The US Dollar Index Futures was up 0.29% at 101.29.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
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