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Germany stocks mixed at close of trade; DAX up 0.71%

Stock Markets1 hour ago (Mar 10, 2021 02:15PM ET)

(C) Reuters. Germany stocks mixed at close of trade; DAX up 0.71%

Investing.com – Germany stocks were mixed after the close on Wednesday, as gains in the Telecoms, Consumer & Cyclical and Chemicals sectors led shares higher while losses in the Technology, Transportation & Logistics and Retail sectors led shares lower.

At the close in Frankfurt, the DAX gained 0.71% to hit a new all time high, while the MDAX index lost 0.17%, and the TecDAX index declined 0.05%.

The best performers of the session on the DAX were Deutsche Telekom AG Na (DE:DTEGn), which rose 5.01% or 0.772 points to trade at 16.170 at the close. Meanwhile, Adidas AG (DE:ADSGN) added 2.65% or 7.50 points to end at 290.30 and Fresenius Medical Care KGAA ST (DE:FMEG) was up 2.50% or 1.480 points to 60.760 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (DE:IFXGn), which fell 3.94% or 1.345 points to trade at 32.780 at the close. Continental AG O.N. (DE:CONG) declined 3.20% or 3.83 points to end at 115.80 and Delivery Hero AG (DE:DHER) was down 3.03% or 3.25 points to 103.85.

The top performers on the MDAX were Brenntag AG (DE:BNRGn) which rose 4.57% to 70.500, Siemens Healthineers AG (DE:SHLG) which was up 3.10% to settle at 45.99 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 3.01% to close at 2.396.

The worst performers were K&S AG (DE:SDFGn) which was down 9.39% to 9.054 in late trade, Commerzbank AG O.N. (DE:CBKG) which lost 2.83% to settle at 5.529 and Deutsche Lufthansa AG (DE:LHAG) which was down 2.72% to 12.082 at the close.

The top performers on the TecDAX were Deutsche Telekom AG Na (DE:DTEGn) which rose 5.01% to 16.170, Siemens Healthineers AG (DE:SHLG) which was up 3.10% to settle at 45.99 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 3.01% to close at 2.396.

The worst performers were LPKF Laser & Electronics (DE:LPKG) which was down 4.09% to 24.600 in late trade, Infineon Technologies AG NA O.N. (DE:IFXGn) which lost 3.94% to settle at 32.780 and Jenoptik AG (DE:JENGn) which was down 2.58% to 26.440 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 384 to 310 and 60 ended unchanged.

Shares in Deutsche Telekom AG Na (DE:DTEGn) rose to 52-week highs; rising 5.01% or 0.772 to 16.170. Shares in Brenntag AG (DE:BNRGn) rose to 5-year highs; rising 4.57% or 3.080 to 70.500. Shares in Deutsche Telekom AG Na (DE:DTEGn) rose to 52-week highs; gaining 5.01% or 0.772 to 16.170.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.49% to 20.72 a new 52-week low.

Gold Futures for April delivery was up 0.37% or 6.40 to $1723.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.83% or 0.53 to hit $64.54 a barrel, while the May Brent oil contract rose 0.76% or 0.51 to trade at $68.03 a barrel.

EUR/USD was up 0.18% to 1.1920, while EUR/GBP fell 0.01% to 0.8561.

The US Dollar Index Futures was down 0.12% at 91.852.

Germany stocks mixed at close of trade; DAX up 0.71%

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