Germany stocks higher at close of trade; DAX up 1.48%

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

At the close in Frankfurt, the gained 1.48%, while the index gained 1.19%, and the index added 2.24%.

The best performers of the session on the were Infineon Technologies AG NA O.N. (DE:), which rose 10.63% or 2.140 points to trade at 22.270 at the close. Meanwhile, Continental AG O.N. (DE:) added 4.17% or 4.28 points to end at 107.04 and Daimler AG NA O.N. (DE:) was up 4.03% or 1.705 points to 44.055 in late trade.

The worst performers of the session were MTU Aero Engines NA O.N. (DE:), which fell 2.82% or 7.80 points to trade at 269.10 at the close. Deutsche Boerse AG (DE:) declined 0.73% or 1.100 points to end at 150.200 and Adidas AG (DE:) was down 0.33% or 0.95 points to 290.45.

The top performers on the MDAX were CompuGroup Medical AG O.N. (DE:) which rose 12.38% to 68.100, Software AG (DE:) which was up 11.18% to settle at 34.745 and Qiagen NV (DE:) which gained 4.93% to close at 31.950.

The worst performers were Telefonica Deutschland Holding AG (DE:) which was down 5.61% to 2.589 in late trade, Alstria Office Reit-Ag (DE:) which lost 1.60% to settle at 17.850 and Varta AG (DE:) which was down 0.89% to 77.800 at the close.

The top performers on the TecDAX were CompuGroup Medical AG O.N. (DE:) which rose 12.38% to 68.100, Software AG (DE:) which was up 11.18% to settle at 34.745 and Infineon Technologies AG NA O.N. (DE:) which gained 10.63% to close at 22.270.

The worst performers were Telefonica Deutschland Holding AG (DE:) which was down 5.61% to 2.589 in late trade, New Work SE (DE:) which lost 1.32% to settle at 299.00 and Varta AG (DE:) which was down 0.89% to 77.800 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 451 to 260 and 34 ended unchanged.

Shares in Infineon Technologies AG NA O.N. (DE:) rose to 52-week highs; up 10.63% or 2.140 to 22.270. Shares in Software AG (DE:) rose to 52-week highs; rising 11.18% or 3.495 to 34.745. Shares in Software AG (DE:) rose to 52-week highs; up 11.18% or 3.495 to 34.745. Shares in Infineon Technologies AG NA O.N. (DE:) rose to 52-week highs; up 10.63% or 2.140 to 22.270.

The , which measures the implied volatility of DAX options, was down 18.70% to 14.30.

Gold Futures for April delivery was up 0.43% or 6.75 to $1562.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 3.91% or 1.94 to hit $51.55 a barrel, while the April Brent oil contract rose 3.63% or 1.96 to trade at $55.92 a barrel.

EUR/USD was down 0.38% to 1.0999, while EUR/GBP fell 0.16% to 0.8459.

The US Dollar Index Futures was up 0.30% at 98.105.

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