Germany's major equity indexes finished the trading day in positive territory on Thursday, with technology, transport and healthcare-related names driving much of the advance.
At the close in Frankfurt the DAX rose 0.83%, the MDAX gained 1.02% and the TecDAX climbed 2.11%.
Top movers on the DAX
- Infineon Technologies AG NA O.N. (ETR:IFXGn) was the session's strongest DAX member, advancing 4.34% or 3.05 points to finish at 73.35.
- Zalando SE (ETR:ZALG) added 3.36% or 0.88 points to close at 27.05.
- Siemens AG Class N (ETR:SIEGn) rose 3.11% or 8.25 points to end at 273.80.
Laggards on the DAX
- Rheinmetall AG (ETR:RHMG) fell 4.31% or 45.60 points to trade at 1,013.20 at the close.
- Deutsche Boerse AG (ETR:DB1Gn) declined 1.37% or 3.50 points to finish at 251.80.
- Daimler Truck Holding AG (ETR:DTGGe) was down 1.25% or 0.53 points to 41.85.
MDAX and TecDAX highlights
- On the MDAX, Sartorius AG VZO O.N. (ETR:SATG_p) led winners, jumping 5.90% to 233.30.
- Aixtron SE (ETR:AIXGn) rose 5.89% to settle at 45.27 and Wacker Chemie O.N. (ETR:WCHG) gained 5.26% to close at 92.00.
- MDAX declines included Redcare Pharmacy NV (ETR:RDC), which slid 8.05% to 62.25, Hensoldt Ag (ETR:HAGG), down 5.67% to 74.22, and TKMS GmbH (ETR:TKMS), which fell 4.50% to 84.80.
In the TecDAX, Siltronic AG (ETR:WAFGn) posted the biggest percentage gain, advancing 13.35% to 90.85. SUSS MicroTec SE (ETR:SMHNn) rose 7.26% to 81.95, and Sartorius (ETR:SATG_p) again appeared among the leaders with a 5.90% uptick to 233.30.
Market breadth and volatility
Rising issues outnumbered decliners on the Frankfurt Stock Exchange by 400 to 255, while 28 shares finished unchanged. The DAX volatility index, a measure of implied volatility for DAX options, increased 5.67% to 17.13.
Commodities and currencies
Commodities traded with mixed direction. Gold futures for August delivery were reported up 1.33% or 54.50 to $4,136.90 a troy ounce. Crude oil for August delivery fell 2.07% or 1.52 to $72.00 a barrel, and the September Brent contract declined 2.03% or 1.58 to trade at $76.44 a barrel.
In foreign exchange, EUR/USD was reported unchanged at 0.20% to 1.14, while EUR/GBP was unchanged 0.01% to 0.85. The US Dollar Index Futures slipped 0.10% to 100.66.
Observations
The session featured selective strength among technology and healthcare-related names, with several mid-cap and small-cap industrials also participating in the uptick across the MDAX and TecDAX. Meanwhile, pockets of weakness persisted in defence-related and exchange infrastructure names, which weighed on the index's downside components.
For reference, the DAX closed at 25,104.12, up 206.67 points or 0.83% on the day.