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Germany's benchmark DAX index reaches historical high

Xinhua, January 20, 2015 Adjust font size:

The benchmark DAX index at the Frankfurt Stock Exchange on Monday reached a new high during the trading day and closed at 0.73 percent.

The DAX index achieved an historical high of 10,293.04 points, closing at 10,242.35 points.

As investors wait for the government bonds purchase program from the European Central Bank, which is meeting on Thursday, the rally at the exchange is in full swing, according to the German business daily Handelsblatt.

The rally left 27 out of 30 DAX member shares rise, with adidas AG taking the lead with an increase of 3.92 percent. Commerzbank AG advanced by 2.13 percent. Fresenius Medical Care AG & Co. added 1.86 percent. Infineon Technologies AG, a semiconductor producer, climbed by 1.72 percent and Merck KGaA, a pharmaceutical and chemical company went up by 1.64 percent.

Fresenius SE & Co. KGaA, a health care company, slipped by 0.43 percent. Allianz SE lost 0.25 percent and SAP SE went slightly down by 0.1 percent.

The turnover stood at 3.33 billion euros (around 3.87 billion U.S. dollars). Daimler AG was the most traded share of the day with a turnover of 280.67 million euros. Endite