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Germany's benchmark DAX index continues to advance

Xinhua, February 4, 2015 Adjust font size:

The benchmark DAX index at the Frankfurt Stock Exchange on Tuesday continued to advance and closed at 10,890.95 points.

As the European Central Bank (ECB) is going to initiate its government bonds purchase program in March, investors are pushing the blue-chip index higher. It added 0.58 percent and hit a new high of 10,984.69 points during the trading.

Commerzbank AG, the second largest bank in Germany, was the top riser of the day, up by 3.43 percent. The largest German bank Deutsche Bank AG also gained by 3.24 percent. The steel company ThyssenKrupp AG climbed by 2.51 percent and adidas AG advanced by 2.49 percent. Volkswagen AG Vz went up by 2.4 percent.

The two utilities companies RWE AG St and E.ON SE suffered the greatest losses, down by 4.55 percent and 3.92 percent respectively. Deutsche Lufthansa AG slipped by 2.4 percent. Beiersdorf Aktiengesellschaft, a personal care company, lost 1.65 percent. Merck KGaA a chemical and pharmaceutical company slid by 1.33 percent.

The turnover stood at 5.1 billion euros (around 5.77 billion U.S. dollars). Daimler AG was the most traded share of the day with a turnover of 503.11 million euros (around 569.56 million U.S. dollars). Enditem