Off the wire
• U.S. to support new entrepreneurs in Tunisia: Obama  • U.S. factory orders continues to fall in January  • Iran says nuke deal possible if sanctions lifted "all at once"  • Roundup: Biggest Mobile World Congress in history closes doors  • LME base metals prices firmer on Thursday  • Update: Israel to import Gaza agricultural products first time in 7 years  • Ukraine's pessimistic scenario sees GDP contraction in 2015 at 11.9 pct  • Cyprus to scrap all capital controls by end of March  • Israeli Arab leaders call on gov't to fight crime  • U.S. labor productivity falls at faster pace in Q4  
You are here: 　 Home

German benchmark DAX index hits new record high

Xinhua, March 6, 2015 Adjust font size:

The benchmark DAX index at the Frankfurt Stock Exchange on Thursday continued to rally and closed above 11,500 ponits.

The European Central Bank (ECB) held the monthly monetary policy meeting in Cyprus on Thursday. ECB President Mario Draghi announced after the meeting that the Quantitative Easing program will start next Monday.

The rally at the exchange continued largely due to the annoucement by Draghi, according to analysts. The blue-chip index added 113.63 points, or 1 percent, and closed at 11,504.01 points, a new record high.

The rally drove 27 out of the 30 DAX member shares up with adidas AG taking the lead with a 3.43 percent increase. Infineon Technologies AG, a semiconductor and system producer, advanced by 2.43 percent. ThyssenKrupp AG rose by 2.32 percent. The utilities company RWE AG St gained 1.96 percent and HeidelbergCement AG went up by 1.77 percent.

Henkel AG & Co. KGaA Vz, a laundry and home care company, dropped the most by 0.85 percent. Deutsche Lufthansa AG lost 0.54 percent and Allianz SE slipped slightly by 0.2 percent.

The turnover stood at 3.78 billion euros (around 4.21 billion U.S. dollars ). Daimler AG was the most traded share of the day with a turnover of 354.56 million euros (around 394.83 million U.S. dollars). Endit