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Germany's benchmark DAX index closes down

Xinhua, November 13, 2015 Adjust font size:

The benchmark DAX index at the Frankfurt Stock Exchange on Thursday closed down by over 100 points.

In spite of the confirmation of European Central Bank (ECB) president Mario Draghi that the monetary policy will continue to expand, the poor performance of some companies during the third quarter brought the blue-chip DAX index down. It declined by 125.24 points, or 1.15 percent and closed at 10,782.63 points.

Siemens AG advanced by 1.92 percent. Merck KGaA, a leading pharmaceutical, chemical and life science company, added 1.47 percent.

The utilities company RWE AG St, which reported falling profits for the third quarter, was the biggest loser of the day. It plunged by 9.59 percent, followed by adidas AG with a 3.48 percent decline.

Another utilities company E.ON SE slipped by 3.24 percent. ThyssenKrupp AG lost 2.71 percent. K+S Aktiengesellschaft, a supplier of standard and specialty fertilizers, went down by 2.17 percent.

The turnover stood at 3.48 billion euros (around 3.74 billion U.S. dollars ). Siemens AG was the most traded share of the day with a turnover of 410.95 million euros (around 441.29 million U.S. dollars). Enditem