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Germany's benchmark DAX index rebounds to 10,800 points

Xinhua, December 30, 2015 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Tuesday rebounded sharply by 206.23 points, or 1.94 percent, and closed up at 10860.14 points.

The euro on Tuesday was down slightly against the U.S. dollar, meanwhile oil prices recovered, which boosted German stock market. However, in view of the thin turnover, the current development of German shares could be overvalued, according to Handelsblatt. The real movement would not emerge until most traders return from holiday break.

The leading exchange organization Deutsche Boerse was the top riser with an advance of 3.50 percent, followed by K+S and Adidas which added respectively by 2.84 percent and 2.72 percent. RWE was the only loser among the DAX index components, whose share price dropped by 0.34 percent.

The Germany-based international financial service company Allianz was the most traded share of the day with a turnover of 150.30 million euros (164.37 million U.S.dollars). Enditem