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Germany's benchmark DAX index rebounds

Xinhua, February 11, 2016 Adjust font size:

The benchmark DAX index at the Frankfurt Stock Exchange on Wednesday rebounded and added 1.55 percent.

As shares of banks surged, the blue-chip DAX index advanced by 137.89 points and closed at 9,017.29 points. However, it is feared that there will be further correction given that major stock markets around the world are gripped by gloomy sentiment, according to local analysts.

Deutsche Bank advanced markedly by 10.2 percent. Commerzbank added 8.22 percent. Vonovia, a real estate company, climbed by 4.9 percent. HeidelbergCement rose by 3.69 percent. Fresenius, a health care group, went up by 3.39 percent.

On the other hand, the two utilities companies E.ON and RWE suffered losses. They plunged by 3.95 percent and 3.1 percent respectively.

Deutsche Bank was the most traded share of the day with a turnover of 418.5 million euros (around 470.03 million U.S. dollars). Enditem