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Germany's benchmark DAX index closes up on Friday

Xinhua, November 26, 2016 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Friday added 10.01 points, or 0.09 percent, and closed at 10,699.27 points. The Index advanced 0.3 percent for the week.

Investors fear that a no vote of Italy's upcoming referendum on Dec.4 could lead to a political and financial crisis in Italy, and thus threaten the stability of the whole euro zone or EU.

German market stayed cautious, but this sideway trend will break with the result of Italy's referendum, either up or down, according to some analysts.

German utility giant E.ON led the list of top performing stocks, with percentage gain of 1.64, followed by chemical and pharmaceutical company Merck and FMC.

Germany's largest steelmaker Thyssenkrupp dropped the most by 2.90 percent with financial results that were weaker than expected in the fourth quarter.

SAP was the most traded share of the day with a turnover of 141.96 million euros (150.36 million U.S. dollars). Endit