Germany’s benchmark DAX index drops

Frankfurt, Jan 9 (IANS) The benchmark DAX index at Frankfurt Stock Exchange on Friday further dropped by over 130 points, or 1.31 percent, and closed down at 9,849.34 points.

The blue-chip index opened higher based on the previous day’s plunge of more than 2 percent, early afternoon once recaptured the 10,100 level owing to impulse of the strong US labour market data, reports Xinhua.

However, investors’ dampening sentiment about Asian market continued weighing on German shares, which made DAX index sharply fell late afternoon and return downwards below 10,000 points.

So far, DAX index had dropped 8.3 percent for the first week of the new year, suffering its worst weekly loss since August 2011.

The German supplier of industrial gases Linde and the automobile manufacture Volkswagen were the only risers, which advanced by 0.64 percent and 0.09 percent respectively. Deutsche Bank lost the most among fallers by 3.24 percent, followed by Bayer and Infineon.

Daimer was the most traded share of the day with a turnover of around $433 million.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here