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German benchmark DAX index climbs up

English.news.cn   2014-07-30 08:06:14

FRANKFURT, July 29 (Xinhua) -- After a weak start on Monday, the benchmark DAX index at the Frankfurt Stock Exchange recovered Tuesday with an increase of 55.46 points, up by 0.58 percent.

At the beginning of the trading day, concerns about the Eastern European crisis and the upcoming interest rate decision of the Federal Reserve made investors hesitate, but then the good figures of German companies and the positive consumer mood in the United States drove the DAX back to the positive territory, closing at 9653.63 points.

HeidelbergCement AG, one of the world's biggest producers of cement, concrete and construction materials, gained the most of 1.60 percent, followed by Deutsche Borse AG, Linde AG, Henkel AG & Co. KGaA Vz and Daimler AG, climbing 1.56 percent, 1.46 percent, 1.30 percent and 1.28 percent respectively.

The specialty chemicals group LANXESS AG lost 0.82 percent and topped the list of fallers on Tuesday. BMW AG St, the health care company Fresenius SE & Co. KGaA, and Commerzbank AG lost 0.74 percent, 0.37 percent and 0.22 percent respectively. Deutsche Lufthansa also slipped by 0.17 percent.

The turnover stood at 2.75 billion euros (around 3.69 billion U.S. dollars).

Editor: An
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