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Germany's benchmark DAX index rebounds

FRANKFURT
2016-02-18 06:23

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The benchmark DAX index at Frankfurt Stock Exchange on Wednesday rebounded and added more than 200 points.

Rising oil prices have shored up the confidence of investors. The blue-chip index gained 242.1 points, or 2.65 percent and closed at 9,377.21 points. Thyssenkrupp advanced markedly by 9.25 percent.

Deutsche Bank rose by 6.34 percent. K+S, a supplier of standard and specialty fertilizers, surged by 5.89 percent. Adidas and Volkswagen each went up by 4.6 percent and 4.14 percent. On the other hand, the utilities company RWEslumped by 12.42 percent.

Beiersdorf, a skin care company lost 2.92 percent. Another utilities company E.ON slipped by 1.37 percent. Daimler was the most traded share of the day with a turnover of 343.46 million euros (around 383.23 million U.S. dollars).

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