JABAR EKSPRES – German stocks ended higher on Wednesday (June 28) local time, extending gains for a second straight day, with the benchmark DAX 40 index on the Frankfurt Stock Exchange adding 0.54 percent or 102.14 points to settle at 15,949.00 points.
The DAX 40 index rose 0.21 percent or 33.80 points to 15,846.86 points on Tuesday (June 27), after shrinking 0.11 percent or 16.88 points to 15,813.06 points on Monday (June 26), and falling 0.99 percent or 158.22 points to 15,829.94 points on Friday (June 23).
Of the 40 stocks of selected large companies that are components of the DAX 40 index, 35 stocks managed to record profits, while the remaining five stocks suffered losses.
Read more: French Stocks End Positive, CAC 40 Index Rises
The Frankfurt Stock Exchange as of September 20, 2021 officially expanded the components of the DAX 30 index to 40 stocks or the DAX 40 index.
Siemens Energy GA, a multinational energy company offering power generation and transmission, technical consulting, and operation and maintenance soared 6.74 percent, becoming the top gainer among the blue chips.
This was followed by shares of German precision electronic equipment and components manufacturer and marketer Sartorius AG, up 3.77 percent; and Dusseldorf-headquartered German automotive and arms industry company Rheinmetall AG, up 2.59 percent.
On the other hand, Zalando SE, a company that provides online sales of fashion accessories for men and women, recorded the biggest loss (top loser) among the leading stocks, with its share price slipping 5.76 percent.
Followed by shares of German company that produces polyurethane and polycarbonate raw materials Covestro AG fell 3.27 percent; and technology and manufacturing company focused on electrification, automation and digitalization Siemens AG lost 3.07 percent.
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