Germany’s DAX index Ends

Oil prices hiked and the exchange rate of euro plunged, which contributed to the recovery of the DAX index, according to local analysts. The blue-chip DAX index added 185.54 points, or 1.98 percent.

The two utilities companies RWE and E.ON led the risers’ list, up by 5.63 percent and 5.3 percent. Thyssenkrupp rose by 4.82 percent. Volkswagen advanced by 4.21 percent. Deutsche Bank climbed by 3.95 percent.

Deutsche Lufthansa and adidas lost 0.48 percent and 0.1 percent respectively.

Bayer was the most traded share of the day with a turnover of 220.91 million euros (around 245.81 million U.S. dollars). Enditem

Source: Xinhua, February 23, 2016