Germany’s benchmark DAX index closes down

Frankfurt, Oct 15 (IANS) The benchmark DAX index at the Frankfurt Stock Exchange on Wednesday lost over 100 points and closed at 9,915.85 points.

Investors are under selling pressure after substantial gains last week, according to local analysts. The blue-chip index lost 116.97 points, or 1.17 percent, reported Xinhua.

The utilities company E.ON SE topped the list of risers with an increase of 3.32 percent. The semiconductor company Infineon Technologies AG added 1.39 percent. The sport company adidas AG advanced by 1.05 percent. Deutsche Lufthansa AG climbed by 0.33 percent. Volkswagen AG Vz went up by 0.28 percent.

Vonovia SE, a real estate company, dropped sharply by 5.18 percent. Linde AG, an industrial gas company, slipped by 2.5 percent. Merck KGaA, a pharmaceutical, chemical and life science company, plunged by 2.4 percent. BASF SE slid by 2.23 percent.

The turnover stood at 3.31 billion euros (around $3.76 billion). Volkswagen AG Vz was the most traded share of the day with a turnover of 249.24 million euros (around $283.45 million).

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