German shares gain 0.55 pct as Thursday trading starts

Xinhua
21 Jan 2021, 21:05 GMT+10

BERLIN, Jan. 21 (Xinhua) -- German stocks were off to a good start on Thursday, with the benchmark DAX index rising by 76.41 points, or 0.55 percent, and opening at 13,997.78 points.

Among Germany's 30 largest listed companies, the biggest winner was the building material company HeidelbergCement that increased by 1.68 percent. It was followed by automotive supplier Continental with 1.29 percent and carmaker BMW with 1.21 percent.

Shares of Deutsche Wohnen fell by 0.05 percent, and the German housing company was the biggest loser.

Turnover of Germany's travel industry in the first three quarters of 2020 declined "substantially" by 61 percent year on year due to travel restrictions during the coronavirus pandemic, said the country's Federal Statistical Office on Thursday.

Yield on German ten-year bonds went down 0.004 percentage points to minus 0.532 percent, and the euro was trading almost unchanged at 1.2110 U.S. dollars, decreasing by 0.01 percent on Thursday morning.

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