WORLD German shares almost unchanged at start of trading on Monday

WORLD

German shares almost unchanged at start of trading on Monday

Xinhua

20:18, January 13, 2020

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File photo: CGTN

BERLIN, Jan. 13 (Xinhua) -- German stocks were almost unchanged at the start of trading on Monday, with the benchmark DAX increasing by 38.55 points, or 0.29 percent, opening at 13,521.86 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was financial services provider Wirecard, increasing 2.75 percent, followed by chip manufacturer Infineon with 0.93 percent and German multinational mail and logistics company Deutsche Post with 0.38 percent.

Wirecard had announced after the close of trading on Friday that the chairman of its supervisory board, Wulf Matthias, had resigned with immediate effect and was to be replaced by the previous head of the audit committee, Thomas Eichelmann.

Shares in Lufthansa fell by 0.76 percent, with Germany's biggest airline ending up as the biggest loser at the start of trading on Monday.

The Volkswagen brand delivered 6,278,300 vehicles worldwide in 2019, an increase of 0.5 percent compared with the previous year, the German car manufacturer announced on Monday. In 2019, shares in Volkswagen fully recovered from the diesel scandal, increasing by more than 30 percent.

The euro was trading slightly higher at 1.1117 U.S. dollars on Monday morning, increasing by 0.02 percent.

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