German shares advance 1.76 pct Wednesday

FRANKFURT, Jan. 6 (Xinhua) -- German stocks rose on Wednesday, with the benchmark DAX index up 240.75 points, or 1.76 percent, to close at 13,891.97 points.

Deutsche Bank won the most among the blue chips, with its shares up 5.99 percent. German insurance and financial services company Allianz and chemical group BASF gained by 5.20 percent and 4.61 percent respectively.

Housing association Vonovia, European multinational online food-delivery service Delivery Hero and housing association Deutsche Wohnen were the top three losers among the blue chips, by falling 4.02 percent, 3.99 percent and 3.82 percent respectively.

Allianz was the most-traded share with a turnover of 404.92 million euros (498.1 million U.S. dollars).

China's Haier, a leading global household appliances manufacturer listed in Frankfurt in 2018, lost 2.59 percent to close at 1.675 euros per share on Wednesday.

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