German shares almost unchanged at the start of trading on Tuesday

Source: Xinhua| 2019-11-05 19:07:24|Editor: xuxin
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BERLIN, Nov. 5 (Xinhua) -- After reclaiming the 13,000-point mark on Monday, German stocks were almost unchanged at the start of trading on Tuesday, with the benchmark DAX index losing by 1.95 points, or 0.01 percent, opening at 13.134,33 points.

The biggest winner among Germany's largest 30 companies at the start of trading was automotive supplier Continental, increasing 1.09 percent, followed by premium car maker BMW also increasing 1.09 percent and chemical giant BASF with 1.02 percent.

Shares of SAP fell by 1.90 percent. The German software company was the biggest loser at the start of trading on Tuesday. Shortly after trading commenced on Tuesday, shares of SAP stabilized at around prior-day's level.

On Monday night, SAP had revealed its plans to enhance capital return in 2020 "in light of SAP's strong financial performance and balance sheet. The German software company is also planning to repurchase shares amounting to 1.5 billion euros (1.7 billion U.S. dollars).

The euro increased by 0.11 percent on Tuesday morning local time, trading at 1.1136 dollar.

German housing company Vonovia published its business results for the third quarter of 2019. Following acquisitions of Austrian housing company BUWOG as well as Swedish housing company Victoria Park, Vonovia's operational results increased by 11 percent to 932.8 million euros (1,037.99 million dollars) in the first nine months of the current year.