German shares gain 2.36 pct at start of trading

BERLIN, Sept. 27 (Xinhua) -- German stocks were off to a good start on Monday following the country's federal election, with the benchmark DAX index rising 367.25 points, or 2.36 percent, opening at 15,699 points.

The biggest winner among Germany's 40 largest listed companies was housing company Vonovia, increasing by 3.60 percent, followed by plastic specialist Covestro with 2.41 percent and technology company Siemens Energy with 2.19 percent.

Shares of Zalando fell by 0.26 percent. The German e-commerce company was the biggest loser at the start of trading on Monday.

The yield on German 10-year bonds declined 0.0110 percentage points to minus 0.2370 percent, and the euro was trading almost unchanged at 1.1728 U.S. dollars, increasing by 0.01 percent on Monday morning.

Germans elected members of the country's 20th Bundestag, or lower house of Parliament, on Sunday. According to provisional results released early Monday morning, Germany's center-left Social Democratic Party came out on top, beating the party of outgoing Chancellor Angela Merkel.