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STOCKS NEWS EUROPE-Deutsche Post falls on profit taking

Reuters - UK Focus

Shares in Deutsche Post (LSE: 0H3Q.L - news) drop 2 percent, the biggest faller on the DAX (Xetra: ^GDAXI - news) , as traders point to investors taking profit on a stock which has risen sharply this year and was included in the Euro STOXX 50 (Zurich: ^STOXX50E - news) index on Monday.

Shares in Deutsche Post have gained over 40 percent this year, and rose 5 percent on Friday.

Both price and volume jumped ahead of the entry into the index due to a spike in demand from ETFs (exchange-traded funds) and derivatives providers, which mirror the index.

Reuters messaging rm://victoria.bryan.thomsonreuters.com@reuters.net

rm://hakan.ersen.thomsonreuters.com@reuters.net