FRANKFURT, Sept. 20 (Xinhua) -- German shares lost 2.31 percent on Monday, the first day after the benchmark DAX index officially expanded to 40 stocks.

The DAX went down by 358.11 points to close at 15,132.06 points. Deutsche Bank lost the most among the blue chips, down by 7.65 percent, followed by automotive supplier Continental and multinational e-commerce company Zalando, which lost 5.43 percent and 5.08 percent respectively.

Aircraft engine manufacturer MTU Aero, provider of sample and assay technologies Qiagen N.V. and producer of flavors and fragrances Symrise were the top three winners, rising by 2.35 percent, 1.70 percent and 0.95 percent respectively.

Automotive manufacturer Volkswagen was the most traded share of the day with a turnover of 439.13 million euros (514.27 million U.S. dollars).

Deutsche Boerse announced the major index makeover in early September. The flagship DAX index would be expanded from 30 to 40 listed stocks while the MDAX, Germany's second-tier index, was reduced from 60 to 50.

According to the stock exchange, the expansion was expected to bring more diversification to the DAX. New additions include emerging e-commerce companies such as Hellofresh and Zalando.

Also on Monday, China's Haier, a leading global household appliances manufacturer listed in Frankfurt in 2018, lost 6.19 percent to close at 1.450 euros per share. Enditem

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