Sept. 17 (Bloomberg) -- German stocks rose, led by Commerzbank AG and HVB Group. Banks extended yesterday's gains on optimism over consolidation in the industry. Carmakers declined.

The benchmark DAX Index gained 7.65 points, or 0.2 percent, to 3971.30 as of 11:08 a.m. in Frankfurt. The HDAX Index of the country's 110 biggest companies rose 0.2 percent to 2031.19. DAX September futures advanced 0.2 percent to 3975 points.

The following stocks are making gains or losses today. Stock symbols are in parentheses after the company names.

DAX stocks:

Bayerische Motoren Werke AG (BMW GY), the world's No. 2 luxury carmaker, slid 8 cents, or 0.2 percent, to 35.13 euros. Car stocks were the worst performers among the 18 industry groups on Germany's Prime All Share Performance Index, which tracks 377 companies listed on Deutsche Boerse AG's main Prime Standard market. The car stocks index fell 0.4 percent.

``Automotive sales in Europe and the U.S. have deteriorated again during the summer, in line with deteriorating retail sales and consumer confidence,'' said analysts Harald Hendrikse and Mike Dean in a note to investors. The industry had previously been rated ``market weight.''

DaimlerChrysler AG (DCX GY), the world's fifth-largest carmaker, dropped 23 cents, or 0.7 percent, to 35.11 euros.

Volkswagen AG (VOW GY), Europe's largest automaker, fell 18 cents, or 0.6 percent, to 32.47 euros.

Commerzbank AG (CBK GY), Germany's fourth-biggest bank by assets, added 20 cents, or 1.3 percent, to 15.57 euros. Commerzbank, HVB Group and Deutsche Postbank AG yesterday rose after the Financial Times listed the lenders among potential acquisition targets for Deutsche Bank AG.

HVB Group, Germany's second-largest bank by assets, added 14 cents, or 0.9 percent, to 15.37 euros.

Other stocks:

Aareal Bank AG (ARL GY), Germany's No. 6 commercial property lender, rose 42 cents, or 1.8 percent, to 24.17 euros. The company said its biggest shareholder increased its stake to 46 percent after buying shares for about 85 million euros as part of a rights offer.

Pulsion Medical Systems AG (PUS GY), a German maker of monitors for intensive-care units, rose 13 cents, or 3.3 percent, to 4.11 euros. The company won approval for its ICG-Pulsion eye treatment in several European countries, leading it to forecast a ``significant'' increase in revenue.

Vossloh AG VOS GY), a German train-equipment supplier, rose 1.02 euros, or 3.1 percent, to 34.20 euros after the company said it plans to buy a Spanish diesel-locomotive plant from Alstom SA within weeks as the French company disposes of businesses under a rescue plan.

``An agreement regarding the cornerstones of the transaction was already concluded,'' Werdohl, Germany-based Vossloh said in an e-mailed statement.

To contact the reporter on this story: Chris Fournier in Frankfurt at Cfournier3@bloomberg.net

Last Updated: September 17, 2004 05:10 EDT