BERLIN, Jan. 8 (Xinhua) -- German stocks were off to a good start on Friday after reaching a new record the day before, with the benchmark DAX index rising by 138.06 points, or 0.99 percent, opening at 14,106.60 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was building materials company HeidelbergCement, increasing by 3.81 percent, followed by mail and logistics company Deutsche Post with 2.85 percent and carmaker Daimler with 2.66 percent.

On Friday, U.S. bank JP Morgan raised its price target for HeidelbergCement from 60 to 70 euros, but left the rating at "neutral." Shares of the German building materials company were trading at around 68 euros at the start of trading on Friday.

Shares of Delivery Hero fell by 1.55 percent. The German online food delivery company was the biggest loser at the start of trading.

German exports continued to recover in November but were still down 1.3 percent year-on-year, amounting to 111.7 billion euros (136.5 billion U.S. dollars), the Federal Statistical Office (Destatis) announced the same day.

Turnover in Germany's main construction industry in October increased by 2.2 percent year-on-year as the number of people employed in this sector grew by 1.3 percent, Destatis added.

Total industry production in Germany in November, however, was down 2.6 percent year-on-year despite growing by 0.9 percent compared to the previous month, according to Destatis.

Germany's Federal Motor Transport Authority announced on Friday that the number of full-year new car registrations declined by 19 percent to 2.9 million cars compared to 2019 figures. One in four new registered cars was powered by alternative energy drive systems.

The yield on German ten-year bonds went down 0.017 percentage points to minus 0.529 percent, and the euro was trading almost unchanged at 1.2270 U.S. dollars, increasing by 0.02 percent on Friday morning.