Frankfurt / Main (dpa) – The Dax course sheet is getting longer: From this Monday (20. 9.) To play 40 instead of 30 groups in the first German stock exchange league. The ten climbers in the Deutsche Aktienindex – Dax for short – were named by Deutsche Börse at the beginning of September. Family.
Among the ten DAX newcomers, Airbus is by far the company with the largest market value. With the Franco-German aircraft manufacturer, the German benchmark index gets another heavy weight at the level of the car manufacturer Daimler and the insurance giant Allianz , the sporting goods manufacturer Puma, the biotechnology and diagnostics company Qiagen, the pharmaceutical and laboratory supplier Sartorius, the medical technology group Siemens Healthineers, the aroma and fragrance manufacturer Symrise and the online fashion retailer Zalando.
The reform of the Dax -Family gut 33 Years after the start of the Dax on July 1 1988, Deutsche Börse, as the operator of the Frankfurt market, had the Wirecard last year -Disaster decided.
For a long time, the most important German stock market barometer, the prices of which flicker in German living rooms evening after evening at prime TV broadcasting time, were from the four branches of chemicals and auto industry industry, energy and financial services dominate. Now the mixture is supposed to be more balanced and, for example, secure a place in the shop window of the German economy for aspiring internet companies. Many of the DAX newcomers expect a tailwind for their business.
In return, the MDax of the medium-sized values is going from 60 to 50 Title is reduced in size and thus loses its weight considerably. Five companies from the small cap index SDax are moving up this Monday (20. 9.) In the reduced MDax: the Vodafone transmission tower subsidiary Vantage Towers, the recycling specialist Befesa , the forklift manufacturer Jungheinrich, the financial services provider Hypoport and Zooplus, an online retailer for pet supplies.
In future, Deutsche Börse plans to regularly review the composition of the Dax twice a year instead of once. Only profitable companies should be included. Bankruptcy candidates and corporations who fail to comply with their duty to publish interim reports on time are said to have lost nothing in the first German stock market league.
The tightening of the rules for the Dax family is a reaction to the Wirecard -Scandal. The Munich-based payment service provider was able to stay in the Dax for months, despite billions in air bookings that were exposed in the summer 2020, because the rules did not allow it to be expelled from the leading index quickly. Criticism was also caused by the fact that the food supplier Delivery Hero was promoted to the Dax for Wirecard and thus a company that has never made money in day-to-day business since it was founded 2011.
The inclusion of the ten additional companies has no impact on the current Dax score. The previous 30 members lose part of their weight in favor of the new members.