The Daimler Truck runs in the DAX family.
After the truck manufacturer, which spun off from former Daimler Group in December, listed on MDAX in February, it has now been promoted to the top exchange league. Starting Monday, the stock will be listed on the DAX 40, Germany’s most important stock index. Index provider Qontigo, which belongs to Deutsche Börse, announced this at the beginning of March. Experts had expected this decision.
Also unsurprisingly, insurer Hannover Re was upgraded to DAX. As expected, consumer goods group Beiersdorf has to give way. However, the descent of the energy company Siemens Energy to MDAX was not expected by all experts.
In addition, three more companies will soon be included in the index of mid-cap stocks that were previously low in one league on SDAX. These are media group RTL, car rental company Sixt and chip maker Siltronic. CompuGroup’s own software provider, HELLA, which belongs to auto supplier Faurecia, and auto dealer AUTO1 should make room for this.
IT service provider Adesso, moving to SDAX, is new to the DAX family. Global Fashion Group’s online fashion retailer has to make room for that.
Index changes are especially important for funds that replicate indices in real terms (the ETF actually replicates). It must then be converted and re-weighted accordingly, which could have an impact on stock prices.
Meanwhile, Daimler Truck’s share rose 0.75 percent to €24.70 via XETRA. The pair is now trading unchanged at €24.51. Meanwhile, Hannover Re rose 3.63% to €148.55.
/ is / zb / mis
Trade forex now with a leverage of up to 30
Trade forex with high leverage and small spreads. With only €100.00, you can benefit from the capital effect of €3,000.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can take a high risk of losing your money.
“Total coffee aficionado. Travel buff. Music ninja. Bacon nerd. Beeraholic.”