The growing importance of mineral commodities is reflected also in the
future against Dax: The mining company K + S is included in the main
German stock market index - in favor of a long-time member.
The most important German stock market index, the Dax gets a new
member: The tourism and shipping group Tui must vacate his seat for
the fertilizer producer K + S, which is so far out in the M-Dax. That
the German stock exchange said on late Wednesday evening in Frankfurt.
Tui changes in the M-Dax. The change is to 22 Effective September.
Dax in the values of the 30 largest listed German companies are
combined. These relate to the turnover of shares on the stock market
and the market capitalization of tradable items. The German stock
exchange AG analyzed the composition of the index at regular
intervals. Loses a share on a different meaning and gains outside of
the index to clear such undertakings shall be replaced.
The Tui's shares fell on Thursday to the end of the Dax-list in the
morning and lost nearly three percent. In addition to the descent from
the Dax was also a press article here, that the planned merger of
Deutsch Wings, Condor and TUIfly - that of low-cost subsidiaries of
Lufthansa, TUI and Thomas Cook - stands on the brink.
The expulsion from the Dax surprised traders and analysts, however.
The Tui's share had declined in recent months, while the value of the
potash producer K + S has multiplied due to the commodity boom in a
few years. K + S Kali und Salz AG, the former will be the first
commodity value in the Dax.
When there is joy over the Kassel-based company included in the DAX.
This is "honor and a challenge," said K + S CEO Norbert Steiner on
Thursday in Kassel. Goal of his company's staying, "long-term
sustainable growth," said Steiner. "The DAX has encouraged us to
continue to rise."
Was considered a possible further relegation in the Dax Hypo Real
Estate (HRE). The real estate financing secured his place but then it
just yet. Most promising candidate as a replacement was the steel
company Salzgitter, which thus missed promotion to the first stock
exchange league. In the M-Dax falls out and makes the Deutz Bauer
Construction Group place. Tec-Dax added SMA Solar and the solar and
LCD equipment manufacturer Manz Automation, which displace it Ersol
and BB Medtech.
No comments:
Post a Comment