google-site-verification=RoadygaH2N3jsP-zBochCrn0ABtnedK76rnS7kMfyOU
Take a fresh look at your lifestyle.

After 32 years: end of a ra: Lufthansa dismisses from the DAX | message

0


From this Monday (June 22nd), Germany’s largest airline will be traded in the MDAX of medium-sized companies. Deutsche Wohnen takes its place in the German share index. The Berlin-based company is the second real estate group in the DAX after Vonovia. The federal capital will again get a representative among the 30 companies in the leading German index.

Deutsche Brse regularly checks the composition of its stock indices. The stock exchange turnover (trading volume) and the stock market value (market capitalization) of a company are decisive for its membership in the group of 30 DAX companies.

During the Corona crisis, Lufthansa had come under severe pressure, and the airline’s share price collapsed. A state rescue package worth around nine billion euros is intended to stabilize the company, CEO Carsten Spohr has attuned the workforce to hard cuts. Thousands of jobs in the group with around 138,000 employees are on the brink.

With the rise of Deutsche Wohnen, 14 years after Bayer took over Schering, the federal capital once again got a representative in the first German stock exchange league. Germany’s second largest private landlord with 160,000 apartments nationwide assessed the rise in the DAX as evidence of the successful business development of the past few years. In view of rising rents, Deutsche Wohnen is particularly criticized in Berlin. Tenant representatives fear that the pressure on tenants will increase with the rise in the DAX.

With its relegation to the DAX, Deutsche Lufthansa AG is a well-known company: In September 2019, the industrial veteran thyssenkrupp had to leave the top stock market index, a year earlier Commerzbank had to make room for the turbulent payment processor Wirecard. Thyssen and Commerzbank were also among the 15 companies that had been listed in the index without interruption since the start of the DAX on July 1, 1988.

Index changes are particularly important for funds that closely track indices (ETFs). There must then be reallocated, which usually affects the share prices. Belonging to the DAX is also a question of prestige: Especially for international investors, the most important German stock exchange barometer is the flagship of the German economy./ben/DP/fba

FRANKFURT (dpa-AFX)

advertising

Current certificates from

The basic prospectus, the final terms and the basic information sheets are available here: JC1H48, JM3NSX. Please also note the further information ** regarding this advertisement.

More news about Bayer

Image sources: Bocman1973 / Shutterstock.com



Leave A Reply

Your email address will not be published.