Index Tracker: Possible index changes in December: Porsche AG could push PUMA out of DAX |  information

Index Tracker: Possible index changes in December: Porsche AG could push PUMA out of DAX | information


Reporter Tom Koula from investment bank Stifel Europe sees the Volkswagen subsidiary “very clearly in the leading German index” after a review of the index in December.

With a stock market value of around 15 billion euros, measured by the proportion of freely traded shares, “Porsche is currently in 22nd place, behind Vonovia, and therefore can also enter quickly,” he explains. If there is no regular review of the index in DAX – like in December – then extraordinary rules will apply. Although these rules are less strict for DAX members than the regular ones, candidates for admission have to overcome significant obstacles.

From today’s perspective, the sports car maker, according to Koula, would spin off the sportswear company PUMA SE in December. With a market capitalization of 4.7 billion euros based on free float, it is currently the smallest member of the DAX, behind online retailer Zalando and energy technology group Siemens Energy.

Further changes in the DAX are currently not expected. However, index experts are giving Commerzbank a chance to climb the DAX if industrial gases group Linde turns its back on the domestic stock market and lists only in the US.

Deutsche Boerse will review the DAX indices on Monday evening, December 5. Any changes will take effect on Monday December 19.

/ck/la/mis

FRANKFURT (dpa-AFX)

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