There are more changes in the S-Dax in September than seldom before.
Only three newcomers to the stock exchange are pushing their way into the second-tier index of Deutsche Börse and will take their places in the middle of the index comprising 70 stocks.
There are also five changes of place with the MDax of medium-sized companies.
And in view of the comprehensive index reform of Deutsche Börse, four more companies are striving for the smallest index of the Dax family (Dax, M-Dax, S-Dax, TecDax), because they then look primarily at the freely tradable market value of the individual companies will.
Before the index review by Deutsche Börse next Friday (September 3) and the implementation that will follow on Monday, September 20, the index experts at Societe Generale and the Stifel investment bank expect the transmission mast operator Vantage Towers and the recycling specialist Befesa move up to the M-Dax.
In addition, the forklift manufacturer Jungheinrich, the financial service provider Hypoport and the online pet supplies retailer Zooplus should also be there soon.
In return, the construction company Hochtief is expected to relegate to the S-Dax and also the antibody specialist Morphosys, plus Nordex and Encavis from the new energy sector and the shop pharmacy.
With the software company Suse, the laboratory specialist Synlab and the Internet fashion retailer About You, three companies are also striving for the S-Dax that have only been on the stock exchange for a few months.
Four other companies will also meet in September: including the well-known Heidelberger Druck and the IT group Secunet, which was briefly in the S-Dax last year.
In terms of market value by free float, like the three newcomers to the stock market, it will soon be in the midfield of the SDax.
In addition, Stifel expert Luca Thorißen expects the vacuum and materials technology specialist PVA Tepla and the building materials manufacturer Sto to be accepted.
According to him, Vossloh, Borussia Dortmund, Medios, Süss Microtec, ElringKlinger, HHLA and Takkt have to retire for these seven values.
Changes in these estimates cannot be ruled out until the end of August, as the volume-weighted average share price over the last 20 trading days is decisive. Index changes are particularly important for funds that precisely replicate indices (ETF). There must then be reallocated and reallocated accordingly, which can have an impact on the share price.