On Wednesday, Deutsche Brse has decided on changes in its equity indices DAX, MDAX, SDAX and TecDAX that will take effect on 22 December. The share of Beiersdorf will be included in DAX and will replace Continental.
Furthermore, Salzgitter will move to DAX, Hypo Real Estate will leave the index. The exclusion of Continental and Hypo Real Estate was based on the fast-exit rule, the shares do no longer meet the criteria in terms of market capitalization to remain in the DAX index.
The share of Continental will move to MDAX replacing the share of Beiersdorf. At the same time Hypo Real Estate will be included in MDAX replacing the share of Salzgitter. Gerresheimer will be included in MDAX, AMB Generali leaves the index because of its free float of less than 10%. Deutsche Brse recently raised the minimum free float requirement from five to 10%.
The new rules have been taken into consideration for the decision today and will take effect on 22 December 2008.
The share of Klckner Werke will replace the share of Gerresheimer in SDAX.
Loewe will be included to SDAX, whereas IKB will leave the index, because of its free float of less than 10%. HCI Capital will leave SDAX and will be replaced by Delticom.
Smartrac and Jenoptik will be included in TecDAX. Epcos and Versatel will leave the index. Both shares leaving the index will be replaced because of their free float of less than 10%.
D.C.