Porsche AG Removed from DAX Index
Porsche AG has been removed from the DAX index, a leading German stock market index, effective immediately. This decision follows a regular review of the index by ISS Stoxx Group.
The company will be replaced by Gea Group and Scout24, which will join the index on September 22. The DAX index is reviewed quarterly to ensure it remains representative of the German market.
Porsche’s stock price has been relatively stable, with a market capitalization of approximately €100 billion. However, the company’s removal from the DAX index may have a negative impact on its stock price.
The following companies will be added to the DAX index on September 22:
- Gea Group
- Scout24
The DAX index is a widely followed benchmark for the German stock market, and changes to its composition can have a significant impact on the stock prices of affected companies.