7235
0
Deutsche Börse Is Proposing An Increase In The Dax From 30 To 40 Companies
Deutsche Börse is proposing an increase in the Dax from 30 to 40 companies and is planning stricter requirements for membership in the leading German index.
Yazar: Tom Roberts
Yayınlanma: 6 Ekim 2020 01:57
Güncellenme: 5 Kasım 2024 17:07
Deutsche Börse Is Proposing An Increase In The Dax From 30 To 40 Companies
Deutsche Börse is proposing an increase in the Dax from 30 to 40 companies and is planning stricter requirements for membership in the leading German index. "It's no secret that I would personally welcome the expansion of the Dax 30 to a Dax 40," said CEO Theodor Weimer. At the same time, the MDax small cap index, which was expanded just a few years ago, is set to shrink from 60 companies back to 50 companies.
Investors now have until November 4th to comment on whether they support the proposals. "I am looking forward to the result and am sure that the further development of the criteria will help the German capital market to achieve further quality." With the planned changes, the exchange is also reacting to the Wirecard scandal and tightening the requirements for membership. Companies should be able to be banned from the Dax if they do not submit their figures on time.
Only demonstrably profitable companies should be able to move up to the first German stock exchange league - a requirement that would have prevented the food delivery service Delivery Hero from rising to the Dax. An audit committee of the supervisory board, which monitors accounting, for example, should be mandatory for membership in the Dax selection indices (Dax, MDax, TecDax, SDax).
In future, the exchange plans to review the index composition every six months instead of once a year. The reason was said to be able to implement changes in the capital market landscape more quickly in the Dax. Deutsche Börse plans to publish the results of the market consultation before November 23. Changes to the rules should take effect for the review from March 2021 at the earliest.
İLGİLİ HABERLER
European stocks soared and focus shifted to German retail sales after Powell's speech!
Forex Signal For TRY/USD: Inflation Slowdown in November.
Forex Signal For GBP/USD: Bullish Trend Still Not Breaking While Recovery Continues.
Forex Signal For EUR/USD: Starry US Data Points to Higher Fed Increases.
Forex Signal For BTC/USD: Downside Continues as Bitcoin Recovery Moves Less.
En Popüler Haberler
Yorum Yap
Yorumlar
Henüz yorum yapan yok! İlk yorumu siz yapın...