At the opening of the market in Frankfurt at 9:00 am (0700 GMT), the new entrants, amongst them European aerospace giant Airbus and online shopping company Zalando, will turn the DAX 30 into a DAX 40. The newcomers make the DAX "more attractive", said Norbert Kuhn from the German Stock Institute (DAI), which represents stock market participants. Likewise, Siemens Healthineers joins parent company Siemens and spin-off Siemens Energy. As the flagship DAX index grows, the mid-tier mDAX will shrink from 60 to 50 companies, as some of its members are promoted. DAX members will be given new weightings within the overall index, with Airbus the largest among the latest arrivals.

Source: Bangkok Post September 20, 2021 04:41 UTC