Lufthansa will replaced in the DAX by Deutsche Wohnen

For the DAX peeps out there.

  • Lufthansa, the bailed out airline, is out. 32 year run comes to an end.
  • Deutsche Wohnen (a German property company) is in! The firm is second largest German apartment rental company.
For the DAX peeps out there.
The ” Fast Exit ” rule of the German Stock Exchange will see the airline booted out.
  • The rule is that a firm is removed from the DAX if it ranks worse than 45th in the free float market capitalization or in exchange sales
  • An MDAX firm (in this case the property company referreed to above) moves up that at least ranks in market value 35 lies.