Categories: Business

Lufthansa slip from the Dax | STERN.de

22. June the descent of the Lufthansa is wirkam, the German stock exchange on Thursday. The German airline is under the rank 45 in the Dax, and these will now be taken out. A company is removed from the Index if it is with a view to market capitalisation, i.e. the market value of, and the trading turnover not higher than rank 45 in the Dax, the so-called Fast-Exit rule.

The Deutsche Börse on the basis of a medium-term perspective; short-term market antics should have no impact so strongly on the composition of an Index. In terms of market capitalisation is approximately the average of the last 20 trade is placed days based on sales by the average of the last twelve months.

The share price of Lufthansa

The share price of Lufthansa was already before the start of the Corona-crisis in the descent; then he broke in. On Thursday evening, the course was 10,31 EUR, a loss of 37 percent since the beginning of the year. The market value amounted to almost EUR 4.8 billion. On Friday morning, the price rose to more than five percent to 10.90 euros.

Lufthansa was for almost 32 years continuously in the Dax. A peak in the share price at the end of 2017, reaching more than 31 euros. To the beginning of the year 2020, the price around 15 Euro. With the start of the Corona-crisis, he fell temporarily to below seven euros.

The Airline made in the first quarter of € 2.1 billion loss and expects only a slow recovery in passenger numbers to pre-crisis levels. Lufthansa-Chef Carsten Spohr has already announced a deep restructuring.

Presentation of the quarterly figures

Spohr had to pay with a view to the imminent descent in the MDax at the presentation of the quarter on Wednesday, said: “The rules are as they are.” For Lufthansa as a Dax-founding companies “that hurts”. On the other hand, it was not in the current Situation “as relevant” whether Lufthansa is in the Dax or MDax. By state AIDS, the group had stabilized.

Lufthansa receives extensive support from the Federal government. The rescue package consists of nine billion euros. The Lufthansa has to give to pressure from the EU Commission to Start and land rights. The shareholders are required to. of this agreement at an extraordinary General meeting on 25 June still to be confirmed.

Deutsche Wohnen owns almost 164.000 apartments and is located in Germany, the number two. The market value of the group with 3500 employees, currently amounts to almost 15 billion euros. The largest German landlord, Vonovia, in September, 2015 in Dax.

As Deutsche Börse announced, there were in the MDax and in the SDax even more movement. In the MDax, marketing company, Ströer is taken accordingly. It replaced the Deutsche pfandbriefbank AG, which is taken after the Fast-Exit rule from the Index and the SDax changes. The new company, Dr. Hönle AG Atoss Software will be included in the SDax Index, thus also.

Matthew Velter

With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

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