Hapag-Lloyd Included in SDAX Index of Deutsche Börse
Posted by Michelle Howard
Thursday, March 10, 2016
Hapag-Lloyd will become a member of the SDAX index of Deutsche Börse. This was announced by Deutsche Börse after a regular review of its indices. The SDAX is a German Blue Chip Equity Index and contains 50 companies listed in the Prime Segment of Deutsche Börse which follow the 30 DAX and the 50 MDAX companies with regard to free float market capitalization and order book turnover. Other members of the SDAX family are for instance Puma, Schaeffler, Heidelberger Druckmaschinen, HHLA and VTG.
“The inclusion into the SDAX marks an important step for the Hapag-Lloyd share which only started trading on November 6, 2015. The increased awareness resulting from listing within an index is expected to increase liquidity for shareholders, broaden analyst coverage - allowing for a more frequent valuation – and to increase publicity,” said Rolf Habben Jansen, CEO of Hapag-Lloyd AG.
The composition of the SDAX will be adjusted on March 18, 2016 and from March 21, 2016 the SDAX trading will include the Hapag-Lloyd share.