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1h ago

Porsche AG Dropped From DAX as GEA and Scout24 Set to Join Sept. 22

The decision reflects a fall in Porsche’s free-float ranking after steep profit losses alongside a sharp share-price slide.

Porsche-Logo an einer Felge

Overview

  • ISS Stoxx confirmed that Porsche AG and Sartorius will exit the DAX on September 22, with GEA and Scout24 moving into the blue-chip index.
  • Passive index trackers are set to rebalance on the effective date, a process that typically concentrates selling pressure in the departing stocks.
  • Porsche Automobil Holding SE remains in the DAX, while CEO Oliver Blume cites Porsche AG’s low free float as a key factor and states an ambition to return quickly.
  • The DAX fell 2.29% to 23,487 on Tuesday, breaking below its 100-day average, which technicians view as a sell signal with next support near 23,400.
  • Early Thursday signals pointed to a modest DAX rebound as Porsche AG shares traded lower, with sentiment weighed by higher bond yields, US trade measures and weakness in China.