Course towards Dax? A Lufthansa Boeing 747 at Frankfurt Airport
Image: dpa
After the index adjustment is before the index adjustment: With a view to possible investments, it is worth taking a look at the potential next movers and shakers after a change.
Although there is no change in the composition of the Dax 40 during the regular half-yearly index adjustment in September, the upcoming changes in the Euro Stoxx 50 (from September 18, 2023; withdrawal of Vonovia and – due to a special situation – of CRH, inclusion of Ferrari and Saint-Gobain) make it clear that, in the case of stocks that are included or withdrawn, there is usually a medium-term outperformance or underperformance compared to the index development.
From a technical point of view and with a view to possible investments, it therefore makes sense to analyze the situation of the next possible inclusion and withdrawal candidates for the subsequent index adjustment immediately after the index adjustment. In the case of the Dax, Fresenius Medical Care (FMC) (weak technical holding position) and Deutsche Lufthansa (countercyclical, technical purchase) are taking center stage.