Germany’s DAX set for 40 members from 30 in huge shake-up
One of the world’s most widely watched stock market indices is set to undergo its biggest transformation since its founding in 1988. Germany’s blue-chip stock market DAX index is due to expand and include 40 companies instead of its current 30 companies, in a statement released by exchange operator Deutsche Boerse.
The expansion, which has been led by Deutsche Boerse’s Chief Executive Theodor Weimer, faced opposition from some investors but some say it will help the index to become bigger and stricter. After the recent departure of payment company Wirecard, who filed for bankruptcy only two years after its promotion to the index, a makeover was deemed essential by industry insiders.
The new rules will require companies to post quarterly statements, audited annual results, staffed audit committees and more. Even current members must now immediately provide information that they have been profitable for two years to remain in the benchmark index.
Changes are expected to take place during the third quarter of 2021. Did you know that you can speculate on the direction of the DAX stock market index using Contracts for Difference (CFDs)? This allows you to potentially profit from both rising and falling markets. Get started with a free demo trading account today!
How to trade the DAX index with Admiral Markets UK Ltd
If you are feeling bullish or bearish on the share price of the DAX index you can speculate on the direction using CFDs. To get started, follow these five simple steps:
- Log in to your existing Admiral Markets trading account, or open a live or demo trading account in just a few minutes.
- Click Trade on your chosen account which will direct you to the Admiral Markets MetaTrader Web Platform.
- Type in DAX and choose your instrument at the bottom of the Market Watch search box and then drag the symbol onto the chart.
- Use the one-click trading feature on the chart or right-click on select Trading -> New Order.
- Choose your entry, stop loss and target levels and position size (volume) and then confirm the trade.
Source: Admiral Markets MetaTrader 5 Web, DAX30, Weekly – Data range: Jun 15, 2014, to Nov 24, 2020, performed on Nov 24, 2020, at 8:07 am GMT. Please note: Past performance is not a reliable indicator of future results.
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