Ferrari and Saint-Gobain to Join Euro Stoxx 50 Benchmark
The Euro Stoxx 50 Index, a benchmark for the Eurozone’s largest companies, is set to welcome two new members. Automaker Ferrari and building materials company Saint-Gobain will join the index, replacing two companies that have been removed.
Euro Stoxx 50 Index
The Euro Stoxx 50 Index is a stock market index of the 50 largest companies in the Eurozone. It is maintained by STOXX, an index provider owned by Deutsche Boerse Group. The index is designed to represent the performance of the largest and most liquid companies in the Eurozone.
The index is composed of the 50 largest companies in the Eurozone, based on their market capitalization. The index is rebalanced twice a year, in March and September. Companies are added and removed from the index based on their market capitalization and liquidity.
Ferrari and Saint-Gobain to Join Euro Stoxx 50
Ferrari and Saint-Gobain have been selected to join the Euro Stoxx 50 Index. Ferrari is an Italian luxury sports car manufacturer, while Saint-Gobain is a French multinational building materials company.
Ferrari will replace French pharmaceutical company Sanofi, while Saint-Gobain will replace Dutch bank ING Groep. Sanofi and ING Groep have been removed from the index due to their declining market capitalization and liquidity.
Impact on the Euro Stoxx 50
The addition of Ferrari and Saint-Gobain to the Euro Stoxx 50 Index is expected to have a positive impact on the index. Ferrari is one of the most recognizable luxury brands in the world, and its addition to the index is expected to attract more investors.
Saint-Gobain is one of the largest building materials companies in the world, and its addition to the index is expected to provide a boost to the index’s performance. The company’s presence in the index is also expected to provide a boost to the Eurozone’s construction sector.
Ferrari and Saint-Gobain Stock Performance
Ferrari and Saint-Gobain’s stocks have been performing well since their addition to the Euro Stoxx 50 Index. Ferrari’s stock has risen by more than 10% since its addition to the index, while Saint-Gobain’s stock has risen by more than 5%.
The stocks of both companies are expected to continue to perform well in the coming months, as investors continue to pour money into the Euro Stoxx 50 Index.
Conclusion
Ferrari and Saint-Gobain have been selected to join the Euro Stoxx 50 Index, replacing two companies that have been removed. The addition of the two companies is expected to have a positive impact on the index, as well as on the stocks of both companies. The stocks of both companies have been performing well since their addition to the index, and are expected to continue to do so in the coming months.