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Nokia Set to Rejoin Euro Stoxx 50 Index as Volkswagen Loses Its Spot (NOK:NYSE)
Nokia returns after shares rose on fiber-optic demand for AI data centers, while Volkswagen exits after a nearly 27% decline this year, Stoxx said.
- On Tuesday, index provider Stoxx announced in its annual review that Nokia Oyj will rejoin the Euro Stoxx 50 index, while Volkswagen will be removed.
- Volkswagen shares have dropped nearly 27 per cent so far this year as the automaker struggles against Chinese competition and pushes ahead with a restructuring.
- Nokia's share price remains more than double last year's value, bolstered by the company's strategic shift toward selling fibre-optic equipment to firms building AI data centres.
- Effective September 21, the broader Stoxx 600 Index will add National Bank of Greece and Alpha Bank after Greek equities were reclassified to developed market status.
- While Engie joins the Stoxx 600, other companies including Wolters Kluwer, JD Sports Fashion, Thule Group, and Fraport AG are set to exit the index.
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22 Articles
Volkswagen loses its place in the European leading index to Nokia. The exchange on September 21 shows how different two industrial cycles can run.
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Volkswagen is knocked out of Europe's most important index, Nokia gets in. The change reflects another sign of the difficult situation of the European automotive industry, according to Bloomberg. Stock Exchange, Stock, Volkswagen, Europe, Artificial Intelligence, Nokia, Stoxx 600, Stock Index.
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Total News Sources22
Leaning Left0Leaning Right2Center7Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
C 78%
R 22%
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