Published • loading... • Updated
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.
Insights by Ground AI
12 Articles
12 Articles
The Stockholm Stock Exchange starts Wednesday in the red in the wake of continued interest rate hikes and unrest in the Middle East. At the company level, Finnish Nokia is rising after its share was included in the prestigious Eurostoxx50 index.
FinanzaOnlineReposted by 
Wall Street Italia
Wall Street ItaliaNew composition for the Euro Stoxx 50 index: back Nokia, outside Volkswagen
Telecommunications company Nokia will once again be included in the prestigious European index Eurostoxx50. The stock left the index a year ago, but has since surged 130 percent.
Coverage Details
Total News Sources12
Leaning Left0Leaning Right2Center2Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
To view factuality data please Upgrade to Premium
