Stock exchange - Schott Pharma shares to be included in SDax
Just under three months after Schott Pharma went public, the shares of the Mainz-based specialty glass manufacturer Schott will soon be included in the SDax. According to the Deutsche Börse subsidiary Stoxx Ltd, the inclusion in this index of smaller stocks below the Dax and MDax will take place together with other securities on December 18. The company wants to benefit from the increased visibility on the global capital markets, Schott Pharma's CEO, Andreas Reisse, announced on Wednesday.
Schott Pharma manufactures glass tubes, vials and syringes for pharmaceuticals and vaccines, among other things. The company's shares were traded on the Frankfurt Stock Exchange for the first time on September 28. Changes such as those in the SDax are particularly important for funds that replicate indices in real terms. They then have to be reallocated accordingly, which can have an impact on share prices.
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Source: www.stern.de
