SAP continued its strong run on Thursday.
In XETRA trading in the morning it temporarily rose 0.28 percent to 141.56 euros. The day before, after a price rally of a good 11 percent in November, SAP stocks had risen to their highest level since the record high of September 2020 – and only narrowly missed it.
The heavyweight stocks in the leading index DAX 40 are benefiting from a new regulation from the German stock exchange. In the spring, the so-called cap limit for the DAX indices is to be raised from the current 10 to 15 percent. Previously, higher index weights were limited to 10 percent. This in turn slowed down the development of the leading index and also that of the affected stock when the share prices of heavyweights rose.
SAP SE currently has a market value of a good 173 billion euros and a correspondingly high weighting in the leading index. Increasing the cap limit from 10 to 15 percent would give the share more leeway in terms of weighting. Stock funds that replicate the DAX then have to buy SAP shares in order to reflect the company again. This is likely to create additional demand for the software developer’s papers on the market.
FRANKFURT (dpa-AFX)
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