News |

Nokia being dropped from Euro Stoxx 50 Index

Nokia is being dropped from the Euro Stoxx 50 Index, the leading Blue-chip index for the Eurozone.

Eri värisiä lumia 620 -malleja
Some mutual funds will be forced to sell off holdings in the Finnish-based mobile phone maker. Image: Nokia

The announcement that Nokia is to be dropped came as a part of a regular index review and component update on Friday.

The index covers 50 stocks from 12 Eurozone countries. The change will force some mutual funds to divest Nokia shares which may drive prices down. The move is to take effect on the 18th of this month.

At present, Nokia is listed 34th in the Euro Stoxx 50 Index.

Latest in: News

Headlines

News

Tuesday's papers: Lowdown on employment cuts, hospital misconduct cover-up, homeowner fears army invasion

Agreement will likely be reached this week over far-reaching cuts to the employment terms and conditions of two million workers in Finland. But what will the changes mean? Helsingin Sanomat explains. Elsewhere, there are more revelations over a long-running cover-up of malpractice at a Turku geriatric hospital, and the story of a man in Sipoo who fled when armed commandos stormed his island - only to discover that it was just an army training exercise.

Our picks

Latest

Muualla Yle.fi:ssä