Nokia set to rejoin Euro Stoxx 50, Volkswagen dropped
Nokia Oyj will rejoin the Euro STOXX 50 index on September 21, while Volkswagen will be removed. Nokia's shares have more than doubled in a year, while Volkswagen's have dropped 27% in 2023. Engie will also join the index, and Wolters Kluwer will be removed. Changes follow STOXX's annual review.
How this was made

The 30-second read
Why it matters
The announced changes will trigger fund rebalancing, influencing liquidity and short‑term price movements for the affected stocks.
Market read
Index composition updates are routine but can cause measurable trading activity in the affected securities.
What to watch
Potential strategic moves by the companies (e.g., Nokia's fiber‑optic focus) could drive separate fundamentals beyond index effects.
Background
STOXX annually reviews its Euro STOXX 50 and Stoxx 600 constituents, adjusting for market dynamics and sector representation.
Ticker impact
Nokia is set to rejoin the Euro STOXX 50 index, a fresh development disclosed by STOXX.
Modest upside pressure over the next weeks.
Index additions typically trigger buying from ETFs and index funds.
Market effects
European blue‑chip index composition shift may affect sector weightings, especially telecom and utilities.
Eurozone equity markets may see modest rebalancing flows.
Limited; impact confined to European index‑fund investors.
Counterpoint
Index changes are often priced in quickly; any price move may be short‑lived.
Key entities
- Index ProviderSTOXX
Publishes annual review of index constituents.
- IndexEuro STOXX 50
Blue‑chip European equity benchmark.





