Nokia Stock Returns to EURO STOXX 50 After 162 Million-Share Friday
Nokia (NOK) will rejoin the EURO STOXX 50 index on Monday, September 21, 2026. Its ADRs closed at $10.68 on Friday, up 0.75%, with volume at 161.9 million shares. The index change could impact about €59 billion in ETF assets. Nokia's July results showed improved comparable profit but a reported loss due to restructuring. The company expects to convert about half of its €2.8 billion AI and cloud orders within 12 months.
How this was made

The 30-second read
Why it matters
The addition to a €59 B benchmark may trigger forced buying from ETFs and structured products, but the modest price move suggests limited immediate impact.
Market read
Primary relevance stems from the index inclusion, which can affect Nokia's short‑term price and related European telecom equities.
What to watch
Nokia's recent restructuring losses and guidance uncertainty may limit upside despite index inclusion.
Background
Nokia's ADRs traded at $10.68 with 161.9 M shares exchanged, 2.15× the 20‑session average, ahead of its EURO STOXX 50 entry on Monday.
Ticker impact
Nokia ADR added to the EURO STOXX 50, causing a 0.75% price rise and high trading volume.
Potential modest upside in the next few days as index funds rebalance.
Inclusion in a €59B ETF‑tracked benchmark typically generates forced buying, but the move may be limited after the initial rebalance.
Market effects
European telecom sector may see slight uplift as a major component joins the benchmark.
STOXX 50 weight shift could affect other constituents and related ETFs.
Limited to European equity markets; global impact modest.
Counterpoint
If index buying is already priced in, the stock could face a pull‑back once rebalance demand subsides.
Key entities
- companyNokia Corporation
Finnish telecom equipment maker whose ADRs are being added to the EURO STOXX 50.
- index_providerSTOXX Ltd.
Operator of the EURO STOXX 50 index.





