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Hornbach May Have to Leave SDAX Index, Boersen-Zeitung Says

Hornbach Holding AG will probably have to leave Germany’s SDAX stock index of small companies as trading volume is too small, Boersen-Zeitung reported, citing Silke Schluensen, an analyst at Close Brothers Seydler Bank.

Hornbach, a Neustadt, Germany-based retailer of building materials, will most likely be replaced by GSW Immobilien AG when the index membership is revised on June 20, the newspaper said today, citing Anke Platzek, an analyst at Landesbank Baden-Wuerttemberg.

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