* Osram, Evonik, RTL replace BayWa, Puma, SGL on MDAX
* K+S retains spot on DAX after recent stock recovery
* CompuGroup, Nemetschek replace Euromicron, Suess on TecDAX
* BayWa, Puma, SGL, Kion, Deutsche Annington join SDAX
FRANKFURT, Sept 4 Germany's Osram Licht AG
, Evonik Industries and RTL Group
will be added to Germany's mid-cap index MDAX following
their flotation on the Frankfurt stock exchange earlier this
Stock exchange operator Deutsche Boerse said late
on Wednesday that the three stocks would replace conglomerate
BayWa, sporting goods maker Puma and carbon
fibre specialist SGL, which will move to the SDAX
The index changes will become effective on Sept. 23.
Osram was spun off of engineering conglomerate Siemens
in July, and its shares have since gained almost 30
percent. RTL has gained about 38 percent since its April debut
in Frankfurt, while Evonik has declined around 16 percent.
Large-cap K+S, meanwhile, retained its place in
Germany's blue-chip index, even though the salt miner had early
last month looked set to drop out on expectations of a massive
slump in the price of potash, its main product and a key
Russian miner Uralkali said on July 30 that potash
prices could fall by more than 25 percent as it abandoned an
export pact with Belarussian partner Belaruskali, one of the
world's two big potash-exporting cartels.
Even though frictions between the two former Soviet
neighbors have escalated, hopes that the cartel can eventually
be mended have shored up the price of K+S stock in recent weeks.
CompuGroup Medical and Nemetschek will
join the TecDAX, while Euromicron and Suess MicroTec
will leave it.
Forklift truckmaker Kion and property firm Deutsche
Annington, which also floated on the stock exchange
recently, will join the SDAX.
Along with BayWa, Puma and SGL, they will replace insolvent
home improvement retail chain Praktiker, RTL, SKW
Stahl-Metallurgie, Highlight Communications
and SMT Scharf.
Deutsche Boerse said its next index review would take place
on Dec. 4.