Linde plc to Join the Nasdaq-100 Index® Beginning March 18, 2024
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Insights
The inclusion of Linde plc into the Nasdaq-100 Index and its related indices signifies a notable shift in the composition of these key benchmarks. This change reflects Linde's growth and its increasing market capitalization, which has evidently met the criteria for inclusion in these indices. The Nasdaq-100 Index is often used as a barometer for investor sentiment and market trends, particularly in the technology and non-financial sectors. Linde's addition might be indicative of the broader market's recognition of the industrial gas sector's stability and potential for growth.
From a market perspective, stocks included in major indices typically experience increased visibility and investor interest, which can lead to greater liquidity and potentially a more stable shareholder base. For current and potential investors, this could mean a reevaluation of Linde's stock, considering its new status as part of a major index, which often attracts index funds and passive investment strategies.
The transition of Linde plc into the Nasdaq-100 Index may have several financial implications. Historically, the inclusion in such an index can lead to a short-term increase in stock price due to the demand surge from index-tracking funds and ETFs that are required to hold shares of the index's constituents. In the longer term, the impact on the stock price will depend on Linde's financial performance and its alignment with the overall index's movement.
Investors should consider the potential for increased volatility around the inclusion date as portfolios adjust to the new composition. Additionally, the removal of Splunk Inc. from these indices could result in a temporary sell-off from index funds that may no longer hold the stock, affecting its liquidity and potentially its price.
Linde's addition to the Nasdaq-100 ESG Index is particularly noteworthy, as this suggests the company's environmental, social and governance (ESG) practices are aligning with investor expectations for sustainable and responsible business operations. This could attract a new segment of socially conscious investors and could signal to the market that Linde is committed to maintaining high ESG standards. For stakeholders, this inclusion could be seen as a validation of Linde's ESG efforts and may encourage further integration of sustainable practices in their business strategy.
For investors focused on ESG criteria, the reassessment of Linde's ESG performance compared to industry norms will be crucial. They will be looking for transparency in Linde's ESG reporting and how its practices compare with peers. The company's future performance in these areas will be closely watched, as any discrepancies or improvements could significantly influence investor perception and the company's standing within the ESG investment community.
NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Linde plc (Nasdaq: LIN), will become a component of the Nasdaq-100 Index® (Nasdaq: NDX®), the Nasdaq-100 Equal Weighted™ Index (Nasdaq: NDXE™), the Nasdaq-100 Ex-Tech Sector™ Index (Nasdaq: NDXX™), and the Nasdaq-100 ESG™ Index (Nasdaq: NDXESG™) prior to market open on Monday, March 18, 2024. Linde plc will replace Splunk Inc. (Nasdaq: SPLK) in the Nasdaq-100 Index® and the Nasdaq-100 Equal Weighted™ Index. Splunk will also be removed from the Nasdaq-100 ESG™ Index (Nasdaq: NDXESG™) and the Nasdaq-100 Tech Sector™ Index (Nasdaq: NDXT™) on the same date.
For more information about the company, go to https://www.linde.com/.
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| Media Contacts: | Camille Stafford, Nasdaq and |
| Jennifer Lawson, Nasdaq | |
| Issuer & Investor Contact: | Index Client Services, Nasdaq |
| Indexservices@nasdaq.com |
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FAQ
Why is Linde plc joining multiple Nasdaq indices?
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