It is certainly a great news for Nokia and it investors!! After being dropped from EURO STOXX 50 index in 2013, it has now been added back to the top 50 Blue-Chip stock index. It is a kind of symbolic comeback for Nokia after it has got rid of loss-making Phone division and now embarks on a path of growth with profitable businesses.
The comeback to EURO STOXX 50 should have a positive impact on the stock price as, the top 50 stocks are used by mutual fund and other big investors.
Thanks Riff Raff for the tip. Cheers!!
