German DAX Index (GDAXI)

QUOTE AND NEWS  Jun 3  Comment 
VIENNA (dpa-AFX) - German shares rose on Friday as commodities gained ground and the final numbers for Eurozone business growth came in slightly ahead of the flash readings. The euro area private sector activity expanded more than initially...  Jun 2  Comment 
VIENNA (dpa-AFX) - German shares eked out modest gains on Thursday ahead of meetings of the European Central Bank and the Organization of the Petroleum Exporting Countries. No policy changes are expected from the ECB after the bank boosted...  Jun 1  Comment 
VIENNA (dpa-AFX) - German shares extended losses from the previous session on Wednesday, as commodities retreated and a slew of Chinese data failed to ease concerns about the nation's economic outlook. While oil prices fell over 1 percent...
Forbes  May 31  Comment 
Fifteen years ago, I had the honor of giving the keynote address in Dax, France, honoring French Economist Frederic Bastiat on his 200th birthday. I titled the speech, “Why Bastiat is My Hero.” The event was arranged by a wonderful man named...  May 31  Comment 
VIENNA (dpa-AFX) - German shares edged lower on Tuesday, with expectations for a summer rate hike in the U.S. and mixed regional data weighing on investor sentiment. Official data showed that German April retail sales fell for the...  May 30  Comment 
VIENNA (dpa-AFX) - German shares eked out modest gains in cautious trade on Monday after Federal Reserve Chair Janet Yellen hinted at a possible interest-rate hike as early as next month. Trading volumes remain thin as the London and New York...
The Hindu Business Line  May 30  Comment  May 27  Comment 
VIENNA (dpa-AFX) - German shares inched lower on Friday, as falling oil prices and lackluster industrial profits data from China served to induce a little bit of caution following a recent run-up in prices. Amid little economic data or corporate...  May 26  Comment 
VIENNA (dpa-AFX) - German shares traded slightly higher in a range-bound trade on Thursday as Brent crude prices breached the $50 a barrel mark for the first time since November and the G7 meeting of finance ministers in Japan got underway. Amid...  May 25  Comment 
VIENNA (dpa-AFX) - German shares extended Tuesday's rally, as Eurozone finance ministers cleared the way for fresh loans for Greece and investors grew more optimistic that the U.S. economy is strong enough to withstand higher interest rates....  May 23  Comment 
VIENNA (dpa-AFX) - German shares pared early losses on Monday even as a closely monitored survey of business activity across the 19-country Eurozone pointed to faltering growth. Flash survey results from Markit showed that its broad gauge of...


The Deutscher Aktien Index, or DAX 30 for short, is the blue chip market index for the Frankfurt Stock Exchange. It follows the top 30 german stocks on the electronic Xetra system that is used on the exchange.

Weighting and Calculation

The DAX indices are all calculated using capitalization weighted index using the total return Laspeyres index for calculations[1].

DAX Indices are weighted by shares.

  • The formula is:

Current index = Current total market cap of constituents × Previous Value / Previous Period

In comparison, the Shanghai SSE indices use the Paasche weighted composite price index formula[2]. This means that the index bases its calculations on its previous period for its calculations as compared to the Shanghai Composite Index, which bases it on the base period.

The Base date for the index is 30 December, 1987 and it was started from a base value of 1,000. The Xetra system calculates the index after every 1 minute.[3]

For more information, go to how stock indices work


The index sample of the DAX is selected according to the following six criteria[4]:

  • generally a company needs to be listed for at least three years prior to the inclusion of its stock in the DAX;
  • the free-floating capital must at least reach 15%;
  • turnover;
  • market capitalization;
  • availability of early opening prices, and
  • branch representativeness for the German economy.


As of March 2009, the DAX lists the following companies[5]:


  1. DAX Calculations
  2. Paasche and Laspeyres price indices
  3. DAX description
  4. DAX Description
  5. DAX Constituents
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