German DAX Index (GDAXI)

QUOTE AND NEWS
newratings.com  Apr 27  Comment 
VIENNA (dpa-AFX) - German shares traded slightly higher in choppy trade on Wednesday even as Greek shares tumbled in the wake of reports that Eurogroup chairman Jeroen Dijsselbloem has postponed a planned meeting on the country's bailout that...
newratings.com  Apr 26  Comment 
VIENNA (dpa-AFX) - German shares rose on Tuesday, with firmer oil prices and positive company updates helping underpin investor sentiment ahead of the two-day Federal Reserve meeting starting later today. The benchmark DAX was up 23 points or...
newratings.com  Apr 22  Comment 
VIENNA (dpa-AFX) - German shares fell notably on Friday, with automakers pacing the decliners as the scandal engulfing Mitsubishi Motors deepened. A slew of prominent U.S. companies posted disappointing quarterly results and data showed Eurozone...
newratings.com  Apr 21  Comment 
VIENNA (dpa-AFX) - German shares traded flat in lackluster trade on Thursday as oil held steady after strong overnight gains and investors looked ahead to the ECB meeting later in the day. The European Central Bank is widely expected to hold...
newratings.com  Apr 20  Comment 
VIENNA (dpa-AFX) - German shares fell slightly on Wednesday as oil and metal prices retreated and mainland Chinese shares dropped by the most since February on concerns that improving economic data will prevent the government from...
newratings.com  Apr 20  Comment 
VIENNA (dpa-AFX) - German shares fell on Monday as commodity prices retreated and a survey showed German business morale weakened slightly in April. The Ifo Business Climate indicator stood at 106.6 in April, down from 106.7 in the previous...
newratings.com  Apr 19  Comment 
VIENNA (dpa-AFX) - German stocks extended gains for a second consecutive session on Tuesday as oil prices steadied in the wake of a strike by oil workers in Kuwait and upbeat data spurred optimism about the economy. German economic sentiment...
newratings.com  Apr 18  Comment 
VIENNA (dpa-AFX) - German shares fell on Monday after a deal to freeze oil output by OPEC and non-OPEC producers fell apart amid a spike in tensions between Saudi Arabia and Iran. That said, stocks recouped some early losses as oil prices...
newratings.com  Apr 15  Comment 
VIENNA (dpa-AFX) - German shares drifted lower on Friday after a powerful earthquake struck southwestern Japan and official data showed China's economy grew at its slowest pace in seven years during the first quarter. Closer home, data...
newratings.com  Apr 14  Comment 
VIENNA (dpa-AFX) - German shares traded slightly higher in lackluster trade on Thursday after sharp gains in the previous session. Investor sentiment turned cautious as oil and metal prices dropped on a stronger dollar and currencies across Asia...




 
TOP CONTRIBUTORS

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

Selection

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.

Composition

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

References

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