German DAX Index (GDAXI)

QUOTE AND NEWS  Jul 14  Comment 
VIENNA (dpa-AFX) - German shares rallied on Thursday as Theresa May's appointment as Britain's new prime minister eased fears about political uncertainty in the country and investors looked ahead to an interest rate cut from the Bank of...
Mondo Visione  Jul 13  Comment 
On Wednesday, Deutsche Börse announced an unscheduled change to DAX. As a result of the expected merger of Deutsche Börse AG and London Stock Exchange plc, the Deutsche Börse AG current share class (ISIN DE0005810055) in the index will be...  Jul 13  Comment 
VIENNA (dpa-AFX) - German shares traded flat in choppy trade on Wednesday after the Japanese government denied the possibility of using "helicopter money" as a policy option and data out of China showed June exports and imports fell more than...  Jul 12  Comment 
VIENNA (dpa-AFX) - German shares rose sharply on Tuesday, with gains across U.S. and Asian markets as well as Daimler's encouraging quarterly results helping underpin investor sentiment. The removal of political uncertainty in the U.K....  Jul 11  Comment 
VIENNA (dpa-AFX) - German stocks rose on Monday, as upbeat U.S. jobs data allayed worries about the labor market and a major election victory for Japan's ruling LDP-Komeito coalition over the weekend paved the way for more fiscal stimulus....  Jul 8  Comment 
VIENNA (dpa-AFX) - German shares rose notably after Thursday's ADP report showed employment in the U.S. private sector rose more than expected in June, allaying some fears over the weak May nonfarm-payroll report. June's crucial...  Jul 6  Comment 
VIENNA (dpa-AFX) - German stocks fell again on Wednesday as worries over Brexit and the global economy took toll on banking stocks. Sluggish factory orders and construction activity data also dampened investor sentiment. The benchmark DAX was...  Jul 5  Comment 
VIENNA (dpa-AFX) - German shares fell for a second day in a row on Tuesday, as Brexit worries continue to linger and copper eased from a two-month high on concerns over Chinese demand. Oil fell below $50 a barrel on news of increased production...  Jul 4  Comment 
VIENNA (dpa-AFX) - German shares inched lower in lackluster trade on Monday as caution crept in after last week's sharp rally. Eurozone investor confidence fell to its lowest level in more than one-and-a-half years in July, results of the...  Jul 1  Comment 
VIENNA (dpa-AFX) - German stocks extended recent gains on Friday as investors bet on more stimulus from central banks following the Brexit vote. Bank of England Governor Mark Carney said on Thursday the central bank would act in summer to deal...


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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