German DAX Index (GDAXI)

QUOTE AND NEWS  Mar 20  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German shares inched lower in early deals on Monday after financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open and finance the fight against climate...  Mar 17  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German shares fell in cautious trade on Friday as the euro stood tall against the dollar, weighing on the automotive sector. On the other hand, banks traded mostly higher amid an increase in bond yields after...  Mar 16  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German shares rallied on Thursday after the U.S. Federal Reserve signaled gradual rate increases and the Dutch political establishment managed to maintain its grip on power in a parliamentary election that was...  Mar 14  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks fell in cautious trade on Tuesday as the Federal Reserve's rate decision loomed and investors adopted a wait-and-watch approach ahead of Dutch parliamentary election on Wednesday, in which...  Mar 13  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German shares held steady in early trade Monday as investors took the prospects of higher U.S. interest rates in their stride and turned their attention to the upcoming Dutch election. Also, European Central...  Mar 10  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German shares rose on Friday, as oil prices steadied after two days of huge losses and investors continued to respond positively to the more upbeat assessment of the euro zone outlook provided by ECB President...  Mar 8  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German shares held steady on Wednesday after a sharp rise in China's February imports indicated improvement in domestic demand and another government report showed German industrial production recovered at...  Mar 7  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks were lackluster on Tuesday, as factory orders figures came in below estimates and investors waited for cues from Thursday's ECB meeting as well as the March 14-15 meeting of the policy-making...


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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