German DAX Index (GDAXI)

QUOTE AND NEWS  Aug 23  Comment 
VIENNA (dpa-AFX) - German shares rose notably on Tuesday as flash PMI data indicated the euro area remained on a steady growth path in the third quarter, with no signs of the recovery being derailed by Brexit uncertainty. The euro area composite...  Aug 22  Comment 
VIENNA (dpa-AFX) - German shares rose notably on Monday as a weaker euro lifted exporters' shares. However, trading volumes remained thin somewhat amid a quiet day on the earnings and economic front. The benchmark DAX was up 89 points or...  Aug 19  Comment 
VIENNA (dpa-AFX) - German shares drifted lower on Friday as the oil rally paused before the U.S. rigs count data and mixed messages from Fed officials clouded the outlook for interest rates. Investors are hoping that Fed Chair Janet...  Aug 18  Comment 
VIENNA (dpa-AFX) - German shares rose on Thursday after minutes from the Federal Reserve's July meeting showed policymakers are waiting for more data before considering an interest rate increase. Data on French unemployment, U.K. retail...  Aug 17  Comment 
VIENNA (dpa-AFX) - German shares fell in cautious trade Wednesday as investors looked ahead to minutes of the Fed's July policy meeting, scheduled for release tonight, for clues on the probability of the next Fed rate hike. The FOMC minutes...  Aug 16  Comment 
VIENNA (dpa-AFX) - German shares recouped some early losses on Tuesday in reaction to encouraging German economic sentiment and Eurozone trade data. While the ZEW institute's economic sentiment indicator for Germany partly recovered from...
MarketWatch  Aug 15  Comment 
Europe’s main stock benchmark inch lower Monday, but Germany’s DAX 30 index gains and turns flat for the year, boosted by Volkswagen AG’s rally.  Aug 12  Comment 
VIENNA (dpa-AFX) - German shares fell modestly on Friday as investors weighed disappointing Chinese data against higher oil prices, Wall Street's record close overnight and positive German growth and inflation data. German GDP grew 0.4...  Aug 11  Comment 
VIENNA (dpa-AFX) - German shares traded slightly higher in choppy trade Thursday, as well-received earnings updates from the likes of TUI, RWE and Henkel helped investors shrug off a slump in oil prices. WTI crude prices traded down about 0.8...  Aug 10  Comment 
VIENNA (dpa-AFX) - German shares drifted lower on Wednesday as oil price weakness and weak U.S. productivity data released overnight spurred caution among traders after recent sharp gains. With earnings season drawing to a close and the...


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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