German DAX Index (GDAXI)

QUOTE AND NEWS  Feb 21  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks erased early losses to inch higher on Tuesday after flash survey data from IHS Markit showed Eurozone private sector growth improved markedly to hit a near six-year high in February. The...
MarketWatch  Feb 21  Comment 
European stocks finish at their highest in more than a year Tuesday, finding support from upbeat eurozone data. But HSBC shares suffered the most since 2009.  Feb 20  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German shares were higher on Monday, although trading volumes remained thin amid the Presidents Day holiday in the U.S. The benchmark DAX was up 72 points or 0.62 percent at 11,829 in opening deals after...  Feb 17  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German shares fluctuated in a narrow range on Friday amid broad-based losses, even as Allianz rallied following solid 2016 results and more generous dividend. The benchmark DAX was down 9 points or 0.08...  Feb 16  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German shares erased early gains to drift lower on Thursday after figures from Destatis showed German employment grew at the weakest pace in three years during the fourth quarter of 2016. The number of...  Feb 15  Comment 
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German shares rose on Wednesday, led by banks after Fed Chair Janet Yellen hinted at a hike in interest rates in March and French bank Credit Agricole reported a smaller-than-expected drop in fourth-quarter net...  Feb 14  Comment 
VIENNA (dpa-AFX) - German shares fluctuated in early trade Tuesday amid caution ahead of U.S. Federal Reserve Chairwoman Janet Yellen's congressional testimony starting later today. The benchmark DAX was down 7 points or 0.06 percent at...  Feb 13  Comment 
VIENNA (dpa-AFX) - German shares ticked higher on Monday, as commodities gained ground on expectations of stronger demand growth in China and takeover bids from two companies sent shares of drugmaker Stada to a record high. The benchmark DAX was...  Feb 10  Comment 
VIENNA (dpa-AFX) - German shares inched higher on Friday as U.S. President Donald Trump vowed to announce 'phenomenal' tax reform plan in next few weeks and upbeat Chinese trade data pointed to a rebound in external demand and...  Feb 9  Comment 
VIENNA (dpa-AFX) - German shares held steady in early trade Thursday, even as earnings proved to be a mixed bag and concerns over potential political turmoil in Europe persisted. The benchmark DAX was up 26 points or 0.23 percent at 11,569 in...


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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