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German DAX Index (GDAXI)

QUOTE AND NEWS
European shares decline as banks weigh
MarketWatch  Jan 13  Comment 
European shares declined for the third straight session on Wednesday, with banks taking a knock after Societe Generale , down 4.3%, said that a decision to take another 1.4 billion euros of charges on risky assets means that it now expects to...
Dax
FX Street  Jan 11  Comment 
Dax March Contract The Dax finally broke higher in the last week of December but in the first week... For more information, read our latest forex news and reports.
Marginally weaker
Business Times - Malaysia  Dec 30  Comment 
LONDON: European shares snapped a six-day winning run yesterday in thin trade, with banks and drugmakers leading the fallers. The FTSEurofirst 300 provisionally closed 0.4 per cent lower at 1,043.00 points, pulling back from a 15-month...
German stocks finish year with best year since '05
MarketWatch  Dec 30  Comment 
DAX climbs 23.85%.
European Stocks Seen Opening Higher
Wall Street Journal  Dec 29  Comment 
European stocks are expected to open higher Tuesday, tracking fresh highs in the main U.S. indexes overnight.
Stocks firmer
Business Times - Malaysia  Dec 28  Comment 
LONDON: European shares rose for a fifth consecutive session yesterday following a rally in Asian shares and firmer commodity prices, though trading was thin with London markets closed. At 1132 GMT, the FTSEurofirst 300 index of leading ...
German DAX index climbs above 6,000 points
Sydney Morning Herald  Dec 28  Comment 
The German Dax index of leading stocks breached the 6,000 point mark as trading began on Monday, the first time it has reached the benchmark since September 26, 2008.
[$] European Stocks End Near 15-Month Highs
Wall Street Journal  Dec 28  Comment 
European markets rose in thin trade Monday, as Germany's DAX crossed 6000.
European shares climb in early deals
The Economic Times  Dec 28  Comment 
European share prices rose in opening trades on Monday, with the Frankfurt Dax climbing above 6,000 points for the first time since September 26, 2008.
Strong gains
Business Times - Malaysia  Dec 21  Comment 
LONDON: European stock markets posted strong gains yesterday, with the London FTSE 100 index rising 1.87 per cent to close at 5,293.99 points. In Paris the CAC 40 added 2.05 per cent to finish at 3,872.06 while in Frankfurt the Dax gained...



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 This article describes an index that measures the performance of an exchange, industry or a geographic region. View articles referencing this index.
 
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Advait Pandey

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 is 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]:

Contents

References

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