German DAX Index (GDAXI)

QUOTE AND NEWS  Jan 13  Comment 
VIENNA (dpa-AFX) - German stocks rebounded on Friday as a weaker euro lifted shares of automakers and financials also rallied ahead of a slew of U.S. bank earnings due out later in the day. Fed Chair Janet Yellen's comments on Thursday that...  Jan 11  Comment 
VIENNA (dpa-AFX) - German shares fell in cautious trade Wednesday as investors remained wary of making big bets ahead of U.S. President-elect Donald Trump's press conference later in the day. Trump's proposed tax cuts and spending plans...  Jan 10  Comment 
VIENNA (dpa-AFX) - German shares held mostly steady on Tuesday as oil recovered from overnight losses and data out of China showed the country's producer price index rose at its swiftest pace in more than five years in December, helped by the...  Jan 6  Comment 
VIENNA (dpa-AFX) - German shares inched lower on Friday after economic reports on factory orders and retail sales disappointed investors. German factory orders dropped 2.5 percent in November from October, when orders grew by revised 5 percent,...  Jan 5  Comment 
VIENNA (dpa-AFX) - German shares fell slightly in cautious trade Thursday as investors mulled over the latest minutes from the Federal Reserve meeting. Banking stocks were in focus after Deutsche Bank agreed to pay $95 million to resolve a tax...  Jan 4  Comment 
VIENNA (dpa-AFX) - German shares were slightly lower in choppy trade Wednesday, with automakers declining as the euro recovered from a 14-year low against the dollar. The benchmark DAX was down 3 points or 0.02 percent at 11,581 in opening...  Jan 3  Comment 
VIENNA (dpa-AFX) - German shares opened slightly higher on Tuesday after Chinese factory activity data pointed to continued stabilization and provisional data from Destatis showed German unemployment rate remained stable at adjusted 4.1 percent in...  Jan 2  Comment 
VIENNA (dpa-AFX) - German shares fell slightly in thin trade on the first trading day of the year after U.S. stocks ended 2016 with a whimper on Friday and data out of China showed the pace of growth in China's manufacturing and services...  Dec 28  Comment 
VIENNA (dpa-AFX) - German shares struggled to find direction in early trade Wednesday, although higher commodity prices and upbeat U.S. consumer confidence and housing data released overnight supported underlying sentiment. The benchmark DAX was...  Dec 27  Comment 
VIENNA (dpa-AFX) - German shares opened marginally higher in thin holiday trade on Tuesday as trading resumed after a Christmas break. Underlying sentiment remained somewhat positive after data showed profits at industrial firms in China continued...


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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