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The DAX


The Index of the Largest 30 German Companies

The Deutscher Aktien IndeX, also known as Deutscher Aktien-Index (German stock index) is a blue chip share market index constituted by 30 of the major German companies trading on the Frankfurt Stock Exchange. DAX quotations are created from an electronic DAX-Index of 30 largest German companiesoperator trading system called Xetra which according to Deutsche stock exchange. It measures the performance of the prime standard stock of the 30 largest companies in Germany on the base of their order book volume and capitalization of the market. The German stock index, DAX was created on December 1987 and started its value based on 1.000. The Xetra system analyzes the index every second from the beginning of 2006. An indicator of performance of the German benchmark Deutscher Aktien IndeX is the L-DAX index when the electronic trading system Xetra shuts down. The L-DAX is the so called "floor" trade at the Frankfurt stock exchange. It works every day between 09:00 and 17:30 Hours Central European Time. The L-DAX acronym stands for Late DAX, and it means that it is calculated from 17:30 to 20:00.





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The European electronic futures and options exchange also called EUREX is located in Switzerland at Zurich. Thanks to its subsidiary in Germany, the Eurex can offer also options and futures, also called ODAX and FDAX. They are both offered on the DAX starting from 08:00 until 22:00 CET. The lists of the companies present in the DAX are the following: • Adidas - the famous clothing and footwear, • Allianz - insurance company, • BASF - chemicals international company, • Bayer - chemicals and pharmaceuticals products.

Then Beiersdorf personal products, BMW- automobile manufacturers, Commerz bank - credit bank, Daimler - car manufacturers, Deutsche Bank - credit German bank, Deutsche Börse - securities brokers. Deutsche Lufthansa - German flagship airline, Deutsche Post - logistics and mail company, Deutsche Telekom- fixed line Telecommunication Company, E.ON -multi-utilities company, Fresenius - health care. Henkel - international personal products, Infineon Technologies – semiconductor products, K+S, Commodity Chemicals Company, Linde -industrial gases, MAN -diversified industrials from logistics to truck manufacturers. Merck - pharmaceuticals products, Metro- multiline retail company, Munich Re - re-insurance company, RWE - multi-utilities, SAP – internationally recognized leader of software solutions.
DAX 100 Sector Weightings

of the Index
Sector Weight
Financials 21.09%
Basic Materials 19.78%
Industrials 14.66%
Utilities 14.64%
Consumer Goods 12.42%
Technology 6.94%
Telecommunications 5.48%
Health Care 2.98%
Consumer Services 2.11%

Companies are Removed and Added Regularly

Siemens - diversified industrials, ThyssenKrupp, diversified industrials, Volkswagen Group, automobile manufacturers. Among the list of the current companies part of the DAX one of the last review sees the replacement of the Hannover Rück with the Infineon Technologies. Regarding the last modifications the last reviews were done on the last March of this year: the company Salzgitter was replaced by Heidelberg Cement, its membership will become effective from 21st of June.
Other companies had been excluded or had been replaced, such as Nixdorf, which merged into Siemens, Degussa merged into Degussa AG with Hüls AG and renamed into Degussa-Hüls AG. Dresdner Bank was taken over by Allianz, Lanxess was spun off from Bayer. Hypo Real Estate because of an inadequate free-float market capitalization and an offer from an American investment company it had a decline on the stock market and replaced by Salzgitter.

To be included in the DAX companies must meet the following criteria:

  • If the company U.S. listing is changed to any other market than the Nasdaq National Market

  • Company securities must have been listed on the exchange for at least the 3 previous years.

  • There must be a minimum of 15% capital free floating on the open market.

  • There must be a recognized amount of turnover.

  • Selection criteria primarily based on market capitalization.

  • Company business must have significant presence within the German economy.



Listing and Instant Quotes for all DAX Companies

Company Symbol
Yahoo Quote
Adidas ADS.DE
Allianz ALV.DE
BASF BAS.DE
Bayer BAYN.DE
Beiersdorf BEI.DE
BMW BMW.DE
Commerzbank CBK.DE
Daimler DAI.DE
Deutsche Bank DBK.DE
Deutsche Börse DB1.DE
Deutsche Lufthansa LHA.DE
Deutsche Post DPW.DE
Deutsche Telekom DTE.DE
E.ON EOAN.DE
Fresenius FRE.DE
Fresenius Medical Care FME.DE
Heidelberg Cement HEI.DE
Henkel HEN3.DE
Infineon Technologies IFX.DE
K+S SDF.DE
Linde LIN.DE
MAN MAN.DE
Merck MRK.DE
Metro MEO.DE
Munich Re MUV2.DE
RWE RWE.DE
SAP SAP.DE
Siemens SIE.DE
ThyssenKrupp TKA.DE
Volkswagen Group VOW3.DE