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DAX

The DAX (Deutscher Aktienindex (German stock index); German pronunciation: [daks] ) is a stock market index consisting of the 40 major German blue chip companies trading on the Frankfurt Stock Exchange. It is a total return index. Prices are taken from the Xetra trading venue. According to Deutsche Börse, the operator of Xetra, DAX measures the performance of the Prime Standard's 40 largest German companies in terms of order book volume and market capitalization.[2] DAX is the equivalent of the UK FTSE 100 and the US Dow Jones Industrial Average, and because of its small company selection it does not necessarily represent the vitality of the German economy as a whole.

DAX
Foundation1 July 1988
OperatorSTOXX (Qontigo, Deutsche Börse)
ExchangesFrankfurt Stock Exchange
Constituents40 (expanded from 30 in 2021)
TypeLarge cap
Market cap1,245 billion (7 May 2021)[1]
Weighting methodCapitalization-weighted
Related indicesMDAX, SDAX, TecDAX, ÖkoDAX
WebsiteDAX homepage

The L-DAX Index is an indicator of the German benchmark DAX index's performance after the Xetra trading venue closes based on the floor trading at the Börse Frankfurt trading venue. The L-DAX Index basis is the "floor" trade (Parketthandel) at the Frankfurt stock exchange; it is computed daily between 09:00 and 17:45 Hours CET.[3] The L/E-DAX index (Late/Early DAX) is calculated from 17:55 to 22:00 CET and from 08:00 to 09:00 CET. The Eurex, a European electronic futures and options exchange based in Zürich, Switzerland with a subsidiary in Frankfurt, Germany, offers options (ODAX) and Futures (FDAX) on the DAX from 01:10 to 22:00 CET or from 02:10 to 22:00 CEST.[4]

The Base date for the DAX is 30 December 1987, and it was started from a base value of 1,000. The Xetra technology calculates the index every second since 1 January 2006.

On 24 Nov 2020, Deutsche Börse announced an expansion of the DAX from 30 to 40 members and a tightening of rules in response to the Wirecard accounting scandal.[5] The expansion occurred in the 3rd quarter of 2021.[6]

Versions edit

The DAX has two versions, called performance index and price index, depending on whether dividends are counted. The performance index, which measures total return, is the more commonly quoted, however the price index is more similar to commonly quoted indexes in other countries.[citation needed]

Contract Specifications edit

DAX futures are traded on the Deutsche Borse Indices & ETF exchange (DBIndex). The contract specifications for the DAX Combined Index (ticker symbol DAXA) are listed below:

Contract Specifications[7]
DAX Combined Index (DAXA)
Exchange: DBIndex
Sector: Index
Tick Size: 0.01
Tick Value: 1 EUR
Big Point Value (BPV): 100
Denomination: EUR
Decimal Place: 2

Price history edit

On 16 March 2015, the performance index first closed above 12,000.[8] On 10 April 2015, the price index first closed above its closing high from 2000.[citation needed]

Record values edit

Category All-time highs
Closing 16,469.75 Friday, 28 July 2023
Intraday 16,528.97 Monday, 31 July 2023

Annual returns edit

The following collapsible table shows the annual development of the DAX, calculated retroactively up to 1950.[9][10]

Year Closing level Change in Index
in Points
Change in Index
in %
1950 30.18 −2.42 −7.42
1951 65.01 34.83 115.41
1952 59.75 −5.26 −8.09
1953 74.09 14.34 24.00
1954 135.28 61.19 82.59
1955 148.81 13.53 10.00
1956 137.80 −11.01 −7.40
1957 144.97 7.17 5.20
1958 232.23 87.26 60.19
1959 417.79 185.56 79.90
1960 534.09 116.30 27.84
1961 489.79 −44.30 −8.29
1962 386.32 −103.47 −21.13
1963 438.95 52.63 13.62
1964 477.89 38.94 8.87
1965 422.36 −55.53 −11.62
1966 333.36 −89.00 −21.07
1967 503.22 169.86 50.95
1968 555.62 52.40 10.41
1969 622.38 66.76 12.02
1970 443.86 −178.52 −28.68
1971 473.46 29.60 6.67
1972 536.36 62.90 13.29
1973 403.88 −132.48 −24.70
1974 401.79 −2.09 −0.52
1975 563.25 161.46 40.19
1976 509.02 −54.23 −9.63
1977 549.34 40.32 7.92
1978 575.15 25.81 4.70
1979 497.79 −77.36 −13.45
1980 480.92 −16.87 −3.39
1981 490.39 9.47 1.97
1982 552.77 62.38 12.72
1983 773.95 221.18 40.01
1984 820.91 46.96 6.07
1985 1,366.23 545.32 66.43
1986 1,432.25 66.02 4.83
1987 1,000.00 −432.25 −30.18
1988 1,327.87 327.87 32.79
1989 1,790.37 462.50 34.83
1990 1,398.23 −392.14 −21.90
1991 1,577.98 179.75 12.86
1992 1,545.05 −32.93 −2.09
1993 2,266.68 721.63 46.71
1994 2,106.58 −160.10 −7.06
1995 2,253.88 147.30 6.99
1996 2,888.69 634.81 28.17
1997 4,249.69 1,361.00 47.11
1998 5,002.39 752.70 17.71
1999 6,958.14 1,955.75 39.10
2000 6,433.61 −524.53 −7.54
2001 5,160.10 −1,273.51 −19.79
2002 2,892.63 −2,267.47 −43.94
2003 3,965.16 1,072.53 37.08
2004 4,256.08 290.92 7.34
2005 5,408.26 1,152.18 27.07
2006 6,596.92 1,188.66 21.98
2007 8,067.32 1,470.40 22.29
2008 4,810.20 −3,257.12 −40.37
2009 5,957.43 1,147.23 23.85
2010 6,914.19 956.76 16.06
2011 5,898.35 −1,015.84 −14.69
2012 7,612.39 1,714.04 29.06
2013 9,552.16 1,939.77 24.77
2014 9,805.55 253.39 2.65
2015 10,743.01 937.46 9.56
2016 11,481.06 738.05 6.87
2017 12,917.64 1,436.58 12.51
2018 10,558.96 −2,358.68 −18.26
2019 13,249.01 2,690.05 25.48
2020 13,718.78 469.77 3.55
2021 15,884.86 2,166.08 15.79
2022 13,923.59 −1,961.27 −12.35
2023 16,751.64 2,828.05 20.31

Components edit

Below is the list of companies which are a component of the DAX 40, as of 20 March 2023. The current stock prices and list of DAX companies are available from financial websites.[11][12] The index weighting refers to the DAX performance index.[13]

Logo Company Prime Standard Sector Ticker Index weighting (%)1 Employees Founded
  Adidas Apparel ADS.DE 2.0 061,401 (2021) 1924
  Airbus Aerospace & Defence AIR.DE 6.0 126.495 (2021) 1970
  Allianz Financial Services ALV.DE 7.1 155,411 (2021) 1890
  BASF Chemicals BAS.DE 3.5 111,047 (2021) 1865
  Bayer Pharmaceuticals BAYN.DE 4.8 099,637 (2021) 1863
  Beiersdorf Consumer goods BEI.DE 0.9 020,567 (2021) 1882
  BMW Automotive BMW.DE 2.5 118,909 (2021) 1916
  Brenntag Distribution BNR.DE 0.9 017,200 (2021) 1874
  Commerzbank Financial Services CBK.DE 0.8 040,181 (2021) 1870
  Continental Automotive CON.DE 0.6 190,875 (2021) 1871
  Covestro Chemicals 1COV.DE 0.6 017,909 (2021) 2015
  Daimler Truck Automotive DTG.DE 1.1 099,849 (2021) 2021
  Deutsche Bank Financial Services DBK.DE 1.6 082,969 (2021) 1870
Deutsche Börse Financial Services DB1.DE 2.7 010,200 (2021) 1992
  Deutsche Post Logistics DHL.DE 3.4 592,263 (2021) 1995
  Deutsche Telekom Telecommunication DTE.DE 6.5 216,528 (2021) 1995
  E.ON Utilities EOAN.DE 1.9 078,126 (2021) 2000
  Fresenius Healthcare FRE.DE 0.8 316,078 (2021) 1912
  Hannover Re Insurance HNR1.DE 0.8 003,346 (2021) 1966
  Heidelberg Materials Construction Materials HEI.DE 0.7 051,209 (2021) 1874
  Henkel Consumer Goods HEN3.DE 0.9 052,450 (2021) 1876
  Infineon Technologies Technology IFX.DE 3.9 050,280 (2021) 1999
  Mercedes-Benz Group Automotive MBG.DE 4.8 172,000 (2021) 1926
  Merck Pharmaceuticals MRK.DE 1.8 008,081 (2021) 1668
  MTU Aero Engines Aerospace & Defence MTX.DE 1.0 010,833 (2022) 1934
  Munich Re Financial Services MUV2.DE 3.6 040,177 (2022) 1880
Porsche Automotive P911.DE 1.1 036,996 (2021) 1931
  Porsche SE Automotive PAH3.DE 0.6 000,882 (2021) 2007
  Qiagen Biotech QIA.DE 0.8 005,900 (2021) 1984
  Rheinmetall Aerospace & Defence RHM.DE 025.486 (2022) 1889
  RWE Utilities RWE.DE 2.2 018,246 (2021) 1898
  SAP Technology SAP.DE 10.1 107,415 (2021) 1972
  Sartorius Medical Technology SRT3.DE 0.8 018,832 (2021) 1870
  Siemens Industrials SIE.DE 9.0 303,000 (2021) 1847
  Siemens Energy Energy technology ENR.DE 0.7 092,000 (2021) 2020
  Siemens Healthineers Medical Equipment SHL.DE 1.2 066,000 (2021) 2020
  Symrise Chemicals SY1.DE 1.1 011,276 (2021) 2003
  Volkswagen Group Automotive VOW3.DE 2.4 672,800 (2021) 1937
  Vonovia Real Estate VNA.DE 1.1 015,900 (2022) 2001
  Zalando E-Commerce ZAL.DE 0.7 017,000 (2021) 2008

^Note 1 : Weightings as of 23 March 2023[13]

Former DAX components edit

This table lists former DAX components and the companies which replaced them.

Date Component excluded Component included Reason for exclusion/ Comments
03.09.1990 Feldmühle Nobel Metallgesellschaft Takeover of Feldmühle Nobel by Stora Enso
Nixdorf Germany Preussag (now TUI) Merged with Siemens to form Siemens-Nixdorf
18.09.1995 Deutsche Babcock SAP Replaced by SAP because of lower market capitalisation
22.07.1996 Kaufhof METRO Merger of Kaufhof and Metro Cash & Carry
23.09.1996 Continental Münchener Rück Continental was added back to the DAX on 22 September 2003, though it was demoted again in 2008 and added back again in 2012
18.11.1996 Metallgesellschaft Deutsche Telekom IPO of Deutsche Telekom
22.06.1998 Bayerische Hypotheken-
und Wechselbank
Adidas Merger of Vereinsbank and Hypobank to form HypoVereinsbank
Bayerische Vereinsbank HypoVereinsbank
21.12.1998 Daimler-Benz DaimlerChrysler
(now Daimler)
Merger of Daimler-Benz with Chrysler
22.03.1999 Degussa Degussa-Hüls Merger of Degussa AG with Hüls AG and renaming to Degussa-Hüls AG
25.03.1999 Thyssen ThyssenKrupp Merger of Thyssen and Krupp
20.09.1999 Hoechst Fresenius Medical Care Merger of Hoechst and Rhône-Poulenc with Aventis
14.02.2000 Mannesmann Epcos Takeover of Mannesmann by Vodafone
19.06.2000 Veba E.ON Merger of Veba and Viag to form E.ON
VIAG Infineon
18.12.2000 Degussa-Hüls Degussa Merger of Degussa-Hüls AG and SKW Trostberg AG to new Degussa AG
19.03.2001 KarstadtQuelle Deutsche Post IPO of Deutsche Post
23.07.2001 Dresdner Bank MLP Vz. Takeover of Dresdner Bank by Allianz
23.09.2002 Degussa Altana Inadequate market capitalisation
23.12.2002 Epcos Deutsche Börse Fast-exit of Epcos, as Epcos' market capitalisation became inadequate.[14]
22.09.2003 MLP Continental Inadequate free float and market capitalisation.
31.01.2005 Lanxess Lanxess was spun off from Bayer, for calculating reasons added to the DAX as a temporary 31st component, and removed a day later. It was added to the DAX in 2012 and removed again in 2015.
01.02.2005 Lanxess
19.12.2005 HypoVereinsbank Hypo Real Estate Takeover of HypoVereinsbank by UniCredit
18.09.2006 Schering Postbank Takeover of Schering by Bayer
18.06.2007 Altana Merck After the sale of Nycomed, inadequate market capitalisation[15]
22.09.2008 TUI K+S Fast-entry of K+S, inadequate market capitalisation of TUI[16]
22.12.2008 Continental Beiersdorf Fast-exit of Continental because of inadequate free-float market capitalisation after the acquisition by Schaeffler Group
22.12.2008 Hypo Real Estate Salzgitter Fast-exit of Hypo Real Estate because of inadequate free-float market capitalisation after a stake by American investor JC Flowers, as well as huge decline in market capitalisation during the Financial crisis of 2007–2010
23.03.2009 Deutsche Postbank Hannover Re Fast-exit due to inadequate market capitalisation[17]
Infineon Technologies Fresenius Vz
21.09.2009 Hannover Re Infineon Technologies Inadequate market capitalisation
21.06.2010 Salzgitter HeidelbergCement Inadequate market capitalisation
24.09.2012 MAN Continental Inadequate free-float capitalisation after acquisition by Volkswagen
24.09.2012 Metro Lanxess Inadequate market capitalisation
21.09.2015 Lanxess Vonovia Inadequate market capitalisation
21.03.2016 K+S ProSiebenSat.1 Media Inadequate market capitalisation
19.03.2018 ProSiebenSat.1 Media Covestro Inadequate market capitalisation
24.09.2018 Commerzbank Wirecard Inadequate market capitalisation
23.09.2019[18] ThyssenKrupp MTU Aero Engines Inadequate market capitalisation
22.06.2020[19] Deutsche Lufthansa Deutsche Wohnen Inadequate market capitalisation
19.08.2020[20] Wirecard Delivery Hero new Insolvency Rule (section 5.1.1)
22.03.2021[21] Beiersdorf Siemens Energy Inadequate market capitalisation
16.09.2021 Vitesco Vitesco was spun off from Continental, for calculating reasons added to the DAX as a temporary 31st component, and removed a day later.
17.09.2021 Vitesco
20.09.2021 Airbus 10 companies added to expand DAX to 40 components
Brenntag
HelloFresh
Porsche SE
Puma
Qiagen
Sartorius
Siemens Healthineers
Symrise
Zalando
29.10.2021 Deutsche Wohnen Beiersdorf
10.12.2021 Daimler Truck Daimler Truck was spun off from Mercedes-Benz, for calculating reasons added to the DAX as a temporary 41st component, and removed next trading day. It was added to the DAX again in 2022.
13.12.2021 Daimler Truck
21.03.2022 Beiersdorf Daimler Truck
Siemens Energy Hannover Re
20.06.2022 Delivery Hero Beiersdorf
19.09.2022 HelloFresh Siemens Energy
19.12.2022 Puma Porsche Initial public offering of Porsche
27.02.2023 Linde Commerzbank Delisting of Linde on Frankfurt stock exchange
20.03.2023 Fresenius Medical Care Rheinmetall
 
DAX 30 chart at the Frankfurt Stock Exchange
 
A BMW Z4
 
The RWE-owned Niederaussem Power Station
 
The headquarters of DAX companies in 2013

See also edit

Stock market lists
Other lists
Other stock market indices
  • List of stock market indices
  • CDAX, every listed German company
  • HDAX, union of DAX, MDAX and TecDAX (successor to DAX 100, and equivalent of the FTSE 100 or the S&P 100)
  • MDAX, the next 50 largest companies after the DAX
  • SDAX, the next 70 largest companies after the MDAX
  • ÖkoDAX, top 10 companies in renewable energy
  • TecDAX, top 30 companies trading in the "new economy"

References edit

  1. ^ "DAX Market capitalization | Markets Insider". markets.businessinsider.com.
  2. ^ "DAX". deutsche-boerse.com.
  3. ^ "Trading Parameter Xetra Frankfurt" (PDF). Xetra. 23 November 2020. (PDF) from the original on 26 August 2021.
  4. ^ "Extension of trading hours for selected benchmark futures and MSCI futures" (PDF). Eurex Exchange. 15 November 2018. (PDF) from the original on 26 August 2021.
  5. ^ "Germany's DAX to expand to 40 members from 30 in index shake-up". Reuters. 24 November 2020 – via www.reuters.com.
  6. ^ Ramakrishnan, Shriya; Kumaresan, Shivani (24 November 2020). "Germany's DAX index gets shake-up in wake of Wirecard scandal - Metro US". www.metro.us.
  7. ^ "Historical DAX Combined Index Intraday Data (DAXA)". PortaraCQG. Retrieved 30 September 2022.
  8. ^ "Dax breaks 12,000 barrier". Financial Times. Archived from the original on 10 December 2022.
  9. ^ . 19 October 2010. Archived from the original on 19 October 2010. Retrieved 20 January 2020.
  10. ^ DAX. "DAX Digital | DAX® (TR) EUR". dax-indices.com. Retrieved 20 January 2020.
  11. ^ "DAX 30 Liste | DAX Werte | DAX Aktien". finanzen.net (in German). Retrieved 24 September 2019.
  12. ^ "DAX 30 Liste: Dax Realtime-Kursliste | DAX Aktien | DAX Werte | Dax Unternehmen". boerse.de (in German). Retrieved 24 September 2019.
  13. ^ a b dax-indices.com. "Index Composition Report" (xls). Retrieved 17 October 2020.
  14. ^ Deutsche Börse: Deutsche Börse ab dem 23. Dezember im DAX 11 January 2009 at the Wayback Machine Pressemitteilung, 12. November 2002
  15. ^ Frankfurter Allgemeine Zeitung: Merck ersetzt Altana im DAX
  16. ^ Deutsche Börse: K+S ersetzt TUI in DAX 11 January 2009 at the Wayback Machine Pressemitteilung, 3 September 2008
  17. ^ "Fresenius und Hannover Rück steigen in Dax auf". Handelsblatt (in German). 4 March 2009. Retrieved 24 June 2021.
  18. ^ "Sep 2019 Media release" (PDF).
  19. ^ "Deutsche Lufthansa to leave Germany's DAX Index". Marketwatch. 5 June 2020. Retrieved 5 June 2020.
  20. ^ "Unscheduled Component Change in DAXSelection Indices" (PDF). STOXX. 19 August 2020.
  21. ^ "Composition Changes for DAX, MDAX, SDAX and TecDAX Indices" (PDF). STOXX. 3 March 2021.

External links edit

  • Reuters page for .GDAXI
  • DAX homepage
  • Bloomberg page for DAX:IND
  • Eurex Exchange Homepage

other, uses, disambiguation, deutscher, aktienindex, german, stock, index, german, pronunciation, daks, stock, market, index, consisting, major, german, blue, chip, companies, trading, frankfurt, stock, exchange, total, return, index, prices, taken, from, xetr. For other uses see Dax disambiguation The DAX Deutscher Aktienindex German stock index German pronunciation daks is a stock market index consisting of the 40 major German blue chip companies trading on the Frankfurt Stock Exchange It is a total return index Prices are taken from the Xetra trading venue According to Deutsche Borse the operator of Xetra DAX measures the performance of the Prime Standard s 40 largest German companies in terms of order book volume and market capitalization 2 DAX is the equivalent of the UK FTSE 100 and the US Dow Jones Industrial Average and because of its small company selection it does not necessarily represent the vitality of the German economy as a whole DAXFoundation1 July 1988OperatorSTOXX Qontigo Deutsche Borse ExchangesFrankfurt Stock ExchangeConstituents40 expanded from 30 in 2021 TypeLarge capMarket cap 1 245 billion 7 May 2021 1 Weighting methodCapitalization weightedRelated indicesMDAX SDAX TecDAX OkoDAXWebsiteDAX homepageThe L DAX Index is an indicator of the German benchmark DAX index s performance after the Xetra trading venue closes based on the floor trading at the Borse Frankfurt trading venue The L DAX Index basis is the floor trade Parketthandel at the Frankfurt stock exchange it is computed daily between 09 00 and 17 45 Hours CET 3 The L E DAX index Late Early DAX is calculated from 17 55 to 22 00 CET and from 08 00 to 09 00 CET The Eurex a European electronic futures and options exchange based in Zurich Switzerland with a subsidiary in Frankfurt Germany offers options ODAX and Futures FDAX on the DAX from 01 10 to 22 00 CET or from 02 10 to 22 00 CEST 4 The Base date for the DAX is 30 December 1987 and it was started from a base value of 1 000 The Xetra technology calculates the index every second since 1 January 2006 On 24 Nov 2020 Deutsche Borse announced an expansion of the DAX from 30 to 40 members and a tightening of rules in response to the Wirecard accounting scandal 5 The expansion occurred in the 3rd quarter of 2021 6 Contents 1 Versions 2 Contract Specifications 3 Price history 4 Record values 5 Annual returns 6 Components 7 Former DAX components 8 See also 9 References 10 External linksVersions editThe DAX has two versions called performance index and price index depending on whether dividends are counted The performance index which measures total return is the more commonly quoted however the price index is more similar to commonly quoted indexes in other countries citation needed Contract Specifications editDAX futures are traded on the Deutsche Borse Indices amp ETF exchange DBIndex The contract specifications for the DAX Combined Index ticker symbol DAXA are listed below Contract Specifications 7 DAX Combined Index DAXA Exchange DBIndexSector IndexTick Size 0 01Tick Value 1 EURBig Point Value BPV 100Denomination EURDecimal Place 2Price history editOn 16 March 2015 the performance index first closed above 12 000 8 On 10 April 2015 the price index first closed above its closing high from 2000 citation needed Record values editCategory All time highsClosing 16 469 75 Friday 28 July 2023Intraday 16 528 97 Monday 31 July 2023Annual returns editThe following collapsible table shows the annual development of the DAX calculated retroactively up to 1950 9 10 Year Closing level Change in Indexin Points Change in Indexin 1950 30 18 2 42 7 421951 65 01 34 83 115 411952 59 75 5 26 8 091953 74 09 14 34 24 001954 135 28 61 19 82 591955 148 81 13 53 10 001956 137 80 11 01 7 401957 144 97 7 17 5 201958 232 23 87 26 60 191959 417 79 185 56 79 901960 534 09 116 30 27 841961 489 79 44 30 8 291962 386 32 103 47 21 131963 438 95 52 63 13 621964 477 89 38 94 8 871965 422 36 55 53 11 621966 333 36 89 00 21 071967 503 22 169 86 50 951968 555 62 52 40 10 411969 622 38 66 76 12 021970 443 86 178 52 28 681971 473 46 29 60 6 671972 536 36 62 90 13 291973 403 88 132 48 24 701974 401 79 2 09 0 521975 563 25 161 46 40 191976 509 02 54 23 9 631977 549 34 40 32 7 921978 575 15 25 81 4 701979 497 79 77 36 13 451980 480 92 16 87 3 391981 490 39 9 47 1 971982 552 77 62 38 12 721983 773 95 221 18 40 011984 820 91 46 96 6 071985 1 366 23 545 32 66 431986 1 432 25 66 02 4 831987 1 000 00 432 25 30 181988 1 327 87 327 87 32 791989 1 790 37 462 50 34 831990 1 398 23 392 14 21 901991 1 577 98 179 75 12 861992 1 545 05 32 93 2 091993 2 266 68 721 63 46 711994 2 106 58 160 10 7 061995 2 253 88 147 30 6 991996 2 888 69 634 81 28 171997 4 249 69 1 361 00 47 111998 5 002 39 752 70 17 711999 6 958 14 1 955 75 39 102000 6 433 61 524 53 7 542001 5 160 10 1 273 51 19 792002 2 892 63 2 267 47 43 942003 3 965 16 1 072 53 37 082004 4 256 08 290 92 7 342005 5 408 26 1 152 18 27 072006 6 596 92 1 188 66 21 982007 8 067 32 1 470 40 22 292008 4 810 20 3 257 12 40 372009 5 957 43 1 147 23 23 852010 6 914 19 956 76 16 062011 5 898 35 1 015 84 14 692012 7 612 39 1 714 04 29 062013 9 552 16 1 939 77 24 772014 9 805 55 253 39 2 652015 10 743 01 937 46 9 562016 11 481 06 738 05 6 872017 12 917 64 1 436 58 12 512018 10 558 96 2 358 68 18 262019 13 249 01 2 690 05 25 482020 13 718 78 469 77 3 552021 15 884 86 2 166 08 15 792022 13 923 59 1 961 27 12 352023 16 751 64 2 828 05 20 31Components editBelow is the list of companies which are a component of the DAX 40 as of 20 March 2023 The current stock prices and list of DAX companies are available from financial websites 11 12 The index weighting refers to the DAX performance index 13 Logo Company Prime Standard Sector Ticker Index weighting 1 Employees Founded nbsp Adidas Apparel ADS DE 2 0 0 61 401 2021 1924 nbsp Airbus Aerospace amp Defence AIR DE 6 0 126 495 2021 1970 nbsp Allianz Financial Services ALV DE 7 1 155 411 2021 1890 nbsp BASF Chemicals BAS DE 3 5 111 047 2021 1865 nbsp Bayer Pharmaceuticals BAYN DE 4 8 0 99 637 2021 1863 nbsp Beiersdorf Consumer goods BEI DE 0 9 0 20 567 2021 1882 nbsp BMW Automotive BMW DE 2 5 118 909 2021 1916 nbsp Brenntag Distribution BNR DE 0 9 0 17 200 2021 1874 nbsp Commerzbank Financial Services CBK DE 0 8 0 40 181 2021 1870 nbsp Continental Automotive CON DE 0 6 190 875 2021 1871 nbsp Covestro Chemicals 1COV DE 0 6 0 17 909 2021 2015 nbsp Daimler Truck Automotive DTG DE 1 1 0 99 849 2021 2021 nbsp Deutsche Bank Financial Services DBK DE 1 6 0 82 969 2021 1870Deutsche Borse Financial Services DB1 DE 2 7 0 10 200 2021 1992 nbsp Deutsche Post Logistics DHL DE 3 4 592 263 2021 1995 nbsp Deutsche Telekom Telecommunication DTE DE 6 5 216 528 2021 1995 nbsp E ON Utilities EOAN DE 1 9 0 78 126 2021 2000 nbsp Fresenius Healthcare FRE DE 0 8 316 078 2021 1912 nbsp Hannover Re Insurance HNR1 DE 0 8 0 0 3 346 2021 1966 nbsp Heidelberg Materials Construction Materials HEI DE 0 7 0 51 209 2021 1874 nbsp Henkel Consumer Goods HEN3 DE 0 9 0 52 450 2021 1876 nbsp Infineon Technologies Technology IFX DE 3 9 0 50 280 2021 1999 nbsp Mercedes Benz Group Automotive MBG DE 4 8 172 000 2021 1926 nbsp Merck Pharmaceuticals MRK DE 1 8 0 0 8 081 2021 1668 nbsp MTU Aero Engines Aerospace amp Defence MTX DE 1 0 0 10 833 2022 1934 nbsp Munich Re Financial Services MUV2 DE 3 6 0 40 177 2022 1880Porsche Automotive P911 DE 1 1 0 36 996 2021 1931 nbsp Porsche SE Automotive PAH3 DE 0 6 0 0 0 882 2021 2007 nbsp Qiagen Biotech QIA DE 0 8 0 0 5 900 2021 1984 nbsp Rheinmetall Aerospace amp Defence RHM DE 0 25 486 2022 1889 nbsp RWE Utilities RWE DE 2 2 0 18 246 2021 1898 nbsp SAP Technology SAP DE 10 1 107 415 2021 1972 nbsp Sartorius Medical Technology SRT3 DE 0 8 0 18 832 2021 1870 nbsp Siemens Industrials SIE DE 9 0 303 000 2021 1847 nbsp Siemens Energy Energy technology ENR DE 0 7 0 92 000 2021 2020 nbsp Siemens Healthineers Medical Equipment SHL DE 1 2 0 66 000 2021 2020 nbsp Symrise Chemicals SY1 DE 1 1 0 11 276 2021 2003 nbsp Volkswagen Group Automotive VOW3 DE 2 4 672 800 2021 1937 nbsp Vonovia Real Estate VNA DE 1 1 0 15 900 2022 2001 nbsp Zalando E Commerce ZAL DE 0 7 0 17 000 2021 2008 Note 1 Weightings as of 23 March 2023 13 Former DAX components editThis section needs additional citations for verification Please help improve this article by adding citations to reliable sources in this section Unsourced material may be challenged and removed Find sources DAX news newspapers books scholar JSTOR July 2021 Learn how and when to remove this template message This table lists former DAX components and the companies which replaced them Date Component excluded Component included Reason for exclusion Comments03 09 1990 Feldmuhle Nobel Metallgesellschaft Takeover of Feldmuhle Nobel by Stora EnsoNixdorf Germany Preussag now TUI Merged with Siemens to form Siemens Nixdorf18 09 1995 Deutsche Babcock SAP Replaced by SAP because of lower market capitalisation22 07 1996 Kaufhof METRO Merger of Kaufhof and Metro Cash amp Carry23 09 1996 Continental Munchener Ruck Continental was added back to the DAX on 22 September 2003 though it was demoted again in 2008 and added back again in 201218 11 1996 Metallgesellschaft Deutsche Telekom IPO of Deutsche Telekom22 06 1998 Bayerische Hypotheken und Wechselbank Adidas Merger of Vereinsbank and Hypobank to form HypoVereinsbankBayerische Vereinsbank HypoVereinsbank21 12 1998 Daimler Benz DaimlerChrysler now Daimler Merger of Daimler Benz with Chrysler22 03 1999 Degussa Degussa Huls Merger of Degussa AG with Huls AG and renaming to Degussa Huls AG25 03 1999 Thyssen ThyssenKrupp Merger of Thyssen and Krupp20 09 1999 Hoechst Fresenius Medical Care Merger of Hoechst and Rhone Poulenc with Aventis14 02 2000 Mannesmann Epcos Takeover of Mannesmann by Vodafone19 06 2000 Veba E ON Merger of Veba and Viag to form E ONVIAG Infineon18 12 2000 Degussa Huls Degussa Merger of Degussa Huls AG and SKW Trostberg AG to new Degussa AG19 03 2001 KarstadtQuelle Deutsche Post IPO of Deutsche Post23 07 2001 Dresdner Bank MLP Vz Takeover of Dresdner Bank by Allianz23 09 2002 Degussa Altana Inadequate market capitalisation23 12 2002 Epcos Deutsche Borse Fast exit of Epcos as Epcos market capitalisation became inadequate 14 22 09 2003 MLP Continental Inadequate free float and market capitalisation 31 01 2005 Lanxess Lanxess was spun off from Bayer for calculating reasons added to the DAX as a temporary 31st component and removed a day later It was added to the DAX in 2012 and removed again in 2015 01 02 2005 Lanxess19 12 2005 HypoVereinsbank Hypo Real Estate Takeover of HypoVereinsbank by UniCredit18 09 2006 Schering Postbank Takeover of Schering by Bayer18 06 2007 Altana Merck After the sale of Nycomed inadequate market capitalisation 15 22 09 2008 TUI K S Fast entry of K S inadequate market capitalisation of TUI 16 22 12 2008 Continental Beiersdorf Fast exit of Continental because of inadequate free float market capitalisation after the acquisition by Schaeffler Group22 12 2008 Hypo Real Estate Salzgitter Fast exit of Hypo Real Estate because of inadequate free float market capitalisation after a stake by American investor JC Flowers as well as huge decline in market capitalisation during the Financial crisis of 2007 201023 03 2009 Deutsche Postbank Hannover Re Fast exit due to inadequate market capitalisation 17 Infineon Technologies Fresenius Vz21 09 2009 Hannover Re Infineon Technologies Inadequate market capitalisation21 06 2010 Salzgitter HeidelbergCement Inadequate market capitalisation24 09 2012 MAN Continental Inadequate free float capitalisation after acquisition by Volkswagen24 09 2012 Metro Lanxess Inadequate market capitalisation21 09 2015 Lanxess Vonovia Inadequate market capitalisation21 03 2016 K S ProSiebenSat 1 Media Inadequate market capitalisation19 03 2018 ProSiebenSat 1 Media Covestro Inadequate market capitalisation24 09 2018 Commerzbank Wirecard Inadequate market capitalisation23 09 2019 18 ThyssenKrupp MTU Aero Engines Inadequate market capitalisation22 06 2020 19 Deutsche Lufthansa Deutsche Wohnen Inadequate market capitalisation19 08 2020 20 Wirecard Delivery Hero new Insolvency Rule section 5 1 1 22 03 2021 21 Beiersdorf Siemens Energy Inadequate market capitalisation16 09 2021 Vitesco Vitesco was spun off from Continental for calculating reasons added to the DAX as a temporary 31st component and removed a day later 17 09 2021 Vitesco20 09 2021 Airbus 10 companies added to expand DAX to 40 componentsBrenntagHelloFreshPorsche SEPumaQiagenSartoriusSiemens HealthineersSymriseZalando29 10 2021 Deutsche Wohnen Beiersdorf10 12 2021 Daimler Truck Daimler Truck was spun off from Mercedes Benz for calculating reasons added to the DAX as a temporary 41st component and removed next trading day It was added to the DAX again in 2022 13 12 2021 Daimler Truck21 03 2022 Beiersdorf Daimler TruckSiemens Energy Hannover Re20 06 2022 Delivery Hero Beiersdorf19 09 2022 HelloFresh Siemens Energy19 12 2022 Puma Porsche Initial public offering of Porsche27 02 2023 Linde Commerzbank Delisting of Linde on Frankfurt stock exchange20 03 2023 Fresenius Medical Care Rheinmetall nbsp DAX 30 chart at the Frankfurt Stock Exchange nbsp A BMW Z4 nbsp The RWE owned Niederaussem Power Station nbsp The headquarters of DAX companies in 2013See also editStock market listsList of stock exchanges List of European stock exchangesOther listsList of largest German companiesOther stock market indicesList of stock market indices CDAX every listed German company HDAX union of DAX MDAX and TecDAX successor to DAX 100 and equivalent of the FTSE 100 or the S amp P 100 MDAX the next 50 largest companies after the DAX SDAX the next 70 largest companies after the MDAX OkoDAX top 10 companies in renewable energy TecDAX top 30 companies trading in the new economy References edit DAX Market capitalization Markets Insider markets businessinsider com DAX deutsche boerse com Trading Parameter Xetra Frankfurt PDF Xetra 23 November 2020 Archived PDF from the original on 26 August 2021 Extension of trading hours for selected benchmark futures and MSCI futures PDF Eurex Exchange 15 November 2018 Archived PDF from the original on 26 August 2021 Germany s DAX to expand to 40 members from 30 in index shake up Reuters 24 November 2020 via www reuters com Ramakrishnan Shriya Kumaresan Shivani 24 November 2020 Germany s DAX index gets shake up in wake of Wirecard scandal Metro US www metro us Historical DAX Combined Index Intraday Data DAXA PortaraCQG Retrieved 30 September 2022 Dax breaks 12 000 barrier Financial Times Archived from the original on 10 December 2022 Index DAX 846900 Indexstand Borsenkurs Kurs Tool boerse de 19 October 2010 Archived from the original on 19 October 2010 Retrieved 20 January 2020 DAX DAX Digital DAX TR EUR dax indices com Retrieved 20 January 2020 DAX 30 Liste DAX Werte DAX Aktien finanzen net in German Retrieved 24 September 2019 DAX 30 Liste Dax Realtime Kursliste DAX Aktien DAX Werte Dax Unternehmen boerse de in German Retrieved 24 September 2019 a b dax indices com Index Composition Report xls Retrieved 17 October 2020 Deutsche Borse Deutsche Borse ab dem 23 Dezember im DAX Archived 11 January 2009 at the Wayback Machine Pressemitteilung 12 November 2002 Frankfurter Allgemeine Zeitung Merck ersetzt Altana im DAX Deutsche Borse K S ersetzt TUI in DAX Archived 11 January 2009 at the Wayback Machine Pressemitteilung 3 September 2008 Fresenius und Hannover Ruck steigen in Dax auf Handelsblatt in German 4 March 2009 Retrieved 24 June 2021 Sep 2019 Media release PDF Deutsche Lufthansa to leave Germany s DAX Index Marketwatch 5 June 2020 Retrieved 5 June 2020 Unscheduled Component Change in DAXSelection Indices PDF STOXX 19 August 2020 Composition Changes for DAX MDAX SDAX and TecDAX Indices PDF STOXX 3 March 2021 External links editReuters page for GDAXI DAX homepage Bloomberg page for DAX IND DAX MOBILE Eurex Exchange Homepage Frankfurt Stock Exchange Retrieved from https en wikipedia org w index php title DAX amp oldid 1206272387, wikipedia, wiki, book, books, library,

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