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Definition: Deutsche Aktien Xchange 30 - Dax 30
Deutsche Aktien Xchange 30 is Germanys main stock market index. Germany's 30 largest traded blue chip companies listed Frankfurt Stock Exchange are a part of this index. The prices are taken from Xetra trading system. There are two versions of DAX. One is called performance index which counted the dividends given and another one is price index which doesn’t. The frequency of price calculation is once per minute. DAX is calculated daily between 09:00 and 17:30 hours.
DAX has a base value of 1000 with base year end 1987. It is one of the most important equity indexes in Europe. As on 16/05/2015 it stands at 11447 points.
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DAX has the presence of some of the largest global companies from various sectors like automobiles, technology, FMCG, banks etc.