The German market is one of the most powerful in all of Europe; it has within itself a set of companies that handle sales in all corners of the planet. Now, how does Germany measure the stock index of these companies? It is very simple to do it with the DAX 30 index.
In the next section you will find out everything related to the DAX 30. Among other things, you will know what it is, how it is composed and which are the main companies listed on the German Stock Exchange. Follow us and get the most complete information.
So you ask yourself, what is the DAX 30 and when did it start working? The DAX 30 is the stock index that registers and manages the shares of the 30 companies; listed on the Frankfurt Stock Exchange. Its activities are managed 5 days a week (Monday to Friday) at a time between 9:00 am to 5:30 pm; which is when auction closes.
The history of the DAX 30 is quite long, since its operation dates from the year 1987; when it started on December 30th with an initial base value of 1000.
The direct operator of the Dax is known as Xetra, which is nothing more than a trading platform. The aim of the DAX 30 is to measure the performance of the 30 largest companies and companies in Germany, but only in terms of volume and market capitalization.
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What other indices can the DAX 30 be compared to? This German stock index is comparable in several respects with the Dow Jones in the United States and the FT 30 in Britain.
On the other hand, it is good to point out that because its size is very small compared to others such as the Nasdaq or the S&P 500; it does not represent the vitality of the country’s overall economy.
Regarding the composition of the DAX 30, as we mentioned at the beginning, the 30 largest companies in Germany listed on the Frankfurt Stock Exchange; they are the ones that make up this stock index. Among the most representative we have: Bayer, Adidas, Allianz, BMW, Deutsche Bank, Volkswagen Group, Siemens and others.
As one of the directive guidelines of the German index; none of the companies can have a weight greater than 30%. The reviews of each of these are carried out once a year, in the month of September.
The best session of this index was reached 12 years ago, when on October 13, 2008 it reached 11.40 percentage points of growth in its shares. On the other hand, its lowest peak was on October 16, 1989; when he lost 12.81% in the value of his shares.
It has had less significant ups and downs, this because Germany has maintained a stable economic system, especially in the last 20 years.