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#HSI Return to the list of instruments #FRANCE40

Currency converter

DAX 30
19348.4 USD
22 Nov 2024 22:59
Price Change (% chg)
$0
(0%)
Prev Close
Prev Close

Closing price, the previous day.
$19172.2
Open
Open

Opening price.
$19094.1
Day's High
Day's High

The highest price over the last trading day.
$19366.3
Day's Low
Day's Low

The lowest price over the last trading day
$19030.4
Week High
Week High

Price range high in the last week
$19366.3
Week Low
Week Low

Price range low in the last week
$18939.9
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Buy
19348.4
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19348.4
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Buy
19348.4
Sell
19348.4
Download archive
Open the chart in full screen view

The DAX (Deutcher Aktien Index) is the German index measuring performance of 30 German largest companies trading on the Frankfurt Stock Exchange. In order to qualify for a listing, the companies are reviews by their market capitalization as well as the volume of orders. The list is being revised quarterly to add yet more companies to it. The companies in the DAX index make up about 75% of the market cap on the Frankfurt stock exchange.

World-famous car manufacturers like Volkswagen, BMW, and Daimler are on the DAX index. International companies like Adidas, Siemens, Lufthansa, and SAP are also on the index, to name a few.

Alongside with the British and American indices, the DAX index is one of the commonly cited benchmarks. Great popularity of this instrument lies in the fact that it can be traded longer hours and traders can choose the most convenient time.

Having added the DAX index to your portfolio, you can ensure a great diversity. However, the index differs from the Dow Jones Industrial Average, for example, which also has 30 types of shares on it. The DAX is weighted by market capitalization – the size of the firm is taken into account when making a decision on changes in the average trading volume.

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