DAX40 closed above 18,000 for the first time
On Friday, futures contracts on the DAX40 traded above 18,000 for the first time. Have a good trading week. The DAX (Deutscher Aktienindex) is a stock market index consisting of the 40 major German blue chip companies traded on the Frankfurt Stock Exchange. It is a total return index where prices are taken from the Xetra trading site. According to Deutsche Börse, Xetra’s operator, the DAX measures the performance of Prime Standard’s 40 largest German companies in terms of order book volume and market capitalization. The DAX is the equivalent of the UK FTSE 100 and the US Dow Jones Industrial Average, and because of its selection of small companies, it does not necessarily represent the vitality of the German economy as a whole.
The base date of the DAX is December 30, 1987, and it started from a base value of 1,000. Xetra technology calculates the index every second since January 1, 2006.
On November 24, 2020, Deutsche Börse announced an expansion of the DAX from 30 to 40 shares and a tightening of the rules in response to the Wirecard accounting scandal. The expansion took place in the third quarter of 2021.
Source: Vikingen.se
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