|
|
German stock market indices
A stock market index is a listing of stocks, and a statistic reflecting the composite value of its components. It is used as a tool to represent the characteristics of its component stocks, all of which bear some commonality such as trading on the same stock market exchange, belonging to the same industry, or having similar market capitalizations. Many indices compiled by news or financial services firms are used to benchmark the performance of portfolios such as mutual funds.
Stock market indices may be classed in many ways. A broad-base index represents the performance of a whole stock market— and by proxy, reflects investor sentiment on the state of the economy. The most regularly quoted market indices are broad-base indices including the largest listed companies on a nation's largest stock exchange, such as the German DAX.
DAX
DAX is a Blue Chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the electronic Xetra trading system. The L-DAX Index is an indicator of the German benchmark DAX Index's performance after the Xetra electronic-trading system closes. The L-DAX Index basis is the "floor" trade (Parketthandel) at the Frankfurt stock exchange; it is computed daily between 17:45 and 20:00 Hours CET. The Eurex, a European electronic futures exchange based in Frankfurt, Germany, offers options (ODAX) and Futures (FDAX) on the DAX.
MDAX
The MDAX stock index includes the 50 German Prime Standard shares from classic sectors that rank immediately below the companies included in the DAX index. The company size is based on terms of order book volume and market capitalization. The index is based on prices generated in the electronic trading system Xetra.
SDAX
The SDAX is the selection index for 50 smaller companies in Germany, so-called small caps, that in terms of order book volume and market capitalization rank directly below the MDAX shares. The index is based on prices generated in the electronic trading system Xetra.
TecDAX
The TecDAX stock index tracks the performance of 30 largest German companies from the technology sector. The companies rank in terms of order book turnover and market capitalization rank below those included in the DAX. TecDAX is based on prices generated in Xetra, an electronic trading system. Between 9am and 5.30pm CET the index is calculated on every trading day.
from http://en.wikipedia.org
|
