Germany 30 index definition
Germany 30 index
The Germany 30 index is FOREX.com’s name for its market based on the DAX 30, a German stock market index of the thirty biggest companies measured by market capitalization trading on the Frankfurt Stock Exchange. Prices get taken from the Xetra trading venue.
Germany 30 stocks
Many famous brands and companies are quoted on the Germany 30. The majority listed are based and were founded in Germany. Adidas, BMW, Bayer, Daimler, Deutsche Bank, Merk, SAP, and Siemens to name a few.
Historically, the Germany 30 has been a stable index; sixteen of the original companies have remained in the index since its 1988 debut.
To be included in the DAX 30, a firm must be listed on the Frankfurt Stock Exchange. A minimum of 10% of the company’s shares must be held by the public, while the firm must comply with a series of other trading rules.
A company will fall out of the DAX if it drops out of the top 45 public German companies by market cap or becomes insolvent. A company gets admission to the DAX if it rises into the top 25 public German companies. The Board of the German Stock Exchange (Deutsche Börse) meets every quarter to decide which companies remain in the DAX.