The MDAX is a stock index which lists German companies trading on the Frankfurt Stock Exchange. The index is calculated by Deutsche Börse.

MDAX
Foundation19 January 1996
OperatorSTOXX (Qontigo, Deutsche Börse)
ExchangesFrankfurt Stock Exchange
Constituents50[1]
TypeMid-cap, non-technology sectors
Market cap42.9 billion (end 2008)[2]
Weighting methodCapitalization-weighted
Related indicesDAX, TecDAX, SDAX

It includes the 50 Prime Standard shares that rank in size immediately below the companies included in the DAX index. The company size is calculated based on a combination of order book volume and market capitalization. The index is based on prices generated in the electronic trading system Xetra.

In 2021, in response to the Wirecard scandal, the number of constituents in the DAX was increased from 30 to 40, while the number of constituents in the MDAX was reduced from 60 to 50.[3]

Companies

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The following 50 companies make up the index as of the quarterly review effective on January 15, 2023.[4][5]

Logo Name Industry Index weighting Number of
Shares[6]
Free-float-

in Mio. €
Location Symbol
  Aixtron SE Semiconductor industry 2,98 0113.402.370 4.325,62 Herzogenrath AIXA
  Aroundtown S.A. Real estate 1.49 1,536,397,797 2,061.72 Luxemburg AT1
  Aurubis AG Metals 1,59 0044.956.723 2.307,09 Hamburg NDA
  Bechtle AG IT services 2,57 0126.000.000 3.741,68 Neckarsulm BC8
  Befesa S.A. Waste management 1.11 1,530.47 Ratingen BFSA
  Bilfinger SE Mannheim GBF
  Carl Zeiss Meditec AG Medical technology 2,45 0089.440.570 3.555,14 Jena AFX
  CTS Eventim AG & Co. KGaA Leisure-events 2,56 0096.000.000 3.713,64 München EVD
  Delivery Hero Delivery service 4,23 0269.536.421 6.136,97 Berlin DHER
  Deutsche Lufthansa AG Airlines 5,69 1.195.485.644 8.267,54 Köln LHA
  Encavis AG Renewable energy 1,23 0161.030.176 1.787,32 Hamburg ECV
  Evonik Industries AG Chemistry 2,54 0466.000.000 3.695,85 Essen EVK
  Evotec SE Biotechnology 2,09 0177.185.736 3.044,43 Hamburg EVT
  Fraport AG Airport operator 1,41 0092.468.704 2.056,62 Frankfurt am Main FRA
  Freenet AG Telecommunications 2,07 0118.900.598 3.005,81 Büdelsdorf FNTN
Fresenius Medical Care AG Medical technology 5,26 0293.413.449 7.630,52 Hof (Saale) FRE
Fuchs Petrolub SE Chemistry 1,84 0069.500.000 2.671,54 Mannheim FPE3
  GEA Group AG Machinery 3,51 0180.492.172 5.098,68 Düsseldorf G1A
  Gerresheimer AG Packaging 1,99 0034.540.000 2.900,31 Düsseldorf GXI
  HELLA GmbH & Co. KGaA Automotive 1,17 0111.111.112 1.697,81 Lippstadt HLE
HelloFresh SE Meal kit 1,67 0172.734.665 2.427,88 Berlin HFG
  Hensoldt AG 0,85 0105.000.000 1.246,59 Taufkirchen (bei München) HAG
Hochtief AG Construction 1,53 0077.711.300 2.224,49 Essen HOT
  Hugo Boss AG Clothing, Accessories 2,75 0070.400.000 3.997,45 Metzingen BOSS
  Jenoptik AG 0,98 0057.238.115 1.427,39 Jena JEN
  Jungheinrich AG Intralogistics, Mechanical engineering 1,10 0048.000.000 1.603,20 Hamburg JUN3
  K S AG Mining (fertilizer and salt) 1,79 0191.400.000 2.599,89 Kassel SDF
  Kion Group AG Handling equipment 1,87 0131.198.647 2.714,83 Frankfurt am Main KGX
Knorr-Bremse AG Manufacturing 2,63 0161.200.000 3.825,02 München KBX
  Krones Neutraubling KRN
  Lanxess AG Chemistry 1,59 0086.346.303 2.316,05 Köln LXS
  LEG Immobilien AG Real estate 3,96 0074.109.276 5.755,33 Düsseldorf LEG
  Nemetschek SE Software 3,08 0115.500.000 4.481,19 München NEM
  Nordex SE 0,87 0236.450.364 1.265,21 Hamburg NDX1
PUMA SE Sports equipment 3,67 0150.824.640 5.325,69 Herzogenaurach PUM
  Rational AG Manufacturing 2.03 011,370,000 2,814.89 Landsberg am Lech RAA
  Redcare Pharmacy N.V. Pharmacy 1,53 0020.203.286 2.223,39 Venlo (Niederlande) RDC
  RTL Group SA Media 0,86 0154.742.806 1.247,97 Luxemburg (Luxemburg) RRTL
  Scout24 AG Online-market 3,15 0075.000.000 4.570,77 München G24
  Siltronic AG Semiconductor industry München WAF
  STABILUS SE Automotive 1.11 1,535.11 Koblenz STM
  Ströer SE & Co. KGaA Media 1,15 0056.691.571 1.669,59 Köln SAX
  TAG Immobilien AG Real estate 1,55 0175.489.025 2.262,05 Hamburg TEG
  Talanx AG Real Estate 2,45 0253.350.943 3.556,99 Hannover TLX
  TeamViewer AG Software 1,26 0180.000.000 1.829,63 Göppingen TMV
  Thyssenkrupp AG Conglomerate 2,13 0622.531.741 3.102,07 Essen and Duisburg TKA
  Traton SE München 8TRA
  TUI AG Tourism Berlin, Hannover TUI1
  United Internet AG Telecommunications 1,07 0192.000.000 1.553,43 Montabaur UTDI
  Wacker Chemie AG Chemistry 1,36 0052.152.600 1.983,73 München WCH

^Note 1 : Source: de:MDAX.

See also

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References

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  1. ^ "Deutsche Börse decides rule changes for MDAX, SDAX and TecDAX indices". Deutsche Börse. 3 September 2021. Archived from the original on 8 November 2022. Retrieved 8 November 2022.
  2. ^ "MDAX Weighting 30.12.2008". Deutsche Börse. 30 December 2008. Retrieved 2009-03-21. [dead link]
  3. ^ Tom Sims and Hakan Ersen (September 4, 2021), Porsche, Puma to join Germany's DAX as index expands Reuters.
  4. ^ "Frankfurt MDAX-Indikation". boerse-frankfurt.de. Retrieved 2023-01-15.
  5. ^ "MDAX" (xls). dax-indices.com. 2023-01-11. Retrieved 2023-01-15.
  6. ^ out of date
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