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

The MDAX is a stock index which lists German companies. The index is calculated by Deutsche Börse.

It includes the 60 Prime Standard shares from sectors excluding technology 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.


The following 60 companies make up the index as of the quarterly review effective on 24 September 2018.1

Constituent Ticker Sector
1&1 Drillisch DRI Telecommunication
Aareal Bank AG ARL Banking
Airbus SE (former EADS) AIR Aerospace manufacturer and Defense
Alstria office REIT-AG AOX Real Estate
Aroundtown SA AT1 Commercial real estate
Aurubis AG NDA Commodities (Copper)
Axel Springer SE SPR Media
Bechtle AG BC8 IT Services
Brenntag AG BNR Trading (Chemicals)
Commerzbank AG CBK Banking
CTS Eventim EVD Trading
Delivery Hero SE DHER Online food ordering
Deutsche EuroShop AG DEQ Shopping Centers
Deutsche Pfandbriefbank AG PBB Banking
Deutsche Wohnen AG DWNI Real Estate
Dürr AG DUE Automotive
Evonik Industries EVK Chemicals
Evotec EVT Biotechnology
Fielmann FIE Trading (Ophthalmic optics)
Fraport FRA Airports
Freenet AG FNTN Telecommunications
Fuchs Petrolub SE FPE Chemicals
GEA Group G1A Machine building
Gerresheimer GXI Packaging of medicaments
Grand City Properties GYC Real estate
Hannover Rück SE HNR1 Insurance
Hella KGaA Hueck & Co. HLE Automotive
Hochtief HOT Construction
Hugo Boss BOSS Textiles
Innogy SE IGY Energy
K+S AG SDF Mining
KION Group KGX Utility vehicles
Lanxess AG LXS Chemicals
LEG Immobilien LEG Real Estate
Metro AG B4B Wholesale and Retail
MorphoSys MOR Biotechnology
MTU MTX Aircraft engine manufacturer
Nemetschek NEM Architecture, Engineering, Construction, Multimedia
Norma Group NOEJ Joining techniques
Osram OSR Lighting technology
ProSiebenSat.1 Media PSM Media
Puma SE PUM Clothing
Qiagen QIA Biotechnology
Rheinmetall RHM Automotive and Defense
Rocket Internet RKET Online retailing, Venture capital
RTL Group RRTL Media
Salzgitter AG SZG Steel
Sartorius AG SRT Pharmaceuticals and Laboratory Equipment
Schaeffler Technologies AG & Co. KG SHA Mechanical engineering
Scout24 AG G24 Digital marketplaces
Siemens Healthineers SHL Healthcare
Siltronic WAF Silicon Wafers
Software AG SZU Food processing and sugar
Symrise SY1 Producer of flavours and fragrances
TAG TEG Real Estate
Telefónica Germany O2D Telecommunication
Uniper SE UN01 Energy
United Internet UTDI Telecommunications
Wacker Chemie WCH Chemicals
Zalando SE ZAL E-commerce

^Note 1 : Source: de:MDAX.

See also[edit]


  1. ^ "Deutsche Börse decides rule changes for MDAX, SDAX and TecDAX indices". Deutsche Börse. 18 May 2018.
  2. ^ "MDAX Weighting 30.12.2008". Deutsche Börse. 30 December 2008. Retrieved 2009-03-21.[dead link]

External links[edit]