UK Accounting Glossary
DAX 100 is the abbreviation for Deutscher Aktienindex 100, a German price-weighted index of that country’s top 100 stocks. The DAX 100 includes names such as Bayer, Commerzbank, BMW, and Schering. The Dax 100 is part of the German Stock Exchange Index family. The German Stock Exchange publishes a DAX 100 price index (HKDX). The DAX 100 represents a broad, real-time market index that combines highly liquid, big-cap shares with wide diversification. The DAX 100 has a base date of December 30, 1987, and the base is 500. The term DAX usually refers to the DAX 30, a blue-chip index that comprises 30 German blue chips that represent about 80% of the stock market. Together with the M-DAX of 70 midcap stocks, the DAX 100 is formed.
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This glossary post was last updated: 7th February 2020.