MDAX (Mid Cap)
What is the MDAX?
The MDAX, also known as the DAX Midcap, is a stock index which includes companies based in Germany. This stock index is managed by Deutsche Börse AG, a multi-national company originally based in Frankfurt that provides transaction services, and organises the trading of securities and shares.
Where have you heard about the MDAX?
If you’re familiar with the German stock market, or German industry in general, you may have come across the MDAX – or, at least, it’s ‘big brother’, the DAX index. The MDAX features companies from industries including banking, real estate, automotives, construction and energy.
What you need to know about the MDAX.
The MDAX includes 50 Prime Standard shares from a variety of sectors excluding technology. All of the companies featured rank immediately below the companies on the DAX index, which lists the 30 top companies trading on the Frankfurt Stock Exchange. The MDAX bases its listings on the prices that are generated in Xetra, an electronic trading system, and determines each company’s size based on its market capitalization and order book volume. Some of the companies that are currently included in the stock index (as of 2017) are Innogy SE, Steinhoff International Holdings, Axel Springer SE and Bilfinger SE.
Find out more about the MDAX.
To better understand the MDAX, it’s useful to also read about the DAX index.