What is NEMAX 50?
A discontinued index which represented the 50 largest companies listed on the Neuer Markt segment from 1999 to 2003.
Where have you heard about NEMAX 50?
The rise and fall of the Neuer Markt at the beginning of the 2000s was widely reported in the global financial news.
What you need to know about NEMAX 50.
The Neuer Markt (‘new market’) was a segment of Deutsche Börse (the German stock exchange) set up in 1997. It listed companies in industries including media and information technology, biotechnology and telecommunications.
The NEMAX 50 index was launched on 1 July 1999 and represented the 50 largest companies on the Neuer Markt in terms of market capitalisation and trading volume. It grew rapidly from its base level of 1000 points (1997) to a peak of 9666 points in 2000.
Following the bursting of the dot-com bubble and fraud scandals among some of the listed companies, the NEMAX plummeted, losing more than 96 percent of its value in 31 months. Deutsche Börse announced the closure of the Neuer Markt in 2002. The NEMAX 50 continued to be calculated (with some slight variations) until the end of 2004 when it was replaced by the TecDAX.
Find out more about NEMAX 50.
The rise and fall of the NEMAX 50 index was linked to the dot-com bubble. Learn more about this in our definition.