Foundation 19 January 1996
Operator Deutsche Börse
Exchanges Frankfurt Stock Exchange
Constituents 50
Type Mid-cap, non-technology sectors
Market cap 42.9 billion (end 2008)[1]
Weighting method Capitalization-weighted
Related indices DAX, TecDAX, SDAX

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

It includes the 50 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 50 companies make up the index as of the quarterly review effective on 4 December 2014.[2]

Constituent Ticker Sector
Aareal Bank AG ARL Banking
Airbus Group SE (former EADS) AIR Aerospace manufacturer and Defense
Aurubis AG NDA Commodities (Copper)
Axel Springer SE SPR Media
Bilfinger SE GBF Construction
Brenntag AG BNR Trading (Chemicals)
Celesio AG CLS1 Trading (Pharma)
CTS Eventim EVD Trading
Deutsche Annington ANN Real Estate
Deutsche EuroShop AG DEQ Shopping Centers
Deutsche Wohnen AG DWNI Real Estate
DMG Mori Seiki AG
(former Gildemeister)
GIL Manufacturing
Dürr AG DUE Automotive
ElringKlinger ZIL2 Automotive
Evonik Industries EVK Chemicals
Fielmann FIE Trading (Ophthalmic optics)
Fraport FRA Airports
Fuchs Petrolub SE FPE Chemicals
GAGFAH GFJ Real Estate
GEA Group G1A Machine building
Gerresheimer GXI Packaging of medicaments
Hannover Rück SE HNR1 Insurance
Hochtief HOT Construction
Hugo Boss BOSS Textiles
Jungheinrich JUN3 Machine building
Kabel Deutschland KD8 Cable network operator
KION Group KGX Utility vehicles
Klöckner KCO Trading (Metals)
Krones KRN Machine building
KUKA KU2 Machine building
LEG Immobilien LEG Real Estate
Leoni LEO Automotive
MAN SE MAN Mechanical engineering
Metro AG MEO Wholesale and Retail
MTU MTX Aircraft engine manufacturer
Norma Group NOEJ Joining techniques
Osram OSR Lighting technology
ProSiebenSat.1 Media SE PSM Media
Rheinmetall RHM Automotive and Defense
Rhön-Klinikum RHK Private hospitals and health centers
RTL Group RRTL Media
Salzgitter AG SZG Steel
Stada Arzneimittel SAZ Pharmaceuticals
Südzucker SZU Food processing and sugar
Symrise SY1 Producer of flavours and fragrances
TAG TEG Real Estate
Talanx AG TLX Insurance
Wacker Chemie WCH Chemicals
Wincor Nixdorf WIN Information technology

See also


  1. "MDAX Weighting 30.12.2008". Deutsche Börse. 30 December 2008. Retrieved 2009-03-21.
  2. "Unscheduled component changes in MDAX and SDAX". Deutsche Börse. 1 December 2014. Retrieved 3 December 2014.
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