View source for MDAX

{{Short description|German stock market index}}
{{Infobox Index
|name         = MDAX
|logo         = [[Image:Deutsche Börse MDAX logo.svg|220px]]
|foundation   = 19 January 1996
|operator     = [[STOXX]] ([[Qontigo]], {{lang|de|[[Deutsche Börse]]|italic=no}})
|exchanges    = [[Frankfurt Stock Exchange]]
|constituents = 50<ref>{{cite web |url=http://deutsche-boerse.com/dbg-en/media-relations/press-releases/Deutsche-Boerse-decides-rule-changes-for-MDAX--SDAX-and-TecDAX--indices/3405648 |title=Deutsche Börse decides rule changes for MDAX, SDAX and TecDAX indices |publisher=Deutsche Börse |date=3 September 2021 |access-date=8 November 2022 |archive-url=https://web.archive.org/web/20221108045840/https://deutsche-boerse.com/dbg-en/media/press-releases/DAX-welcomes-ten-new-members--2766886 |archive-date=8 November 2022 |url-status=dead }}</ref>
|cap_level    = Mid-cap, non-technology sectors
|mcap         = [[Euro|€]]42.9 billion <small>(end 2008)</small><ref>{{cite web|url=http://deutsche-boerse.com/INTERNET/IP/ip_stats.nsf/(KIR+Kennzahlen+MDAX+E)/686C772B4DBFBD4AC125752F00626E72/$FILE/MDAX_Weighting_File.20081230.xls?OpenElement|title=MDAX Weighting 30.12.2008|date=30 December 2008|publisher=[[Deutsche Börse]]|accessdate=2009-03-21}} {{Dead link|date=October 2010|bot=H3llBot}}</ref>
|weighting    = [[Capitalization-weighted index|Capitalization-weighted]]
|related      = [[DAX]], [[TecDAX]], [[SDAX]]
}}
The '''MDAX''' is a stock index which lists German companies trading on the [[Frankfurt Stock Exchange]]. The index is calculated by {{lang|de|[[Deutsche Börse]]|italic=no}}.

It includes the 50 [[Prime Standard]] shares that rank in size immediately below the companies included in the [[DAX]] index. The company size is calculated based on a combination of [[order book]] volume and [[market capitalization]]. The index is based on prices generated in the electronic trading system [[Xetra (trading system)|Xetra]].

In 2021, in response to the [[Wirecard scandal]], the number of constituents in the [[DAX]] was increased from 30 to 40, while the number of constituents in the MDAX was reduced from 60 to 50.<ref>Tom Sims and Hakan Ersen (September 4, 2021), [https://www.reuters.com/business/porsche-puma-join-germanys-dax-index-expands-2021-09-03/ Porsche, Puma to join Germany's DAX as index expands] ''[[Reuters]]''.</ref>

==Companies==
{{Update section|date=March 2022|inaccurate=yes}}
The following 50 companies make up the index as of the quarterly review effective on January 15, 2023.<ref>{{cite web|url=https://www.boerse-frankfurt.de/index/frankfurt-mdax-indikation/zugehoerige-werte |title=Frankfurt MDAX-Indikation |work=boerse-frankfurt.de |access-date=2023-01-15}}</ref><ref>{{cite web |url=https://www.dax-indices.com/documents/dax-indices/Documents/Resources/WeightingFiles/Composition/2023/January/MDAX_ICR.20230111.xls |title=MDAX |work=dax-indices.com |date=2023-01-11 |format=xls |access-date=2023-01-15}}</ref>

{| class="wikitable sortable zebra" style="width:100%;"id="constituents"
!|Logo
!|Name
!|Industry
!|Index weighting
!|Number of<br />Shares<ref>out of date</ref>
!|Free-float-<br />  <br /><small>in Mio. €</small>
!|Location
!Symbol
|-
| align=center | [[File:Aixtron Logo.svg|120x40px]]
| [[Aixtron|Aixtron SE]]
| Semiconductor industry
| style="text-align:center" |2,98
| {{0}}113.402.370
| 4.325,62
| [[Herzogenrath]]
|AIXA
|-
| align=center | [[File:Aroundtown SA logo.svg|120x40px]]
| [[Aroundtown SA|Aroundtown S.A.]]
| Real estate
| style="text-align:center" |1.49
| 1,536,397,797
| 2,061.72
| [[Luxemburg]]
|AT1
|-
| align=center | [[File:Aurubis-Logo.svg|120x40px]]
| [[Aurubis|Aurubis AG]]
| Metals
| style="text-align:center" |1,59
| {{0|00}}44.956.723
| 2.307,09
| [[Hamburg]]
|NDA
|-
| align=center | [[File:Logo Bechtle.svg|120x40px]]
| [[Bechtle AG]]
| IT services
| style="text-align:center" |2,57
| {{0}}126.000.000
| 3.741,68
| [[Neckarsulm]]
|BC8
|-
| align="center" | [[File:Befesa-Logo.svg|100x40px]]
| [[Befesa|Befesa S.A.]]
| Waste management
| style="text-align:center" |1.11
| 
| 1,530.47
| [[Ratingen]]
|BFSA
|-
| align="center" | [[File:Bilfinger 2012.jpg|100x40px]]
| [[Bilfinger SE]]
| 
| style="text-align:center" |
|
|
| [[Mannheim]]
| GBF
|-
| align=center | [[File:Zeiss logo.svg|120x40px]]
| [[Carl Zeiss Meditec|Carl Zeiss Meditec AG]]
| Medical technology
| style="text-align:center" |2,45
| {{0|00}}89.440.570
| 3.555,14
| [[Jena]]
|AFX
|-
| align=center | [[File:Eventim 4c pos.svg|120x40px]]
| [[CTS Eventim|CTS Eventim AG & Co. KGaA]]
|  Leisure-events
| style="text-align:center" |2,56
| {{0|00}}96.000.000
| 3.713,64
| [[München]]
|EVD
|-
| align=center | [[File:Delivery Hero logo.svg|120x40px]]
| [[Delivery Hero]]
| Delivery service
| style="text-align:center" |4,23
| {{0}}269.536.421
| 6.136,97
| [[Berlin]]
|DHER
|-
| align=center | [[File:Lufthansa Logo 2018.svg|120x40px]]
| [[Lufthansa Group|Deutsche Lufthansa AG]]
| Airlines
| style="text-align:center" |5,69
| 1.195.485.644
| 8.267,54
| [[Köln]]
|LHA
|-
| align=center | [[File:Encavis logo.svg|120x40px]]
| [[Encavis|Encavis AG]]
| Renewable energy
| style="text-align:center" |1,23
| {{0}}161.030.176
| 1.787,32
| [[Hamburg]]
|ECV
|-
| align=center | [[File:Evonik.svg|120x40px]]
| [[Evonik Industries|Evonik Industries AG]]
| Chemistry
| style="text-align:center" |2,54
| {{0}}466.000.000
| 3.695,85
| [[Essen]]
|EVK
|-
| align=center | [[File:Evotec.svg|120x40px]]
| [[Evotec|Evotec SE]]
| Biotechnology
| style="text-align:center" |2,09
| {{0}}177.185.736
| 3.044,43
| [[Hamburg]]
|EVT
|-
| align=center | [[File:Fraport logo 2016.svg|120x40px]]
| [[Fraport|Fraport AG]]
| Airport operator
| style="text-align:center" |1,41
| {{0|00}}92.468.704
| 2.056,62
| [[Frankfurt am Main]]
|FRA
|-
| align=center | [[File:Freenet AG Logo.svg|120x40px]]
| [[Freenet AG]]
| Telecommunications
| style="text-align:center" |2,07
| {{0}}118.900.598
| 3.005,81
| [[Büdelsdorf]]
|FNTN
|-
| align=center |
| [[Fresenius Medical Care|Fresenius Medical Care AG]]
| Medical technology
| style="text-align:center" |5,26
| {{0}}293.413.449
| 7.630,52
| [[Hof (Saale)]]
|FRE
|-
| align=center | 
| [[Fuchs Petrolub|Fuchs Petrolub SE]]
| Chemistry
| style="text-align:center" |1,84
| {{0|00}}69.500.000
| 2.671,54
| [[Mannheim]]
|FPE3
|-
| align=center | [[File:GEA Logo 2022.svg|120x40px]]
| [[GEA Group|GEA Group AG]]
| Machinery
| style="text-align:center" |3,51
| {{0}}180.492.172
| 5.098,68
| [[Düsseldorf]]
|G1A
|-
| align=center | [[File:Gerresheimer logo.svg|120x40px]]
| [[Gerresheimer|Gerresheimer AG]]
| Packaging
| style="text-align:center" |1,99
| {{0|00}}34.540.000
| 2.900,31
| [[Düsseldorf]]
|GXI
|-
| align=center | [[File:Hella logo.svg|120x40px]]
| [[Hella (company)|HELLA GmbH & Co. KGaA]]
| Automotive
| style="text-align:center" |1,17
| {{0}}111.111.112
| 1.697,81
| [[Lippstadt]]
|HLE
|-
| align=center |
| [[HelloFresh|HelloFresh SE]]
| Meal kit
| style="text-align:center" |1,67
| {{0}}172.734.665
| 2.427,88
| [[Berlin]]
|HFG
|-
| align=center | [[File:Hensoldt Logo 2020.svg|100x40px]]
| [[Hensoldt|Hensoldt AG]]
| Defence 
| style="text-align:center" |0,85
| {{0}}105.000.000
| 1.246,59
| [[Taufkirchen (bei München)]]
|HAG
|-
| align=center |
| [[Hochtief|Hochtief AG]]
| Construction
| style="text-align:center" |1,53
| {{0|00}}77.711.300
| 2.224,49
| [[Essen]]
|HOT
|-
| align=center | [[File:Hugo Boss logo 2021.svg|120x40px]]
| [[Hugo Boss|Hugo Boss AG]]
| Clothing, Accessories
| style="text-align:center" |2,75
| {{0|00}}70.400.000
| 3.997,45
| [[Metzingen]]
|BOSS
|-
| align=center | [[File:Jenoptik-Logo (Blue).svg|100x40px]]
| [[Jenoptik|Jenoptik AG]]
|
| style="text-align:center" |0,98
| {{0|00}}57.238.115
| 1.427,39
| [[Jena]]
|JEN
|-
| align=center | [[File:Jungheinrich-Logo.svg|120x40px]]
| [[Jungheinrich|Jungheinrich AG]]
| Intralogistics, Mechanical engineering
| style="text-align:center" |1,10
| {{0|00}}48.000.000
| 1.603,20
| [[Hamburg]]
|JUN3
|-
| align=center | [[File:Kpluss-logo.svg|120x40px]]
| [[K+S|K+S AG]]
| Mining (fertilizer and salt)
| style="text-align:center" |1,79
| {{0}}191.400.000
| 2.599,89
| [[Kassel]]
|SDF
|-
| align=center | [[File:Kion Group logo.svg|120x40px]]
| [[KION Group|Kion Group AG]]
| Handling equipment
| style="text-align:center" |1,87
| {{0}}131.198.647
| 2.714,83
| [[Frankfurt am Main]]
|KGX
|-
| align=center | 
| [[Knorr-Bremse|Knorr-Bremse AG]]
| Manufacturing
| style="text-align:center" |2,63
| {{0}}161.200.000
| 3.825,02
| [[München]]
|KBX
|-
| align="center" | [[File:Krones Logo.svg|100x40px]]
| [[Krones]]
| 
| style="text-align:center" |
|
|
| [[Neutraubling]]
|KRN
|-
| align=center | [[File:LanXess-Logo.svg|120x40px]]
| [[Lanxess AG]]
| Chemistry
| style="text-align:center" |1,59
| {{0|00}}86.346.303
| 2.316,05
| [[Köln]]
|LXS
|-
| align=center | [[File:LEG NRW logo.svg|120x40px]]
| [[LEG Immobilien|LEG Immobilien AG]]
| Real estate
| style="text-align:center" |3,96
| {{0|00}}74.109.276
| 5.755,33
| [[Düsseldorf]]
|LEG
|-
| align=center | [[File:Nemetschek AG Logo.svg|120x40px]]
| [[Nemetschek|Nemetschek SE]]
| Software
| style="text-align:center" |3,08
| {{0}}115.500.000
| 4.481,19
| [[München]]
|NEM
|-
| align=center | [[File:Nordex Group Logo.svg|100x40px]]
| [[Nordex SE]]
| 
| style="text-align:center" |0,87
| {{0}}236.450.364
| 1.265,21
| [[Hamburg]]
|NDX1
|-
| align=center |
| [[Puma (brand)|PUMA SE]]
| Sports equipment
| style="text-align:center" |3,67
| {{0}}150.824.640
| 5.325,69
| [[Herzogenaurach]] 
|PUM
|-
| align=center | [[File:Rational AG 201x logo.svg|120x40px]]
| [[Rational AG]]
| Manufacturing
| style="text-align:center" |2.03
| {{0}}11,370,000
| 2,814.89
| [[Landsberg am Lech]]
|RAA
|-
| align=center | [[File:Redcare Pharmacy Logo 2023.svg|100x40px]]
| [[Shop Apotheke Europe|Redcare Pharmacy N.V.]]
| Pharmacy
| style="text-align:center" |1,53
| {{0|00}}20.203.286
| 2.223,39
| [[Venlo]] ([[Niederlande]])
|RDC
|-
| align=center | [[File:RTL Group 2021.svg|120x40px]]
| [[RTL Group|RTL Group SA]]
| Media
| style="text-align:center" |0,86
| {{0}}154.742.806
| 1.247,97
| [[Luxembourg City|Luxemburg]] ([[Luxemburg]])
|RRTL
|-
| align=center | [[File:Scout24 Logo 2020.svg|120x40px]]
| [[Scout24|Scout24 AG]]
| Online-market
| style="text-align:center" |3,15
| {{0|00}}75.000.000
| 4.570,77
| [[München]]
|G24
|-
| align=center | [[File:Siltronic Logo.svg|120x40px]]
| [[Siltronic|Siltronic AG]]
| Semiconductor industry
| style="text-align:center" |
|
|
| [[München]]
|WAF
|-
| align=center | [[File:Stabilus.svg|120x40px]]
| [[STABILUS SE]]
| Automotive
| style="text-align:center" |1.11
| 
| 1,535.11
| [[Koblenz]]
|STM
|-
| align=center | [[File:Ströer-Logo.svg|120x40px]]
| [[Ströer|Ströer SE & Co. KGaA]]
| Media
| style="text-align:center" |1,15
| {{0|00}}56.691.571
| 1.669,59
|[[Köln]]
|SAX
|-
| align=center | [[File:TAG Immobilien logo.svg|120x40px]]
| [[TAG Tegernsee Immobilien und Beteiligung|TAG Immobilien AG]]
| Real estate
| style="text-align:center" |1,55
| {{0}}175.489.025
| 2.262,05
| [[Hamburg]]
|TEG
|-
| align=center | [[File:Talanx.svg|120x40px]]
| [[Talanx AG]]
| Real Estate
| style="text-align:center" |2,45
| {{0}}253.350.943
| 3.556,99
|[[Hannover]]
|TLX
|-
| align=center | [[File:TeamViewer logo new.svg|120x40px]]
| [[TeamViewer AG]]
| Software
| style="text-align:center" |1,26
| {{0}}180.000.000
| 1.829,63
| [[Göppingen]]
|TMV
|-
| align=center | [[File:Thyssenkrupp AG Logo 2015.svg|120x40px]]
| [[ThyssenKrupp|Thyssenkrupp AG]]
| Conglomerate
| style="text-align:center" |2,13
| {{0}}622.531.741
| 3.102,07
| [[Essen]] and [[Duisburg]]
|TKA
|-
| align="center" | [[File:Traton Group logo.svg|100x40px]]
| [[Traton|Traton SE]]
| 
| style="text-align:center" |
|
|
| [[München]]
|8TRA
|-
| align="center" | [[File:TUI Logo 2016.svg|100x40px]]
| [[TUI Group|TUI AG]]
| Tourism
| style="text-align:center" |
|
|
| [[Berlin]], [[Hannover]]
|TUI1
|-
| align=center | [[File:UnitedInternet logo.svg|120x40px]]
| [[United Internet AG]]
| Telecommunications
| style="text-align:center" |1,07
| {{0}}192.000.000
| 1.553,43
| [[Montabaur]]
|UTDI
|-
| align=center | [[File:Wacker Chemie.svg|120x40px]]
| [[Wacker Chemie AG]]
| Chemistry
| style="text-align:center" |1,36
| {{0|00}}52.152.600
| 1.983,73
| [[München]]
|WCH
|-
|}

<small>{{note|1|Note 1}}: Source: [[:de:MDAX]].</small>

==See also==
* [[DAX]]
* [[SDAX]]
* [[TecDAX]]
* [[ÖkoDAX]]

==References==
{{reflist}}

==External links==
*[http://deutsche-boerse.com/dbag/dispatch/en/kir/gdb_navigation/home?wp=DE0008467416 MDAX]

[[Category:German stock market indices]]
[[Category:Companies listed on the Frankfurt Stock Exchange| ]]