Wirecard share price exploded by more than 200%, becoming the best-performing companies in the DAX index. The company’s share performance imply that some investors still see some value in the bankrupt company even after it filed for bankruptcy. Still, the performance is a clear example of what penny stocks do because their performance is usually driven by retail traders.
DAX Index
In this section, you will find important DAX index news, actionable trading ideas, and a live DAX 30 chart to help you understand the markets better.
The DAX 30 Index (Deutscher Aktienindex) is a blue-chip stock market index consisting of the thirty biggest companies in Germany in terms of market cap, traded on the Frankfurt Stock Exchange. The base date for the DAX 30 is December 30, 1987, and from a base value of 1,000. The DAX price index followed the Börsen-Zeitung index, which historically extends back to 1959.
Some of the German companies listed in the DAX 30 are Adidas (ADS), Bayer (BAYN), BASF (BAS), Daimler (DAI), Siemens (SIE), Allianz (ALV) and Henkel (HEN). The DAX 30 is used worldwide as a leading index for the German economy and serves as the basis for more than 150,000 financial products. The selection of companies in the DAX index is based on the quantitative criteria of order book volume and free float market capitalization.
The reporting date for collecting data is the last trading day of the month for which the ranking list is created. The ranking list is created and published monthly by Deutsche Börse AG. The index composition of DAX is reviewed every September based on the Regular Exit and Regular Entry rules.
The DAX index turned cautiously higher as investors pinned their hopes on a coronavirus drug as cases rise globally. The index is trading at 12,144 euros as traders continue to anticipate that a new drug will help stem the coronavirus pandemic. Most companies in the DAX index are in the green, with only a handful in the red. Elsewhere in Europe, the FTSE 100 and CAC 40 are unchanged while Stoxx 50 is up by just 0.15%.
Dax index extends gains after yesterday managed to break above the 200-day moving average taking their cue from a late...
The DAX index dropped by more than 3% yesterday and is accelerating its decline today as investors reflect on the...
The DAX index is up by more than 1% as investors remain optimistic about the recovery of the global economy. The index is reacting to the upbeat German manufacturing and services PMI data, which signal that the German economy is recovering. The blue-chip index is trading at €12,421, with most companies being in the green.
The DAX index posts a slight loss on the Wirecard scandal, but the German Manufacturing and Services PMI data could have a greater impact. Read the preview to find out more. This requires that you sign up.
Arrest of former CEO and COO looms as Wirecard share price on the DAX index continues to drop.
The DAX index is down by more than 0.70% as concerns about a second wave outbreak in Germany increases. Investors are also focusing on Wirecard, the troubled payment company. Its shares dropped by more than 45% today. The DAX is trading at €12,262 while Wirecard share price has fallen to €14.30.
The DAX index is up by 0.57% today as investors await a key meeting by European Union leaders. Other European bourses are also up, with the FTSE 100, CAC 40, and Stoxx 40 up by 0.40%, 0.87%, and 0.72% respectively.
The German DAX index looks set for a lower close this Thursday, as part of a generally uninspiring trading session...