Stocks in Denmark closed lower on Thursday, with the OMX Copenhagen 20 slipping 1.30% at the end of trading in Copenhagen. Selling pressure was concentrated in the Technology, Software & Computer Services and Healthcare sectors, which contributed to the overall decline.
Market breadth reflected the negative tone: 87 issues fell, 37 rose and 13 finished unchanged on the Copenhagen Stock Exchange.
Leading movers
- Pandora A/S (CSE:PNDORA) was the session's top performer on the OMX Copenhagen 20, gaining 2.23% or 14.20 points to close at 651.60.
- Rockwool AS B (CSE:ROCKb) advanced 2.23% or 5.00 points to finish at 220.00.
- Novozymes AS (CSE:NSISb) added 1.09% or 4.20 points, closing the session at 388.10.
Biggest declines
- Oersted AS (CSE:ORSTED) led losses among the index constituents, falling 2.68% or 4.00 points to end at 145.25.
- DSV Panalpina A/S (CSE:DSV) dropped 2.59% or 40.50 points to close at 1,525.00.
- AP Moeller - Maersk A (CSE:MAERSKa) declined 2.46% or 380.00 points to finish at 15,050.00.
Commodities moved lower over the session. Crude oil for July delivery fell 2.89% or 2.22 to $74.57 a barrel. Brent crude for August delivery was down 2.75% or 2.19 at $77.36 a barrel. Precious metals traded lower as well, with the August Gold Futures contract down 2.90% or 126.95 to $4,254.45 a troy ounce.
On the currency front, USD/DKK rose 0.22% to 6.51, while EUR/DKK was effectively unchanged, moving 0.03% to 7.47. The U.S. Dollar Index Futures was up 0.55% at 100.42.
This combination of sector-specific declines and softer commodity prices left the OMX Copenhagen 20 lower by 1.30% at the close, with a larger number of falling stocks than advancing ones across the exchange.