Stocks in Denmark closed higher on Wednesday, with the OMX Copenhagen 20 ending the trading day up 0.92%. Strength in the Software & Computer Services, Consumer Goods and Chemicals sectors helped lift the market.
Among large-cap components, Zealand Pharma A/S (CSE:ZELA) was the top performer on the index, rising 5.44% - an increase of 16.30 points - to finish at 315.80. FLSmidth & Co. (CSE:FLS) added 4.67%, or 23.10 points, closing at 517.50. Demant A/S (CSE:DEMANT) also posted a strong advance, up 4.65% or 10.60 points to end the day at 238.80.
Not all names moved higher. Rockwool AS B (CSE:ROCKb) led declines among the index constituents, slipping 1.21% or 2.00 points to 188.00 at the close. Tryg A/S (CSE:TRYG) retreated 0.57%, down 0.90 points to 156.00, while Oersted AS (CSE:ORSTED) fell 0.21% or 0.35 points to close at 163.75.
Market breadth on the Copenhagen exchange favored advances, with 69 stocks rising, 51 declining and 17 finishing unchanged.
Commodities and currencies
Commodity prices moved lower during the session. Crude oil for July delivery dropped 4.47% - down $4.67 - to $99.71 per barrel. Brent oil for July delivery fell 5.25% or $5.88 to $106.22 a barrel. June Gold Futures declined 0.55%, or $25.16, trading at $4,532.84 a troy ounce.
In foreign exchange trading, USD/DKK was down 0.17% to 6.43, while EUR/DKK was essentially flat, changing by 0.02% to 7.47. The US Dollar Index Futures were quoted down 0.09% at 99.02.
What moved the market
The session's advance in the OMX Copenhagen 20 was driven by a handful of sizable gains among major constituents, particularly in Software & Computer Services, Consumer Goods and Chemicals. Those sector moves coincided with softer commodity prices and a slight easing of the dollar against the krone.
Market snapshot
- OMX Copenhagen 20: +0.92%
- Top gainers: ZELA (+5.44%), FLS (+4.67%), DEMANT (+4.65%)
- Top decliners: ROCKb (-1.21%), TRYG (-0.57%), ORSTED (-0.21%)
- Advance/decline: 69/51, unchanged: 17
Note: All percentage and point moves reflect the close in Copenhagen on the day reported. Commodity and currency moves reflect the values and percentage changes provided for the same session.