Denmark's leading equity gauge ended the trading day higher on Tuesday, with sector advances in Consumer Goods, Software & Computer Services and Chemicals underpinning the uptick.
At the Copenhagen close, the OMX Copenhagen 20 rose 0.63% to register a new one-month high.
Top movers on the OMXC20
- ISS A/S (CSE:ISS) led gains, advancing 5.19% or 12.40 points to finish at 251.40.
- FLSmidth & Co. (CSE:FLS) added 2.66% or 11.80 points to close at 455.00.
- Zealand Pharma A/S (CSE:ZELA) gained 2.21% or 6.60 points to end the session at 305.50.
Lagging stocks
- Demant A/S (CSE:DEMANT) was the weakest performer on the index, dropping 3.76% or 8.00 points to 204.80 at the close.
- Tryg A/S (CSE:TRYG) declined 0.93% or 1.40 to finish at 149.30.
- Coloplast A/S (CSE:COLOb) slipped 0.78% or 3.20 to close at 404.50.
Market breadth at the Copenhagen Stock Exchange showed falling issues outnumbering advancers by 66 to 55, with 17 names unchanged.
Notably, shares in Tryg A/S (CSE:TRYG) moved to 52-week lows, closing down 0.93% or 1.40 at 149.30.
Commodities and currencies
Energy complex prices were weaker on the session. Crude oil for June delivery declined 4.17% or 4.44 to $101.98 a barrel. Brent oil for July delivery fell 3.26% or 3.73 to $110.71 a barrel. By contrast, the June Gold Futures contract rose 1.25% or 56.76 to trade at $4,590.06 a troy ounce.
On the currency front, USD/DKK was down 0.11% at 6.38, while EUR/DKK was effectively unchanged, moving 0.02% to 7.47. The US Dollar Index Futures was down 0.02% at 98.25.
Session snapshot and context
The session mixed strong individual stock performances with broader weakness in other names. ISS and FLSmidth posted notable gains, contributing to the index's move to a one-month high, while Demant, Tryg and Coloplast weighed on the overall market. Commodity moves were pronounced: crude and Brent both fell by multiple percentage points, while gold futures strengthened.
This trading day left the OMX Copenhagen 20 higher, but the greater number of declining stocks highlights a degree of dispersion beneath the headline index rise.