Summary
The Copenhagen market closed in positive territory on Wednesday, with the benchmark OMX Copenhagen 20 up 1.92%. Strength in Personal & Household Goods, Software & Computer Services and Chemicals helped push the index higher, while a handful of heavyweight stocks ended the day lower.
Market close
At the close in Copenhagen the OMX Copenhagen 20 rose 1.92%.
Top performers
The leading stocks on the OMX Copenhagen 20 were Pandora A/S (CSE:PNDORA), which climbed 6.04% or 27.40 points to finish at 481.10. FLSmidth & Co. (CSE:FLS) added 4.41% or 21.30 points to close at 504.50, and NKT Holding (CSE:NKT) gained 4.21% or 35.00 points to end the session at 866.50.
Lagging stocks
Among the weakest were Vestas Wind Systems A/S (CSE:VWS), down 1.95% or 3.70 points to 186.50 at the close. Tryg A/S (CSE:TRYG) slipped 0.58% or 0.90 points to finish at 153.20, and AP Moeller - Maersk A/S B (CSE:MAERSKb) declined 0.31% or 50.00 points to end at 16,005.00.
Market breadth and record levels
Advancing issues outnumbered decliners on the Copenhagen Stock Exchange by 95 to 27, while 16 stocks finished unchanged. NKT Holding climbed to an all-time high, rising 4.21% or 35.00 points to reach 866.50.
Commodities and currencies
In commodities trading, crude oil for May delivery fell 1.40% or 1.42 to $99.96 a barrel. Brent oil for June delivery dropped 2.02% or 2.10 to $101.87 a barrel. Precious metals saw a sharp move higher as the June Gold Futures contract rose 2.59% or 121.20 to trade at $4,799.80 a troy ounce.
On the FX front, USD/DKK moved lower by 0.43% to 6.44, while EUR/DKK was effectively unchanged, shifting 0.03% to 7.47. The US Dollar Index Futures traded down 0.50% at 99.26.
Context
The session was characterized by broad participation among gainers concentrated in consumer goods, software and chemicals sectors, while select large-cap industrials and insurance names lagged. Commodity prices and currency movements rounded out the trading picture at the close.