Denmark's equity market closed lower on Thursday, with the main index pressured by declines across several key sectors. At the close in Copenhagen, the OMX Copenhagen 20 slid 3.91% to register a fresh one-month low.
Sector-level weakness was led by the Oil & Gas, Healthcare and Technology groups, which contributed to the session's downtrend. On the exchange, decliners outnumbered advancers by a wide margin: 88 stocks fell while 34 gained and 18 finished unchanged.
Among the day's strongest performers on the OMX Copenhagen 20 was Pandora A/S (CSE:PNDORA), which advanced 5.58% - up 28.60 points - to close at 541.20. FLSmidth & Co. (CSE:FLS) also traded higher, adding 3.07% or 17.00 points to finish at 571.00, and Carlsberg A/S B (CSE:CARLb) rose 1.78% - a gain of 16.40 points - to end the session at 939.00.
On the downside, Vestas Wind Systems A/S (CSE:VWS) posted the steepest drop on the benchmark, falling 8.67% or 16.80 points to close at 176.40. Novo Nordisk A/S Class B (CSE:NOVOb) slipped 7.88% - down 24.00 points - to 280.70, while Zealand Pharma A/S (CSE:ZELA) declined 7.18% or 30.90 points to finish at 399.40.
The session included a pair of notable milestone moves. Shares of FLSmidth & Co. rose to five-year highs, gaining 3.07% to reach 571.00. Conversely, Novo Nordisk Class B shares fell to three-year lows, losing 7.88% to end the day at 280.70.
Commodity markets were softer alongside the equity weakness. Crude oil for March delivery fell 2.98%, a decline of 1.94, to settle at $63.20 a barrel. Brent crude for April delivery dropped 2.91% or 2.02 to $67.44 a barrel. Precious metals weakened as well, with the April Gold Futures contract down 1.58% - a move of 78.06 - to trade at $4,872.74 a troy ounce.
Currency indicators showed modest movement. The Danish krone traded with USD/DKK up 0.13% at 6.33, while EUR/DKK was effectively unchanged, moving 0.01% to 7.47. The US Dollar Index Futures was higher, up 0.23% at 97.71.
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The market's breadth, milestone moves in individual stocks and concurrent weakness in oil, Brent and gold reflect the cross-asset dynamics that influenced Copenhagen trade on the day. Investors will likely watch further commodity and currency moves for signs of follow-through in Danish equities.