Market close
Stocks in Denmark closed higher on Monday, with the OMX Copenhagen 20 index advancing 1.59% by the end of trading in Copenhagen.
Top performers
The session's largest gainer on the OMX Copenhagen 20 was Oersted AS (CSE:ORSTED), which climbed 7.03% - a rise of 10.05 points - to finish at 153.00. Vestas Wind Systems A/S (CSE:VWS) also posted a strong performance, adding 4.15% or 7.30 points to close at 183.20. Novozymes AS (CSE:NSISb) rose 2.45%, gaining 9.30 points to settle at 389.50 in late trade.
Lagging names
On the downside, FLSmidth & Co. (CSE:FLS) was the weakest member of the index, falling 1.83%, a drop of 8.80 points, to end the day at 473.20. Other notable movers included Carlsberg A/S B (CSE:CARLb), which inched up 0.18% or 1.40 points to 798.00, and Pandora A/S (CSE:PNDORA), which gained 0.30% or 1.40 points to close at 461.40.
Market breadth
On the Copenhagen Stock Exchange, advancing issues outnumbered decliners by a margin of 76 to 40, while 20 stocks finished unchanged, indicating a broadly positive session for Danish equities.
Commodities and currencies
Commodities traded higher during the session. Crude oil for May delivery rose 2.67% or $2.66 to $102.30 a barrel. Brent oil for June delivery increased 2.04% or $2.15 to $107.47 a barrel. In metals trading, the June Gold Futures contract climbed 0.83% or $37.57 to trade at $4,561.87 a troy ounce.
In foreign exchange, USD/DKK moved up 0.52% to 6.53. EUR/DKK was effectively unchanged, registering a 0.01% move to 7.47. The US Dollar Index Futures was higher, up 0.41% at 100.39.
The session's gains were concentrated in Technology, Oil & Gas and Software & Computer Services sectors, which led the broader market higher. Market participants saw more advancing stocks than decliners, and commodity prices moved higher alongside a firmer US dollar.