Copenhagen equity markets closed higher on Tuesday, with the OMX Copenhagen 20 finishing the session up 0.52% as gains in the Consumer Goods, Healthcare and Industrials sectors supported the rise.
At the close, Novozymes AS (CSE:NSISb) was the session's strongest performer on the OMX Copenhagen 20, climbing 2.20% or 7.70 points to finish at 358.40. FLSmidth & Co. (CSE:FLS) followed, adding 1.30% or 6.20 points to end the day at 484.00. Coloplast A/S (CSE:COLOb) rounded out the top performers, rising 1.19% or 5.00 points to close at 425.70.
On the downside, NKT Holding (CSE:NKT) led declines, slipping 1.60% or 12.50 points to a close of 767.50. Vestas Wind Systems A/S (CSE:VWS) also retreated, down 1.60% or 2.60 points to 156.80, while Carlsberg A/S B (CSE:CARLb) fell 1.03% or 8.20 points to finish at 785.00.
Market breadth on the Copenhagen Stock Exchange was nearly even, with falling stocks narrowly outnumbering advancing ones by 60 to 59 and 14 issues unchanged.
Commodities traded with notable strength during the session. Crude oil for May delivery rose 4.48% or 3.95 to trade at $92.08 a barrel. Brent oil for June delivery gained 3.75% or 3.60 to reach $99.52 a barrel. Precious metals moved modestly higher as the June Gold Futures contract increased 0.37% or 16.42 to trade at $4,455.92 a troy ounce.
Foreign exchange movements included a 0.21% rise in USD/DKK to 6.45, while EUR/DKK was effectively unchanged, moving 0.02% to 7.47. The US Dollar Index Futures strengthened 0.45% to 99.17.
Summary of session outcomes:
- OMX Copenhagen 20 closed up 0.52%.
- Top gainers: Novozymes AS, FLSmidth & Co., Coloplast A/S.
- Largest decliners: NKT Holding, Vestas Wind Systems, Carlsberg A/S B.
- Commodities: significant rises in crude and Brent oil; modest gain in June gold futures.
- FX and macro proxies: USD/DKK up, EUR/DKK flat, US Dollar Index Futures higher.