Denmark stocks closed lower on Tuesday, with losses concentrated in the Personal & Household Goods, Real Estate and Healthcare sectors driving the overall decline.
At the close in Copenhagen, the OMX Copenhagen 20 was down 0.70%.
Top performers
- FLSmidth & Co. (CSE:FLS) led gains on the index, rising 3.91% or 21.00 points to finish at 558.00.
- NKT Holding (CSE:NKT) added 2.50% or 20.50 points to end the session at 841.00.
- Zealand Pharma A/S (CSE:ZELA) climbed 1.52% or 6.50 points to close at 434.00.
Lagging stocks
- Demant A/S (CSE:DEMANT) was the weakest name, falling 10.75% or 23.90 points to trade at 198.50 at the close.
- Pandora A/S (CSE:PNDORA) declined 9.25% or 51.40 points to finish at 504.20.
- Coloplast A/S (CSE:COLOb) slipped 2.53% or 13.60 points to end at 523.00.
On the Copenhagen Stock Exchange overall, falling issues narrowly outnumbered advancing ones, with 61 stocks lower versus 60 higher and 13 unchanged.
Certain names reached notable intra-profile milestones during the session: shares in FLSmidth & Co. moved up to 5-year highs, gaining 3.91% to 558.00; Demant A/S fell to 3-year lows, losing 10.75% to 198.50; NKT Holding rose to an all-time high at 841.00 after a 2.50% increase; and Coloplast A/S dropped to 5-year lows at 523.00 following a 2.53% decline.
Commodities and FX
Commodities traded mixed alongside the equity moves. Crude oil for March delivery rose 1.21% or 0.75 to $62.89 a barrel. Brent oil for April delivery increased 1.01% or 0.67 to $66.97 a barrel. The April Gold Futures contract showed a significant uptick, rising 7.35% or 342.00 to trade at $4,994.60 a troy ounce.
On the currency front, USD/DKK was down 0.16% at 6.32, while EUR/DKK was effectively unchanged, moving 0.04% to 7.47. The US Dollar Index Futures fell 0.20% to 97.29.
Key points
- The OMX Copenhagen 20 closed down 0.70%, with Personal & Household Goods, Real Estate and Healthcare among the main drags.
- Market breadth was nearly even: 61 decliners, 60 advancers and 13 unchanged.
- Commodities and FX moved in mixed fashion, with crude and Brent higher and gold posting a large gain; USD/DKK and EUR/DKK showed small moves.
Risks and uncertainties
- Concentration of losses in Healthcare, Real Estate and Personal & Household Goods suggests volatility risk for those sectors.
- Significant moves in individual large caps - including stocks hitting multi-year lows or highs - indicate potential idiosyncratic risk for portfolios with heavy exposure to those names.
- Commodity and FX swings could introduce short-term market uncertainty affecting energy-sensitive and export-oriented sectors.