Stock Markets January 23, 2026

Denmark's OMX Copenhagen 20 Experiences Slight Decline Amid Sector Pressures

Financials, Chemicals, and Software Sectors Weigh on Market Performance

By Sofia Navarro
Denmark's OMX Copenhagen 20 Experiences Slight Decline Amid Sector Pressures

On Friday, Danish equities closed lower as sector-specific declines in Financials, Chemicals, and Software & Computer Services exerted downward pressure on the OMX Copenhagen 20 Index, which ended the session down by 0.06%. While several stocks showed gains, including NKT Holding and Oersted AS, notable losses in firms such as Tryg A/S and AP Moeller - Maersk A/S were evident. Commodities like crude oil and gold experienced price increases, adding complexity to market dynamics. Currency pairs and the US Dollar Index showed minor fluctuations by the close of trade.

Key Points

  • OMX Copenhagen 20 closed slightly lower at -0.06% due to sector-specific weakness.
  • Strong gains from NKT Holding, Oersted AS, and Novo Nordisk A/S helped offset broader declines.
  • Notable declines in Tryg A/S and AP Moeller - Maersk shares reflected pressures in Financials and Transport sectors.

The Copenhagen Stock Exchange closed weaker on Friday, with the OMX Copenhagen 20 index finishing 0.06% lower as declines in key sectors including Financials, Chemicals, and Software & Computer Services influenced overall market direction.

Top performers on the index included NKT Holding, which appreciated by 3.47%, gaining 27 points to close at 804.00. Oersted AS followed with a 1.62% rise, closing at 137.75 after rising 2.20 points, and Novo Nordisk A/S Class B shares appreciated 1.17%, adding 4.70 points to end the session at 401.40.

In contrast, leading declines were observed in Tryg A/S, dropping 5.27% or 8.50 points to 152.90 by close. Shares of AP Moeller - Maersk A/S exhibited notable decreases with Class B shares falling 3.06%, down 455 points to 14,410.00 and Class A shares slipping 2.76%, declining 410 points to 14,440.00.

The trading breadth showed a predominance of falling shares, with 76 declining stocks, 42 advancing, and 21 remaining unchanged.

Commodity markets posted gains, with crude oil for March delivery up 2.71% or $1.61 to $60.97 per barrel, while Brent oil for March contract advanced 2.65%, gaining $1.70 to $65.76 per barrel. Additionally, February Gold Futures surged 1.50% or $73.71, trading at $4,987.11 per troy ounce.

Currency movements were modest: the USD/DKK pair softened by 0.08% to 6.35, EUR/DKK virtually unchanged at 7.47, and the US Dollar Index Futures retreated 0.28% to 97.90.

These shifts reflect the ongoing interplay among Denmark’s major sectors, commodity fluctuations, and currency valuations, contributing to a moderately subdued close for the OMX Copenhagen 20.

Risks

  • Sector declines in Financials, Chemicals, and Software & Computer Services may indicate broader market vulnerabilities.
  • Volatility in key stocks such as AP Moeller - Maersk could impact investor sentiment in industrial and transport sectors.
  • Commodity price fluctuations, especially in oil and gold, introduce uncertainty for related economic segments and currency valuations.

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