Stocks on the Copenhagen exchange ended Thursday with a net gain, driven by strength across several consumer- and energy-related sectors. At the close, the OMX Copenhagen 20 index had climbed 1.22%.
Market leaders and laggards
The session's strongest performers on the OMX Copenhagen 20 included Vestas Wind Systems A/S, which rose 5.84% or 9.70 points to finish at 175.80. Demant A/S added 4.19% or 7.60 points to close at 189.20, and Novozymes AS increased 2.15% or 7.90 points, ending the day at 374.70.
Not all large names participated in the advance. FLSmidth & Co. was the biggest decliner among the benchmark names, sliding 2.32% or 11.40 points to 480.20 at the close. AP Moeller - Maersk A shares fell 2.18% or 360.00 points to 16,150.00, while the B shares declined 2.12% or 355.00 points to 16,405.00.
Breadth and session flow
On the Copenhagen Stock Exchange as a whole, advancing issues outnumbered decliners by 73 to 49, and 14 stocks finished unchanged.
Commodities and currencies
Commodity markets showed significant movement during the session. Crude oil for May delivery rose 5.15% or 4.65 to $94.97 a barrel. Brent oil for June delivery climbed 5.22% or 5.08 to $102.34 a barrel. In contrast, the June Gold Futures contract fell 3.60% or 165.08 to trade at $4,420.42 a troy ounce.
Currency pairs and dollar measures also registered small moves. USD/DKK was up 0.21% at 6.48, while EUR/DKK was essentially flat, changing 0.01% to 7.47. The US Dollar Index Futures gained 0.30% to 99.69.
The market close reflected selective strength among renewable energy, hearing care and industrial biotech-related names, offset by weakness in industrials and shipping. Commodity price swings and modest currency movement were notable features of the trading day.