Denmark's equity benchmark finished the trading day in negative territory on Wednesday, with the OMX Copenhagen 20 slipping 0.96% to reach a new three-year low. Weakness in multiple sectors - led by Personal & Household Goods, Software & Computer Services and Healthcare - pushed the index down at the close in Copenhagen.
Market breadth was tilted toward the downside: 73 stocks fell, 43 advanced and 26 ended unchanged on the Copenhagen exchange.
Top movers
The strongest performer on the OMX Copenhagen 20 was NKT Holding (CSE:NKT), which climbed 4.90% - adding 38.00 points to finish at 814.00. Demant A/S (CSE:DEMANT) also posted gains, rising 4.76% or 8.50 points to close at 187.20. FLSmidth & Co. (CSE:FLS) was up 2.54%, a 14.00-point increase, to end the session at 565.50.
Lagging names
On the downside, Pandora A/S (CSE:PNDORA) fell 4.87%, dropping 25.60 points to finish at 500.40. Novozymes AS (CSE:NSISb) declined 4.41% - a 17.00-point loss - to close at 368.50, and Rockwool AS B (CSE:ROCKb) slipped 3.37% or 7.00 points to 212.00.
Notably, shares of Novozymes AS (CSE:NSISb) fell to 52-week lows, recording the 4.41% decrease to 368.50 by the close.
Commodities and currencies
In commodity markets, crude oil for April delivery was down 0.17% or 0.11, trading at $65.52 a barrel. Brent oil for May delivery edged up 0.11% or 0.08 to $70.66 a barrel. The April Gold Futures contract recorded a 0.89% gain, rising 46.19 to trade at $5,222.49 a troy ounce.
Currency moves included USD/DKK slipping 0.25% to 6.33, while EUR/DKK was effectively unchanged at 0.02% to 7.47. The US Dollar Index Futures was down 0.13% at 97.64.
What to watch
Wednesday's session highlighted sector-specific pressure in Personal & Household Goods, Software & Computer Services and Healthcare, and showed a market with more decliners than advancers. Several large-cap stocks recorded material moves in both directions, and one sizeable name hit a 52-week low by the close.