Stocks in Denmark ended the session in negative territory on Tuesday, with sector pressures from Healthcare, Real Estate and Consumer Services pushing the market lower.
At the close in Copenhagen, the OMX Copenhagen 20 was down 0.25%.
Top performers
- Danske Bank A/S (CSE:DANSKE) finished higher by 2.54%, adding 9.30 points to close at 375.00.
- AL Sydbank A/S (CSE:ALSYDB) rose 2.51%, up 15.00 points to end the day at 611.50.
- Jyske Bank A/S (CSE:JYSK) gained 2.42%, an increase of 23.50 points, to finish at 996.50.
Each of those three banks closed at record highs during the session, marking peak intraday valuations for their shares.
Largest declines
- Coloplast A/S (CSE:COLOb) led decliners on the OMX Copenhagen 20, slipping 2.51% or 10.20 points to close at 396.50.
- Genmab (CSE:GMAB) fell 2.29%, down 43.50 points to end at 1,860.00.
- Novo Nordisk A/S Class B (CSE:NOVOb) declined 1.45%, losing 4.70 points to finish at 319.70.
Market breadth and breadth indicators
On the Copenhagen Stock Exchange, advancing issues outnumbered decliners, with 58 stocks rising, 46 falling and 29 finishing unchanged.
Commodities and currencies
Energy and precious metals moved higher in late trading. Crude oil for August delivery increased 0.56% or 0.44 to $78.58 a barrel. Brent oil for September delivery rose 0.53% or 0.44 to $83.74 a barrel. The August Gold Futures contract advanced 2.15% or 86.20 to trade at $4,091.90 a troy ounce.
On the currency front, USD/DKK was down 0.51% to 6.53, while EUR/DKK was effectively unchanged, shifting 0.01% to 7.48. The US Dollar Index Futures declined 0.46% to 100.57.
Context and takeaways
Despite the overall small decline in the OMX Copenhagen 20, several major Danish banks posted strong gains and hit all-time highs in the session, while leading healthcare and consumer companies contributed to the downward pressure on the benchmark.
Trading activity displayed modest breadth in favor of advancers by count, but heavyweight names in Healthcare and Consumer Services weighed on the index performance at the close.
Market data cited in this report reflect closing prices and session moves as reported at the Copenhagen close.