Stock Markets February 20, 2026

Copenhagen stocks slip at close as healthcare, tech and energy weigh on index

OMX Copenhagen 20 ends marginally lower amid mixed single-stock moves and modest commodity and FX shifts

By Nina Shah GMAB
Copenhagen stocks slip at close as healthcare, tech and energy weigh on index
GMAB

Denmark's benchmark index closed modestly lower on Friday, dragged down by losses in the Healthcare, Technology and Oil & Gas sectors. The OMX Copenhagen 20 fell 0.08% as several large-cap names moved in both directions. Commodities and FX showed relatively small shifts, with crude and Brent oil down slightly, gold futures higher, and major Danish currency pairs largely unchanged.

Key Points

  • OMX Copenhagen 20 closed down 0.08%, with sector weakness in Healthcare, Technology and Oil & Gas contributing to the decline.
  • Top performers included Pandora (+4.07%), Genmab (+3.46%) and Rockwool B (+2.64%); major decliners included ISS (-3.03%), Novo Nordisk B (-2.08%) and Vestas (-0.06%).
  • Market breadth favored advancers (73 rising vs 41 falling) even as the headline index finished marginally lower; commodities and FX showed only modest movement.

Denmark's equity market finished the session marginally lower on Friday, with sector-level weakness in Healthcare, Technology and Oil & Gas contributing to the overall decline. At the close in Copenhagen the OMX Copenhagen 20 lost 0.08%.

Among the index constituents, Pandora A/S (CSE:PNDORA) was the top performer, gaining 4.07% - a rise of 21.40 points - to finish at 547.40. Biotech group Genmab (CSE:GMAB) added 3.46% or 62.00 points to close at 1,853.50. Building materials firm Rockwool AS B (CSE:ROCKb) also advanced, up 2.64% or 6.00 points to 227.00 in late trade.

On the downside, ISS A/S (CSE:ISS) led losses among the larger names, slipping 3.03% or 7.40 points to end at 236.60. Novo Nordisk A/S Class B (CSE:NOVOb) fell 2.08% or 6.40 points to 301.00, while Vestas Wind Systems A/S (CSE:VWS) was down 0.06% or 0.10 points to 159.70.

Advancers outnumbered decliners on the Copenhagen Stock Exchange, with 73 stocks rising versus 41 falling; 21 issues finished unchanged. The breadth data show a market with more individual winners, even as the headline index was slightly into negative territory at the close.

Commodity markets moved modestly during the session. Crude oil for April delivery declined 0.39% or 0.26 to trade at $66.14 a barrel. Brent oil for April delivery mirrored that drop, falling 0.39% or 0.28 to $71.38 a barrel. Precious metals diverged, with the April Gold Futures contract rising 1.82% or 90.89 to trade at $5,088.29 a troy ounce.

Foreign exchange rates against the Danish krone were largely stable. USD/DKK was effectively unchanged, moving 0.03% to 6.34, while EUR/DKK was nearly flat, shifting 0.01% to 7.47. The US Dollar Index Futures was down 0.13% at 97.73.

These closing figures reflect a trading day in which select large-cap movers produced offsetting effects: strong gains in several names were balanced by declines among other heavyweight stocks, leaving the OMX Copenhagen 20 slightly negative by the session end.

Risks

  • Sector-specific downturns in Healthcare, Technology and Oil & Gas could continue to pressure index-level performance - impacting investors with concentrated exposure to those sectors.
  • Price moves in oil and gold, while modest in this session, represent sources of market sensitivity that could affect energy and materials-linked stocks.
  • Stability in USD/DKK and EUR/DKK during the session was limited; any future currency volatility could influence exporters and importers listed on the Copenhagen exchange.

More from Stock Markets

Non-importer distributors, retailers face risk of losing share of up to $175 billion in tariff refunds Feb 20, 2026 Morgan Stanley Highlights UniCredit and Huntington as Top Bank Picks After Strategic Reviews Feb 20, 2026 Fitch Cuts Olin's Long-Term Rating to BB+ Citing Prolonged Earnings Weakness Feb 20, 2026 KKR Seeks Buyer for BMC Helix in Deal That Could Reach $1.5 Billion Feb 20, 2026 Moody's Elevates Hudbay Minerals to Ba3, Maintains Stable Outlook Feb 20, 2026