Elsam’s acquisition of 81.50 per cent of NESA A/S resulted in a daily trading volume record on the equity market. NESA trades of just under DKK 8.6 billion were reported to the Exchange on 1 April, and turnover thus peaked at DKK 11.7 billion. The previous record of DKK 7.1 billion was set on 27 October 1999, when FIH accepted the offer made by Förenings Sparbanken. FIH was subsequently delisted.
The members’ market shares on the equity market were affected by the NESA transaction in April. It meant that the Danske Bank’s market share in terms of turnover grew to 35 per cent, up from approx. 20 per cent.
Trading in listed investment certificates came to DKK 3.7 billion and is still at a very high level compared with the corresponding month last year, though 19 per cent lower than in March of this year.
Trading in non-exchange listed investment certificates on the XtraMarked also amounted to DKK 3.7 billion, which is a rise of 38 per cent on April 2003 and a rise of 11 per cent on March 2004.
In April there was less activity on the derivatives market compared with the previous months and compared with the record turnover reached in March, the April turnover fell by 47 per cent. A total of 48,667 contracts were traded. 41,141 futures contracts changed hands, which corresponds to a fall of 28 per cent compared with April 2003. The options trading volume fell by 35 per cent compared with April 2003 and totalled 7,526 contracts.
Bond trading came to DKK 461 billion in market value, which is 28 per cent lower than in March and almost 4 per cent higher than in April 2003. Throughout April, interest rates have gone up and this has put a damper on refinancing activities and thus turnover on the mortgage credit market.. For further stock market statistics, please visit www.cse.dk.
