Copenhagen Stock Exchange: Bustling Activity On The Bond Market And A Record-Breaking Month On Both The FUTOP Market And The Xtramarked

The bond market hummed with activity in the first month of the year, and turnover amounted to DKK 872.3 billion in market value, which is DKK 20 billion more than in December 2002. Compared with January 2002 this is a rise of DKK 270 billion, which is attributable to bustling activity on the mortgage credit market.

In January, share trading amounted to just over DKK 27 billion, a rise of 30 per cent on December 2002. However, in January 2002, share trading had amounted to DKK 10 billion more. The most actively traded share of the month was Danske Bank with a turnover of DKK 4.2 billion. Then followed Novo Nordisk with DKK 4.0 billion and TDC with DKK 3.3 billion. The KFX Index has fallen by 6.4 per cent since the beginning of the year, while the KBX Index has fallen by 5.7 per cent.

Turnover in listed investment certificates rose by 4.8 per cent compared with December 2002 and amounted to DKK 2.1 billion. In January, the XtraMarked reached an all-time high turnover of DKK 3.6 billion, which is almost DKK 1.3 billion higher than the previous record set in April 2002.

In January, the total trading volume on the FUTOP market reached an all-time high with 58,552 derivatives contracts. The previous record of 54,575 contracts was reached in October 2002. In January, turnover in KFX index-linked contracts totalled 48,082 contracts, distributed on 46,282 index-linked futures and 1,800 index-linked options. Trading in single share options has almost doubled year-on-year to 10,470 contracts.