Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Copenhagen Stock Exchange: Continued Weak Share Trading, But Bustling Activity On The Derivatives And Bond Markets

Date 05/03/2003

In February, turnover on the equity market remained weak, and share trading amounted to DKK 21.5 billion, corresponding to a fall of 21 per cent on January. The value of average daily trading came to DKK 1.1 billion, which is a decrease of just under 13 per cent compared with January.

The most active share in February was Danske Bank with a turnover of DKK 4.3 billion, followed by Novo Nordisk and TDC with DKK 3.8 billion and DKK 2.1 billion, respectively. The first two months of the year have brought substantial price falls, and the KFX Index has decreased by 11 per cent since the turn of the year.

Turnover in the investment funds on the stock market fell in February and amounted to DKK 1.3 billion, a decrease of 33 per cent compared with the same month a year earlier. Turnover on the XtraMarked came to DKK 2.1 billion, corresponding to a drop of 44 per cent on the record-breaking month of January.

The derivatives market broke its record from January, and the average daily trading volume was 2,736 contracts. Over the month, a total of 54,719 contracts were traded distributed with 45,090 on the KFX Index and 9,629 on single shares. Compared with February 2002, the turnover in futures has increased by 29 per cent, and the turnover in options by 54 per cent.

The bond trading in February amounted to DKK 509 billion, a twofold increase compared with February 2002, but a fall of just under 42 per cent compared with January 2003. The most active government bond and mortgage credit bond were 5% INK. St.lån 2013 with a turnover of DKK 37.3 billion and Realkredit Danmark 23D s. 5% 2035 with a turnover of DKK 29.2 billion.