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However, compared with the first three quarters of 2002 the turnover this year is a near 4 per cent lower, whereas the number of trades is 16 per cent higher than the same period the year before.
The most active share in September was A.P. Møller - Mærsk B at DKK 8.3 billion followed by Danske Bank at DKK 8.2 billion, of which a part can be attributed to a buy-back scheme of DKK 3 billion. TDC came third with a turnover of just under DKK 4.4 billion.
During the course of the first three quarters of the year two companies - both investment companies - were listed on the Exchange, and combined they raised proceeds of DKK 289 million. During the same period the two listed companies raised a capital amount of more than DKK 677 million through new issues and the sale of existing shares. The issuance activity compared with the year before is, however, still at a low level.
September also meant progress for the investment certificates on the stock market, which saw a turnover of DKK 3.5 billion, a rise of 39 per cent on August. However, in comparison with the first three quarters of 2003, the turnover is nearly 9 per cent lower. The non-listed investment certificates on the XtraMarked also increased to DKK 2.8 billion in September from DKK 1.5 billion in August.
The activity on the derivatives market in September was fair, and the total volume of contracts traded came to 72,508 against 68,313 in August. A total of 49,026 futures contracts and 23,482 option contracts were traded. The trading in options has thereby increased twofold compared with the month of August.
In September, the trading on the bond market rose to DKK 508 billion from DKK 432 billion in August, which is due to turnover increases in both government bonds and mortgage credit bonds.
The most actively traded government bond was 5% Bullet loan maturing in 2013, with a turnover of DKK 53.5 billion, whereas the most active mortgage credit bond was Totalkredit's 5% 111.C.s. maturing in 2035 with a turnover of DKK 15.8 billion.
The bond turnover in the first nine months of the year grew by 26 per cent compared with the same period in 2002. However, the total trading in bonds in the third quarter of 2003 was 8 per cent lower than the second quarter of 2003.
At the end of September, the bonds in circulation totalled DKK 2,413 billion in market value, which corresponds to the level at the turn of the year 2002/2003
