The turnover in the KFX shares reached a total of DKK 34.9 billion, corresponding to 83 per cent of the total turnover.
Danske Bank was the most traded share in May totalling DKK 10.2 billion, a contributing factor being a repurchase of own shares that comprised a total market value of DKK 2.4 billion. Novo Nordisk was runner-up with a turnover of DKK 5.5 billion, and TDC came third with a turnover of DKK 2.8 billion.
Primarily as a result of the offer on Navision, the share became the fourth most traded share in May and contributed to the turnover by DKK 2.1 billion, which is fivefold its average monthly turnover this year, which has been approx. DKK 425 million.
The KFX Index fell by 1.0 per cent on April and closed the month of May at 254.33 and was thus 20 per cent lower than the level of May last year. The KFMX Index, which tracks the small and medium-sized companies, was the best performing index with an increase of 1.6 per cent over the month and a drop of 11 per cent compared with the same month the year before.
The bond turnover amounted to DKK 379.8 billion, corresponding to an increase of 4 per cent compared with April 2002 and an increase of 5 per cent compared with May 2001. The average daily turnover was DKK 18.1 billion, which is on level with the month before. The turnover in government bonds and mortgage credit bonds were DKK 147.7 billion and DKK 179.2 billion, respectively.
At end-May the average true yield was 5.57 per cent, corresponding to an increase of 2 basis points compared with end-April and a drop of 7 basis points compared with May 2001.
At the end of May 2002, the volume of bonds in circulation totalled DKK 2,052 billion in market value, which was largely unchanged compared with the month before.
Derivatives trading still totals just over 2,000 contracts on average per day. In May, the trading amounted to a total of 43,710 contracts distributed with 89 per cent on KFX futures and 11 per cent on options on individual shares.
