The KFX shares reached a total turnover of DKK 49.9 billion and they accounted for 73 per cent of the total turnover.
In connection with the review of the KFX portfolio i-data international and NKT Holding left the index and were replaced by NavisionDamgaard and Copenhagen Airports. As a result, the market capitalisation of the KFX portfolio, measured at end-May 2001, will increase by DKK 9 billion to DKK 664 billion on 18 June, when the new portfolio enters into effect. The rise is primarily due to the fact that i-data international and NKT Holding with an aggregate market cap of a mere DKK 11.5 billion will be replaced by shares that have a market cap of more than DKK 15.2 billion.
TDC was the most actively traded share with a turnover of DKK 8.3 billion in May, then followed Novo Nordisk with a turnover of DKK 7.3 billion. Vestas Wind Systems was the third most-active share with a turnover of DKK 6.3 billion.
Turnover in insurance companies boomed, primarily because Topdanmark increased its holding of own shares significantly in connection with a buy-back scheme.
Two KFX shares were to be found among the 25 star performers. The price of Lundbeck shares rose by 33.5 per cent and NEG Micon shares rose by 18.7 per cent. Two KVX shares were also represented among the 25 star performers - Genmab prices and eHuset prices rose by 58.7 and 44.5 per cent, respectively.
The KFX Index gained 6.4 per cent compared with April and closed May at 317.30, which was 9.1 per cent higher than end-May last year. Since the beginning of the year, the KFX Index has gained 1.1 per cent.
Bond trading amounted to DKK 361.0 billion in market value, an increase of 8 per cent on April 2001, and a fall of 27 per cent compared with May 2000. The average daily value of trading fell by 7 per cent compared with April to DKK 17.2 billion. The government bonds reached a turnover of DKK 158.2 billion in market value, a fall of 41 per cent on May 2000.
The average true yield closed the month at 6.04 per cent, a rise of 4 basis points compared with the end of April, and a rise of 2 basis points on end-2000.
At end-May 2001, the volume of bonds in circulation amounted to DKK 1,955 billion, which was almost the same as the previous month.
