At the same time, trading via the electronic trading system reached new highs as the value of trading totalled DKK 33.8 billion, a rise of DKK 462 million compared with the previous record set in January 2004. In February, the trading volume amounted to 235,501 share transactions, up 121 per cent on February 2003.
The equity market opened the year well and the positive trends continued in February, consequently, the total turnover in 2004 has more than doubled compared with the corresponding period last year.
In February, the KFX Index gained 5.4 per cent and the MidCap+ Index 1.4 per cent, whereas the SmallCap+ Index fell slightly by 0.8 per cent. The value of the listed shares grew by more than DKK 37 billion in February.
Turnover in listed investment funds fell to DKK 3.5 billion in February, down from DKK 4.9 billion in January, however, compared with February 2003, turnover increased by 176 per cent. On the XtraMarked for non- Exchange listed investment funds turnover amounted to DKK 2.5 billion, a 29 per cent fall on the month before, but a rise of 21 per cent compared with February 2003. Like share trading, turnover in listed and non-Exchange listed investment certificates got off to a good start, and in the two first months of the year it was 145 per cent and 5 per cent higher than in January and February 2003.
The derivatives market saw activities increase, and in February 67,758 contracts changed hands, a rise of 15 per cent compared with a month earlier. Turnover is distributed on 51,797 index-linked futures contracts, 50 indexlinked options and 15,911 options on single shares. The growing interest has meant that at end-February there were more than 30,000 contracts on single share products, which is the first time since trading was transferred to the CLICK trading system.
In the first two months of the year, bond trading fell due to less activity on the mortgage credit market, where the refinancing activities were curbed at the beginning of 2004 compared with the corresponding period last year. In February, the value of bond trading totalled DKK 451 billion, down 24 per cent on January. In the first two months of the year, bond trading was just under 25 per cent below the same period in 2003.
Click here for further details.
