The conditions on the global equity markets still remain adverse, and since the turn of the year the level of prices in Denmark has fallen by 20 per cent. This fact together with the changed reporting rules have produced a drop in the value of share trading of 32 per cent to DKK 311 million in market value. Since the trading on the bond market has risen concurrently by 9 per cent to DKK 3,944 billion, the Exchange is able to keep up the income from trading on level with the same period last year. In response to the general slowdown in the financial sector, the period saw a slight decrease in the income from sale of electronic information.
"That results have increased by DKK 2 million is primarily due to the fact that income from listing and issuance fees has risen by DKK 3.5 million. The rise primarily stems from the Exchange's XtraMarked, which has been a success", says President and CEO Hans-Ole Jochumsen.
For the full year 2002, the Exchange expects a somewhat lower turnover in the region of DKK 235-245 million down from previously DKK 240-250 million. This is a consequence of the international slackening of the activity on the securities markets.
The Copenhagen Stock Exchange's XtraMarked for non-listed unit trusts, which opened on 1 March 2002 still draws keen interest. Ah the end of September, two new foreign funds were welcomed. This is in effect the first certificates to be issued and traded in a foreign currency.
In mid-May 2002, the Copenhagen Stock Exchange opened its own TV and Webcasting studio from where the listed companies may present their business, strategic cooperation agreements, results or other news. At the end of September, the Copenhagen Stock Exchange had produced 27 commercial webcasts as well as six own webcasts and teleconferences.
Read the Copenhagen Stock Exchange's interim report for the first nine months in full: click here.
