The KFX companies reached a turnover of DKK 42.4 billion (inclusive of Unidanmark), and accounted for 70 per cent of the total turnover.
The new KFX portfolio, which takes effect on 19 June 2000, welcomes two new shares, NKT Holding and NEG Micon with a market value of DKK 14,054 million. Jyske Bank and FLS Industries (aggregate market value: DKK 12,414 million) will be leaving the portfolio. The total market value of the portfolio has thus increased by DKK 1,638 million to DKK 594,859 million.
The KFX companies Jyske Bank and Ratin B were to be found among the 20 star performers, they recorded a price rise of 18 and 15 per cent, respectively. Navision Software was affected by the global fall in prices that hit IT companies and it was the sharpest dropping KFX company - 12 per cent.
The KFX index fell by 2.7 per cent compared with the end of March (March saw an all-time high of 300.20), and gained 35 per cent compared with end-April 1999. The KFMX index, comprising small and medium-sized companies, fell by 2 per cent compared with end-March.
Proceeds from issues in Danish companies amounted to DKK 391.5 million in April; Vest-Wood raised DKK 252 million through the issue of new shares.
Bond trading totalled DKK 353.5 billion in market value. The value of average daily trading amounted to DKK 20.8 billion, down 15 per cent on March 2000 and down 33 per cent on April 1999. The government bonds reached a turnover of DKK 186 billion in market value and the standard mortgage credit bonds DKK 144 billion. The average true yield closed the month at 6.14 per cent; a rise of 14 basis points compared with the end of March. At the end of April 2000 the volume of bonds in circulation totalled DKK 1.941 billion, almost the same as in March. The nominal value was DKK 1.948 billion.
Turnover in futures and options amounted to 77,259 contracts, a 26 per cent rise over the month in the average daily trading volume. The most actively traded instrument was the KFX future with 74,907 traded contracts - it accounted for 97 per cent of the total FUTOP turnover.
The Copenhagen Stock Exchange has included all traded foreign companies in its . As a consequence, the calculation of the monthly statistics has been changed so that foreign shares are now included in the individual sectors - the division into Danish and foreign companies has thus come to an end.
As regards market capitalisation, the market value of foreign shares is weighted with the index weights of the individual sectors. This means that the total market cap amounts to some DKK 300 billion less (DKK 1,004 billion in market value in April) with this new method of calculation, as the weighted value of foreign shares is only 12 per cent of the total value. However, the total value of the market value of foreign shares listed on the Copenhagen Stock Exchange is still available in the monthly statistics.
