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Two sectors saw a rise in turnover as both Materials and Industrials went up by 38 per cent and 4 per cent, respectively, in terms of market value. At DKK 14.2 billion, Industrials was the sector seeing the highest trading volume in May.
Oil prices have risen steadily since the beginning of the year to date, and have risen further over the past couple of days as a result of fear of terrorism. This had an adverse effect on share prices in many countries. During May, Danish share indices fell by 0.6-1.2 per cent, the exception being MidCap+, which rose by 1.2 per cent.
In May, an underwritten rights issue was made, generating proceeds of DKK 2.2 billion for Vestas Wind Systems. Total issues in May on the Copenhagen Stock Exchange were just over DKK 2.5 billion.
Trading in listed unit trust certificates of DKK 2.7 billion remained high and was up 54 per cent on the year-earlier period, but nearly a third lower than in April this year.
Turnover of non-listed unit trust certificates in the XtraMarked came to DKK 3.0 billion in May, or 19 per cent down on April and 51 per cent down on May 2003.
Turnover in the derivatives market fell in May to 37,109 traded contracts – a fall of 24 per cent on April. May saw trading of 33,028 futures contracts and 4,081 options contracts – a fall of 20 per cent and 46 per cent, respectively, compared with April. Turnover of futures for the first five months of the year went down by 10 per cent on 2003, and turnover of options went up by 5 per cent.
Turnover in the bond market worked out at DKK 463 billion in terms of market value, which was largely unchanged from April. Government bond turnover amounted to DKK 162.4 billion and mortgage bond turnover to DKK 299.6 billion.
