Denmark Stocks Decline at Market Close; OMX Copenhagen 20 Falls 1.49%

Denmark’s stock market experienced a downturn on Tuesday, primarily driven by declines in various sectors. At the end of trading in Copenhagen, shares dropped by 1.49%, reaching a new one-month low.

Among the notable gainers during the session was Carlsberg A/S B, which saw an increase of 3.38%, translating to 29.60 points, closing at 904.60. Chr Hansen Holding A/S also performed well, adding 2.41% or 10.10 points to end at 429.40, along with Novozymes A/S B, which rose by 2.17% or 6.00 points, closing at 282.60.

On the other hand, the worst performers included Orsted A/S, which plummeted by 6.03% or 21.60 points, closing at 336.80. Vestas Wind Systems A/S followed suit, slipping 5.45% or 8.02 points to finish at 139.10, while GN Store Nord decreased by 3.70% or 4.55 points, closing at 118.50.

Falling stocks outweighed advancing ones on the Copenhagen Stock Exchange, with a tally of 101 to 42, while 15 remained unchanged. Shares in Orsted A/S hit five-year lows with a decline of 6.03%, and GN Store Nord also reached new lows, losing 3.70%.

In the commodities market, crude oil for November delivery increased by 1.11% or 0.99, reaching $89.81 a barrel. Meanwhile, Brent oil for December delivery rose by 0.53% or 0.48, hitting $91.19 a barrel. The December Gold Futures contract, however, fell by 0.50% or 9.25, trading at $1,837.95 per troy ounce.

In currency exchange, the USD/DKK rose by 0.21% to 7.13, while the EUR/DKK remained mostly unchanged at 7.46. Additionally, the US Dollar Index Futures increased by 0.28%, reaching 106.90.