The Copenhagen stock market witnessed a notable uplift at Thursday's close, as the OMX Copenhagen 20 index rose by 3.46%, reaching its highest level in three months. This resurgence was primarily bolstered by gains in sectors such as Healthcare, Consumer Goods, and Technology, which collectively contributed to the index's strong performance.
Leading the surge among individual shares was Novo Nordisk A/S Class B, which soared 6.11%, equating to a 22.90-point increase, and closed at 396.70. Zealand Pharma A/S followed closely behind, appreciating by 5.86% or 24 points, finishing the session at 433.70. Oersted AS recorded a 4.87% rise, adding 6.30 points to close at 135.55.
In contrast, some companies faced headwinds during the trading session. Pandora A/S shares declined by 1.47%, a drop of 7.60 points to 509.80, marking a three-year low for the firm. NKT Holding also retreated, shedding 1.33% or 10.50 points to end at 777.00. Meanwhile, AP Moeller - Maersk A/S B edged slightly upwards by 0.13%, adding 20 points to close at 14,865.00.
The broader market breadth favored advancing stocks, with 98 shares climbing compared to 24 that fell, alongside 17 that remained unchanged. This overall positive market breadth reinforces the upward momentum observed in the index.
Turning to commodities, March delivery crude oil prices decreased by 1.58% ($0.96), settling at $59.66 per barrel. Brent oil for March experienced a similar decline of 1.50% ($0.98), ending at $64.26 per barrel. Conversely, the February gold futures contract gained 0.84%, or $40.86, concluding at $4,878.36 per troy ounce.
Currency trading saw the USD/DKK fall by 0.49% to 6.36, while the EUR/DKK remained effectively unchanged, edging up marginally by 0.01% to 7.47. The US Dollar Index Futures declined 0.38%, closing at 98.19, indicating a slight weakening of the US dollar against major currencies.