Børsens News Service in English
Banks’ Positive Mood Bucks C20 Trend
28-07-2010
18:26
For the third day in a row, Danish Banks continued to ride the wave of optimism shown earlier this week. Two of the country's largest banks saw their share values rise in an otherwise largely downbeat day’s trading on the Copenhagen Stock Exchange
At the end of the day’s, the C20 index of Denmark’s twenty most traded shares had fallen 0.3 percent, with stalwarts like A.P. Moller Maersk, Vestas and NKT all suffering losses. Shares in NKT lost 2.3 percent of their value, Vestas shares fell 2.2 percent, and A.P. Moller Maersk’s “A” and “B” shares lost 1.73 and 2.05 percent of their respective values
However, the banks continued to buck the trend, not least due to yesterday’s news that the Basel Committee on Banking Supervision was delaying until 2018 aspects of a new liquidity requirement. This, combined with several positive results from oversees banks, contributed to Danish Bank’s share value rising just over two percent. Jyske Bank’s shares rose 0.77 percent, while shares in Nordea remained unchanged.
At the end of the day’s, the C20 index of Denmark’s twenty most traded shares had fallen 0.3 percent, with stalwarts like A.P. Moller Maersk, Vestas and NKT all suffering losses. Shares in NKT lost 2.3 percent of their value, Vestas shares fell 2.2 percent, and A.P. Moller Maersk’s “A” and “B” shares lost 1.73 and 2.05 percent of their respective values
However, the banks continued to buck the trend, not least due to yesterday’s news that the Basel Committee on Banking Supervision was delaying until 2018 aspects of a new liquidity requirement. This, combined with several positive results from oversees banks, contributed to Danish Bank’s share value rising just over two percent. Jyske Bank’s shares rose 0.77 percent, while shares in Nordea remained unchanged.
*****||*****Banks’ Positive Mood Bucks C20 Trend *****||*****For the third day in a row, Danish Banks continued to ride the wave of optimism shown earlier this week. Two of the country's largest banks saw their share values rise in an otherwise largely downbeat day’s trading on the Copenhagen Stock Exchange*****||*****
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