Strong Novo performance leads to C20 index record

C20 ends Tuesday at a record high, but it’s not a sign that the economic crisis is over

Jan 9, 2013

The largest stocks on the C20 index closed Tuesday at 517.98, setting an all-time record.

Tuesday’s performance bested the previous record set in October 2007, which was before the global economic crisis took hold.

But Michael Kongshaug, the chief analyst for Danske Bank, warned against taking Tuesday’s C20 performance as a sign that the crisis is winding down. He said that it was an indicator of just one business’s success.

“Novo Nordisk is so big that it alone has a weight of over 40 percent of the index,” Kongshaug told Ritzau. “The company is doing fantastic and is pulling the rest of the stocks up with it.”

But it's not just Novo. Kongshaug also pointed to strong performances from Carlsberg, Chr. Hansen and Novozymes.

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Strong Novo performance leads to C20 index record

New US Arctic security strategy co-opts Denmark as Russia deterrent

Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

Migratory birds bring dangerous ticks to Denmark

Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

CrowdStrike director: IT outage issue “has been identifed”

Foreign labour contributes DKK 76 billion to Danish economy in three months

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How internationals can benefit from joining trade unions

Internationals in Denmark rarely join a trade union

Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

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