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

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.




  • Ryanair cancels all flights to and from Billund 

    Ryanair cancels all flights to and from Billund 

    Ryanair has increased its cuts from the Billund-Aalborg route to encompass its entire operation to and from Billund Airport. The airline’s scarce communication is leaving both the airport and passengers scrambling for answers.

  • What do Danes do for “Vinterferie”?

    What do Danes do for “Vinterferie”?

    As tradition has it, many Danes take a week off for Vinterferie next week. Or the week after. It’s a bit confusing, especially since Christmas and New Year’s Holiday are not far away. What’s going on?

  • The educational options for internationals in Denmark

    The educational options for internationals in Denmark

    Denmark offers free public education, but private schools and universities for non-EU students require tuition. Language is a barrier, with international schools available for children and limited English-taught university programs. In 2024, Denmark expanded university seats for internationals and introduced an HF-international program in Aarhus.

  • Aarhus Gymnasium is launching Denmark’s first HF program for internationals

    Aarhus Gymnasium is launching Denmark’s first HF program for internationals

    Aarhus Gymnasium is launching Denmark’s first HF-international program in August, offering young adult internationals an alternative to IB programs with a focus on career-oriented education and Danish language learning. Unlike IB, it reduces academic pressure while providing access to vocational schools and professional bachelor’s degrees

  • Top Danish companies report strong financial performance

    Top Danish companies report strong financial performance

    Some of Denmark’s leading companies reported solid financial results for 2024, with Lundbeck, Demant, and Vestas seeing growth, while Pandora tackled rising production costs with price increases and cost-saving measures.

  • Greenland restricts foreign property purchases and election donations

    Greenland restricts foreign property purchases and election donations

    These days, the Greenlandic institutions are approving two new norms to restrict, reduce, or ban the possibility for foreign citizens to buy real estate on the island, as well as for political parties to receive large amounts of money from foreign donors.