The worst September on the Copenhagen Stock Exchange for eight years

KAX Index fell by 3.68 percent and C20 Cap Index nosedived 2.09 percent

Lucie Rychla

Last month was historically the worst September for investors on the Copenhagen Stock Exchange since 2008, when the US investment bank Lehman Brothers filed for bankruptcy.

The KAX Index fell by 3.68 percent, which is the worst result for any September month since the financial crisis took off, according to figures from Bloomberg.

READ MORE: Stocks still adjusting after Brexit

However, last month’s performance was not as poor as in January and June, when the KAX Index fell by 3.98 and 4.39 percent respectively.

Denmark’s leading stock market index C20 Cap also fell by 2.09 percent – its second worst result this year after January.

In late September, stock markets around the world began to fall due to concerns about the stability of German lender Deutsche Bank.

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