From December 19, five extra companies will benefit from the extra exposure that comes with being a member of the country’s most-cited stock index.
That’s because Nasdaq Copenhagen has decided to add five extra places to its most important index, meaning that the C20 stock index will officially become the C25 index.
“It’s a fantastic story because it conveys how well the Danish stock market has performed,” Bjørn Sibbern, the head of Nasdaq Copenhagen, told Børsen business newspaper.
“Just consider that two of the three largest listings in the world in 2016 took place in Copenhagen,” he said pointing to the listings of DONG Energy and Nets.
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Nordea and FLSmidth back
Among the companies set to benefit from the expansion are Nordea and FLSmidth, which were forced out of the C20 following the listings of DONG and Nets. They’ll both make a return to the prestigious index thanks to the expansion.
Aside from Nordea and FLSmidth, the three other companies that will be added to expand the existing C20 will be insurance giants Tryg and Topdanmark, along with industrial conglomerate NKT Holding.
The C20 (soon to be C25) is a market value-weighted index consisting of the 20 (soon 25) most-traded stock classes.
Among the other companies already on the index are Maersk, Carlsberg, Novo Nordisk and Vestas.
