Blue chips break C20 index record

The index of the top Danish shares broke the 800 mark last week

The Danish shares in the C20 index reached a record high at the end of last week. On Thursday morning, the index reached 800 for the first time in its history.

The C20 is a market value index comprising the top-20 Danish ‘blue chips’.

Børsen business newspaper reports that the development can be attributed to particularly good results from the C20 companies in their first quarter. Both of Maersk’s share prices rose by more than 3 percent following the publication of the company’s quarterly results on Wednesday of last week.

Optimism in the market
Analysis of the C20’s start to the year carried out by Nordea shows that 16 of the 19 companies (AP Møller Maersk accounts for two of the top-20 shares) caused their share price to rise following publication of their results.

Encouraging purchasing managers’ indices (PMI) figures in Japan and China and the result of the American central bank’s latest meeting on interest rates are also thought to have contributed to optimism in the market.

The index had dipped slightly by the end of the week, but at the beginning of this week remains just shy of the 800 mark.

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