11318
0
The Danish Stock Exchange Defies Corona
Corona is putting the economy down - almost every stock exchange in the world has suffered slumps in the past few months. The Copenhagen Stock Exchange, of all places, seems to have recovered brilliantly.
Yazar: Tom Roberts
Yayınlanma: 13 Eylül 2020 01:29
Güncellenme: 7 Kasım 2024 13:58
The Danish Stock Exchange Defies Corona
The Danes are once again ahead of their time. Of course it has to do with luck, but not only. While the people in the small country are considered masters of relaxation and satisfaction, their stock market index OMX 20 ensures that this also applies to stock marketers despite Corona. Because this index has not only reached the pre-pandemic high again, it has topped it. This means that the Danish stock exchange is at the top in the north: better than that in the energy and fish country Norway, in the economically more traditional and export-oriented Sweden or in post-Nokia Finland, which still dreams of better times.Proud here, envious looks there
"We are red, we are white, we are Danish dynamite!" - an old football battle cry that also applies to stocks and attracts envious looks around the world. Simon Richard Nielsen is editor-in-chief at "Euroinvestor.dk" and proud of his small country, which is really showing the big ones at the moment. "The Danish market is characterized by a large number of companies from the health sector: drugs, biotechnology," explains Nielsen. "Their stocks tend to perform particularly well when the market is up and down." Of course, things are haywire in the Danish market too, but Danish: a little, far less intense. Denmark has come through the crisis better economically so far, with gross domestic product "only" falling by 7.4 percent in the second quarter."Flagship" Novo Nordisk
One reason - but there are others, says Nielsen, a lot of defensive stocks on the stock exchanges, for example - and a real "star": "Here in Denmark we have a flagship product, that is Novo Nordisk. They manufacture diabetes drugs. If theirs Price rises just a little, that quickly brings the entire market up in Copenhagen. " It is very unusual for such a large company to exist in such a small economy.
In addition, other companies appear small, even if they are quite large by Danish standards and contribute to the stock market success, according to Nielsen. "In 2020 we see three megatrends here: We have the 'green' stocks, for example from Vestas. They build wind turbines and have developed very well; we have already mentioned health; the technology sector is still missing."
"Our robustness is remarkable"
Nielsen sounds satisfied and it is. The Danish way through the corona crisis with quick and tough countermeasures, many of which have been lifted, has paid off in his eyes. Unlike the lockdown-free Sweden, whose economy has suffered more than the Danish, which is now well positioned.
"The companies will continue to do very well," Nielsen is certain. Whether this is also reflected in the stock market is another story. "But look at the past five years: The Danish market - plus 60 percent, the German plus 30. Our robustness is quite remarkable."
İLGİLİ HABERLER
European stocks soared and focus shifted to German retail sales after Powell's speech!
Forex Signal For TRY/USD: Inflation Slowdown in November.
Forex Signal For GBP/USD: Bullish Trend Still Not Breaking While Recovery Continues.
Forex Signal For EUR/USD: Starry US Data Points to Higher Fed Increases.
Forex Signal For BTC/USD: Downside Continues as Bitcoin Recovery Moves Less.
En Popüler Haberler
Yorum Yap
Yorumlar
Henüz yorum yapan yok! İlk yorumu siz yapın...