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Danish shares AFX at a glance outlook


Published :
Fri, 02 Feb 2007 08:48
By : Agencies
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COPENHAGEN (AFX) - Shares are expected to open higher, lifted by overnight gains on Wall Street, although recent rises in Novo Nordisk could lead to profit-taking, dealers said.

Yesterday, the OMXC20 index closed 2.91 points higher at 465.75 and the OMXCB Benchmark index rose 3.31 points to 445.12.

The OMXC All Share index closed 2.63 points higher at 444.35 on turnover of 5.81 bln dkr.

FORTHCOMING EVENTS

Today

-Central bank currency reserves (4.00 pm)

Monday

-nothing expected

COMPANY NEWS

-AP Moeller-Maersk's Maersk Olie & Gas has been awarded 15 new licences by the UK's Department of Trade and Industry in the 24th Seaward Licensing Round

-TDC's Sunrise unit will not apply for a licence to provide telephone network and broadband internet access and other basic services in Switzerland when the mandate expires at the end of 2007. Swisscom is the only telecoms group to apply to have applied for a licence.

TODAY'S PRESS

-Novo Nordisk will refuse to sell its newest diabetes medicine if German health authorities push prices too low sales director Kaare Schultz (Jyllands-Posten)

-Copenhagen Airports to concentrate on Danish ops, to sell stakes in airports in Mexico, China, UK chief executive Niels Boserup (Berlingske Tidende)

-Dong Energy looking for financial backing from Novozymes, Statoil, Danish state, EU for 300 mln dkr investment in second-generation bioethanol pilot plant (Berlingske Tidende)

-Tax minister Kristian Jensen to moderate last week's tax package for small share investors (Berlingske Tidende, Jyllands-Posten)

MARKET NEWS/SENTIMENT

-*FLSMIDTH RAISES FY 2006 PRETAX FORECAST TO 775 MLN DKR FROM 650-700 MLN DKR PREVIOUSLY

-*NOVO NORDISK UPGRADED TO 'NEUTRAL' VS 'UNDERWEIGHT' AT JP MORGAN

-Danske Bank target price raised to 292 dkr from 290 at Credit Suisse, 'outperform' rating reiterated, target raised to 266 dkr from 258 at JP Morgan on 'underweight' stance

-Novo Nordisk, DS Torm ADRs both closed at higher levels compared with yesterday's closing price in Copenhagen

michael.delaine@afxnews.com

mdl/har

COPYRIGHT

Copyright AFX News Limited 2006. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited




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