Danish shares lower midmorning as interest rate worries continue |
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Fri, 08 Jun 2007 10:16
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COPENHAGEN (Thomson Financial) - Danish shares were lower midmorning after overnight losses on Wall Street, increasing worries of higher interest rates and a pessimistic report from Sydbank, dealers said.At 10.45 am, the OMXC20 index was down 6.68 points at 471.93 and the OMXCB Benchmark index shed 7.40 points to 455.00.Andreas Ramsing at Gudme Raaschou said the Copenhagen stock market came under pressure after Sydbank predicted Danish shares may fall and recommended investors sell.The stock market's direction in the coming weeks will depend on the newsflow, he said, but added that 'the market is very nervous right now'.DS Torm was down 7.25 dkr at 203.25. The group said it expects the acquisition of US tanker group OMI to be finalized today, and added it will, as a consequence, defer its second quarter report to August 31.Genmab fell 11.50 dkr to 362.50. Jyllandsposten said the generous stock option programmes offered to the group's management may be contrary to good management norms, but added the programmes have been approved at Genmab's shareholder's meeting.AP Moller Maersk was down 1,000 dkr at 63,500. Direkt news agency said, citing Lloyd's List, that the group has sold four container ships to Canada's Seaspan for 40 mln usd each and signed an agreement to lease them back over five years.Danske Bank shed 0.50 dkr to 230.50. Shares in the group were upgraded to 'neutral' from are duce' at UBS.Among other shares, Vestas Wind Systems was down 10.00 dkr at 356.50, GN Store Nord fell 1.50 dkr to 60.00 and FL Smidth shed 9.00 dkr to 408.50.gustav.sandstrom@thomson.comgs/ejbCOPYRIGHTCopyright AFX News Limited 2007. 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.
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Danish shares lower in midmorning on worries of China overheating 