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Danish shares lower midmorning led by AP Moller; FLSmidth outperforms slightly


Published :
Tue, 27 Nov 2007 10:17
By : Agencies
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COPENHAGEN (Thomson Financial) - Shares were lower midmorning following overnight losses on Wall Street, led by AP Moller Maersk AS, but FLSmidth AS outperformed slightly before its nine-month report.

At 10.20 am, the OMXC20 index was down 4.34 points at 457.09 and the OMXCB Benchmark had shed 3.83 points to 434.84.

AP Moller Maersk AS was down 1,000 dkr at 60,600.

FLSmidth shed 0.50 dkr to 478.00 before its nine-month report, which is expected around noon.

Analysts polled by RB Boersen expect the engineering group to post a pretax profit of 1.203 bln dkr, on sales of 14.024 bln dkr.

Topdanmark AS, which is expected to post nine-month results around 1.00 pm, fell 9.00 dkr to 725.00.

DS Norden AS was down 11.00 dkr at 523.00 on profit-taking after yesterday's sharp gains.

Of other heavily traded shares, Vestas Wind Systems AS shed 4.50 dkr to 442.50, Novozymes AS fell 10.00 dkr to 520.00 and NKT Holding AS was down 8.00 dkr at 477.00.

gustav.sandstrom@thomson.com

gs/wj

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Copyright Thomson Financial News Limited 2007. All rights reserved.

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




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