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Danish shares sharply lower midmorning


Published :
Wed, 28 Feb 2007 11:04
By : Agencies
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COPENHAGEN (AFX) - Danish shares were sharply lower in midmorning trade, continuing yesterday's downturn, dealers said.

At 10.35 am, the OMXC20 index was down 13.15 points at 448.08 and the OMXCB Benchmark index fell 13.03 points to 425.06.

FL Smidth AS fell 28.00 dkr to 342.50 after the group presented a somewhat cautious outlook for 2007 in its full year report.

'FL Smidth was down due to its (2007) guidance,' Mads Zink at Danske Equities said.

'While the guidance was not very bad, it was a little weaker than expected,' he added.

Vestas Wind Systems was down 12.50 dkr at 253.50, while AP Moller-Maersk shed 1,400 dkr at 57,900.

Novo Nordisk AS shed 5.00 dkr to 475.00. The group said it will sell its stake in cancer diagnostics group Dako AS to the private equity fund EQT V for 1.5 bln dkr.

Trygvesta AS, which is due later today to present its full year report, was down 9.00 dkr at 442.00.

Elsewhere in the finance and insurance sector, Danske Bank AS fell 7.00 dkr to 258.50, Jyske Bank AS was down 13.00 dkr at 429.50, Sydbank shed 11.00 dkr to 287.00 and Topdanmark AS fell 39.00 dkr to 978.00.

Among other shares, DSV was down 32.00 dkr at 936.00, Coloplast shed 16.00 dkr to 459.50, Novozymes AS fell 16.00 dkr to 468.50 and H. Lundbeck AS was down 5.75 dkr to 148.50.

gustav.sandstrom@thomson.com

gs/rfw

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