Nordic Stocks Declined Thursday; Zealand Pharma Took Biggest Hit

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Stocks in the Nordic region declined Thursday, with the OMX Nordic 40 Index declining 0.2%.

Zealand Pharma A/S posted the largest decline among large stocks during the session, falling 5.4%, followed by International Petroleum Corp. shares, which fell 4.9%. Shares of Sectra AB Series B dropped 4.5%.

Sweco AB Series B was the was the biggest leader, surging 15.1%, and Sweco AB Series A jumped 14.5%. Storskogen Group AB Series B rounded out the top three leaders on Thursday, with shares gaining 8.3%.

In Denmark, the OMX Copenhagen 20 Index held steady at 2,752.59., while the OMX Helsinki 25 Index, which tracks Finland's most-traded stocks, increased 0.8%.

Stocks on Sweden's OMX Stockholm 30 Index dropped 0.7%, while Norway's Oslo Exchange Benchmark Index_GI gained 0.5%. Shares in Iceland increased, with the OMX Iceland All-Share PI Equity Index gaining 0.6%.

Elsewhere in Europe, indexes fell, with the STOXX Europe 600 Index dropping 0.2% and the FTSE 100 Index falling 0.1% from the previous close.

Stock indexes in Asia were up, with Japan's NIKKEI 225 Index up 1.4% and China's Shanghai Composite Index rising 0.1%.

In commodities news, Brent crude oil futures were up 0.4%, while gold futures were down 0.4%. Bitcoin was down 0.9% to $65,476.

On the currency front, the WSJ Dollar Index increased 0.1% to 99.13.

Against the euro, the U.S. dollar was up 0.1%, the Danish krone was flat, the Icelandic krona was flat, the Norwegian krone was down 0.2%, and the Swedish krona was down 0.2%.

Against the U.S. dollar, the Danish krone was down 0.1%, the Icelandic krona was down 0.1%, the euro was down 0.1%, the Norwegian krone was down 0.3%, and the Swedish krona was down 0.3%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 16, 2024 12:45 ET (16:45 GMT)

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