146

News

C20 Cap-Index in historic tumble

Christian Wenande
February 9th, 2016


This article is more than 8 years old.

Market falls 5.43 percent

The Danish C20 Cap-Index yesterday recorded its largest ever one-day drop, falling 5.43 percent as 87 billion kroner was wiped off the value of their shares.

DR economist Casper Schrøder contended that the development was influenced by issues in the world’s largest two markets: the US and China.

“There is a focus on the two large economies: the Chinese and American,” Schrøder told DR Nyheder. “There is grit in the economic engines in both countries, and that leads to a lot of nervousness in the stock market.”

READ MORE: Historic fall in C20 share prices due to worrying signs from China

Vestas and Genmab beatings
It is just the second time in its five-year history that the C20 Cap-Index has fallen by more than 4 percent – the previous occasion being on 24 August 2015 when the market fell by 4.65 percent.

In particular, high-risk companies such as Vestas and Genmab took the brunt of the beating. The wind turbine producer’s share price fell by 9.5 percent, while the biotech firm Genmab plummeted 11.5 percent.

The stock market in Germany and France also took a considerable tumble yesterday.

The C20 Cap-Index should not be confused with the C20 Index for Denmark’s blue chip companies. According to the membership rules of the Cap-Index, no one company can have a stock value that is equal to more than 20 percent of the index.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”