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Stocks still adjusting after Brexit

Andreas Jakobsen
June 27th, 2016


This article is more than 8 years old.

Denmark’s stock market suffer from a Brexit hangover

Danish stocks fell by 4 percent after the news of Brexit broke on Friday, and following the weekend the shares are continuing to slide, according to Finans.dk.

The OMX Copenhagen 20, the index of Denmark’s 20 most-traded shares, fell by 1.3 percent. Only TDC was left unharmed, edging up a mere 0.2 percent.

Nordea suffered the biggest hit, falling another 3.75 percent, which follows on from an overall decline of 28 percent this year – the largest of any Danish company in 2016.

Other companies – including the likes of AP Møller – Maersk, William Demant, Novozymes and Jyske Bank – are also struggling to get back on their feet.

In total, the C20 index has lost more than 6 percent of its value. It’s not good, but it’s still better off than elsewhere, as the Stoxx 600 (600 companies from 18 European countries) has fallen by 12 percent.


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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.”