- Equities index is No. 1 out of 24 for 2nd consecutive year
- Ten-year rise also best at 151%, far ahead of No. 2 Norway
Denmark, among the world’s least populated developed countries, is poised to make stock market history: For the second year in a row and the third time in the past decade, its equities are outperforming those in all 23 other major developed markets.
Only Hong Kong can boast two consecutive No. 1 years, back in 2007 and 2006. None of the other indexes tracked by Bloomberg’s Developed Markets Market View function has two No. 1 finishes in the past decade under its belt, let alone Denmark’s three.
The OMX Copenhagen 20 Index of the most actively traded shares on that city’s stock exchange is up 34 percent this year as of mid-afternoon in Denmark, ahead of second-place Irish Stock Exchange Overall Index by several percentage points. Ireland’s benchmark has a narrow lead over OMX Copenhagen 20 Cap Index, an alternative version of Denmark’s gauge with data going back to 2011; that index gives less weight to its biggest member, Novo Nordisk A/S, and also topped the others in 2014.
Italy, Austria and Belgium finish out the top five at between 11 percent and 14 percent. Greece and Singapore are at the bottom with losses of 25 percent and 15 percent.
Over the past decade, the Danish benchmark has risen 154 percent, beating Germany and Norway, up 100 percent and 94 percent. Greece is worst over that period, down 83 percent. The U.S. is in sixth place, with the Standard & Poor’s 500 Index up 66 percent.
This year, the American market is in 15th place with a 0.7 percent gain. It hasn’t finished on top in the past ten years.