Friday's Stocks ISS Defied Red C25 After Rising US Inflation

ISS ended at the top of the Danish elite index on Friday, with the share benefiting from a raised price target and positive analyst words on top of a better-than-expected forecast Leading the way was Bavarian Nordic, which on Friday invested around DKK 7 million.

new shares on sale after an issue, while FLSmidth acted as one of the bottom stoppers on a day with a weak development in commodity prices For the total C25 index, the day ended with a fall of 0.

4 Per Cent To 1772

66 after being in the plus for much of the day It was News from the US that sent the overall market reeling as fresh inflation figures showed rising inflation, despite the US central bank, the Federal Reserve, fighting a fierce battle to rein in consumer price developments.

Read also: Gilding shareholders with 150 percent of profits Here, the most important tool is raising interest rates, which with Friday's numbers once again creates worried faces among investors "We must go from fear of recession to fear of inflation," says Lars Skovgaard Andersen, senior strategist at Danske Bank.

He clings to two points where the shares were sent down on Friday The first time, when the figure was published at 2:30 p.

m , and subsequently, when the American shares started trading an hour later, when the American Nasdaq index started with a fall of 1.

6 per cent "Denmark is Europe's answer to Nasdaq, so it is no more than that when growth stocks have a hard time in the US, there is a tendency for Denmark to have a hard time too.

Value shares are doing better, and there aren't that many in Denmark,' he says The core inflation indicator PCE Core, which is the Federal Reserve's preferred inflation measure, showed an increase rate of 4.

7 per cent on an annual basis in January, while prices rose by 0.

6 Per Cent Compared To The Previous Month

Read also: European development causes serious concern ISS shares rose 2 3 per cent.

to DKK 155 on Friday and thus ended up at the top of the C25 index It happened after, among others, the financial house Carnegie has raised its price target for the share to DKK 235 from DKK 225 in the wake of Thursday's better-than-expected forecast for organic growth.

The forecast shows a strong growth momentum, and at the same time it seems that the worst inflationary pressure will pass by ISS, says an analysis from Danske Bank, which repeats its buy recommendation for the share "The investment case was confirmed with controlled growth acceleration based on price increases, while it is also important that volumes grow slightly and new business is picked up," writes the bank.

"ISS typically handles inflation well and bypasses the effect again in 2023 without a dilutive effect on margins," it continues At the bottom, FLSmidth was among the most declining with a minus of 2.

3 Per Cent To Dkk 273

50 two days after the accounts, when order intake was disappointing "It has had a downward trend in the period after, and it also looks a bit like a sector movement in Europe, where the entire sector is the most declining," says Martin Munk, senior equity advisor at Jyske Bank.

Read also: Pension company made a mistake: Now thousands of Danes pay the price Vaccineselskabet Bavarian Nordic registered on Friday around DKK 7 million new shares after a completed issue on Monday.

The shares were sold at a total price of DKK 1,642 million Each share was sold at DKK 233, which reflected a discount of 4.

9 Per Cent In The Issue That Was Oversubscribed

The Stock Rose 0 9 Per Cent

to DKK 223 Parken Sport & Entertainment will retroactively separate the football club FC Copenhagen into an independent partner company.

The company will be fully owned by the Park The separation, which does not require authority approval, took place retroactively from 1 January, while the company will be formally registered at the end of March.

The Parken Share Rose 5 9 Per Cent

to DKK 90 In the period November to January - the airline's accounting first quarter - SAS had its 13th quarterly loss in a row.

The airline posted a net loss in the quarter of DKK 2,709 million In the first quarter of the financial year 2021/22, the corresponding deficit was SEK 2,442 million.

Swedish kroner SAS maintains its expectations for the current financial year, but raises expectations for 2025/26 The share fell 1.

8 Per Cent To Dkk 0

29 Ahead of next week's accounts, Unibrew lowered its recommendation to "hold" from "buy" by Svenska Handelsbanken The brewery share fell 1.

6 per cent to DKK 486 Read also: FC Copenhagen becomes an independent company Read also: SAS suffers another billion-dollar loss .

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