Nasdaq Nordic Last Week: Zealand Pharma Plunge, Sectra Jump as Nordic Stocks Turn Lower
Nasdaq's Nordic 120 index dropped 0.78% on Friday, led by a more than 30% plunge in Zealand Pharma after obesity drug trial results lagged rivals. Stockholm's OMXS30, Copenhagen's OMXC25, and Helsinki's OMXH25 all posted weekly losses. Sectra gained over 12% after reporting a 21.1% rise in nine-month operating profit. Goldman Sachs warned oil could top $100 if Strait of Hormuz flows remain disrupted.