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Danish shares on advance

COPENHAGEN: Danish shares continued their advance, bolstered by the stronger dollar with dealers seeing the revival going on Tuesday

in a market dominated by leading banks' 1995 half-year results.

"We should see a positive market again tomorrow, provided the dollar holds up, even if bank interim results dominate things as expected," one dealer enthused.

The top-20 KFX index closed a solid 0.44 point higher at 103.81 with the KFX September future dipping 0.25 point to close at 104.00 with 364 contracts each worth 100,000 crowns traded.

The overall turnover was 670 million crowns.

Jyske Bank, which delivered a good half-year result and upwardly revised its whole year 1995 expectations, slipped 11 crowns to 417 on market disappointment on its share issue announcement to beef up own capital.

Den Danske Bank and Unibank, Denmark's first and second banks in size, tipped to post solid interim advances tomorrow, closed mixed with the former up one crown at 385 and the latter down by the same amount at 267.

B & O, which announced a doubling of 1994/95 profits, closed 50 crowns higher at 750, with A.P. Moeller making palpaple gains too. -Reuter