Why did A.P. Møller - Mærsk move?
Written after the close on
Mærsk rose as buy-backs and momentum lifted it. Over the last five trading days A.P. Møller - Mærsk A/S edged higher while Copenhagen's main index slipped, so the shares moved against the market, and the latest session brought a clearer gain as the index itself jumped. The likely driver is the ongoing share buy-back — the company buying its own stock back from the market, which shrinks the number of shares and tends to support the price — with the second phase of that programme running through late January. Momentum from the stock's recent run higher likely added to it.
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History in plain words, not investment advice.