Yup. Been living in Copenhagen - less than 30 mins by train from Malmo - for over 30 years. There's never been more action than right now. Lotsa underground gigs for fans of noise, hc, death/doom metal, postpunk, psych, freejazz etc. Vintage cult/exploitation flicks are shown each month on 35mm. The queer/drag/transgender scene here is also worth checkin out. And the hippie-city-within-the-city, Christiania, if you want get stoned and chill.
My band's playing at this upcoming festival in Ungdomshuset - the # 1 venue for underground punk, hc and death metal:

Not a bad dish of new punk acts in the K-town scene
I rarely go to Malmo cuz I kept getting arrested by the pesty cops and big brother security...unlike Copenhagen where I can talk myself out of any trouble.