In a relatively positive turn of events, the Europe Energy ETF market experienced a performance gain of 1.22% on June 30, 2023. This market, which is valued at approximately 2 Bn EUR and consists of 8 exchange-traded funds (ETFs), showcased some notable movements. Notably, the SPDR MSCI Europe Energy UCITS ETF (STN), the iShares MSCI Europe Energy Sector UCITS ETF (ESIE), and the iShares STOXX Europe 600 Oil & Gas UCITS ETF (DE) (EXH1) all displayed a daily return of 1.29%, reflecting the overall market trend.
Driving the positive movement within specific ETFs were key energy companies. SIEMENS ENERGY AG ORD (ENR) exhibited a robust daily return of 3.32% and an impressive 10.73% return over the course of one week. Similarly, ENI ORD (ENI), OMV ORD (OMV), and AKER BP ASA ORD (AKRBP) showed daily returns of 2.28%, 2.08%, and 1.37% respectively, with returns over one week ranging from 2.23% to 3.38%. These companies played a significant role in influencing the performance of the Europe Energy ETF market and contributing to its positive trajectory.
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