The Europe Energy ETF market experienced a negative performance of -1.57% on June 23, 2023, impacting a market worth 2 Bn EUR and consisting of 8 ETFs. The setback was reflected in several of the market's most significant ETFs, such as iShares STOXX Europe 600 Oil & Gas UCITS ETF (DE) (EXH1) which took a hit of -2.22% in daily returns, and iShares MSCI Europe Energy Sector UCITS ETF (ESIE) which took a dip of -0.90% in daily returns. SPDR MSCI Europe Energy UCITS ETF (STN) also witnessed a decline of -0.84% in daily returns.
The negative market sentiment seems to have been driven by notable European companies such as VESTAS WIND SYSTEMS ORD (VWS), which saw a -6.63% daily return and a decline of -6.93% over one week. Similarly, OMV ORD (OMV) suffered a daily return decline of -2.92% and a weekly decline of -6.29%. NESTE OYJ ORD (NESTE) and REPSOL YPF SA ORD (REP) also showed daily return drops of -2.50% and -2.26%, respectively, with the latter witnessing a -5.41% fall over the past week.
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