Industries provided positive returns
On Wednesday, December 23, 2015, all of the industries of the SPDR Euro STOXX 50 ETF (FEZ) had positive returns. The highlight of the day was all of FEZ’s 52 stocks providing positive returns. The returns pushed FEZ up. The Wisdom Tree Europe Hedged Equity ETF (HEDJ) rose by 2.2% on the same day. Now, let’s analyze the various industries’ performance on December 23, 2015.
Oil and gas industry
The oil and gas industry provided the highest positive return of 4.4% on December 23, 2015. As we already discussed, oil prices rose yesterday due to the fall in inventories and a weaker US dollar. The oil and gas industry rose. It gained 4.4% on that day. Oil and gas stocks like Total (TOT), Repsol, and Eni (EAA) rose by 3.1%, 6.6%, and 3.4%, respectively, on that day.
The electrical component industry provided the second-highest return of 3.6% on December 23, 2015. Electrical component stocks like EON and Schneider Electric rose by 5.3% and 3.6%, respectively, on the same say. Positive movement in crude oil prices drove the movements of electrical component stocks. If crude oil prices continue the downward movement, then it will hamper the energy demand. So, the electrical component demand will also come down. With the expectation of a rise in the demand for the electrical component as crude oil prices recovered, these stocks rose on December 23, 2015.
Personal care industry
The personal care industry provided a 2.6% return on December 23, 2015. Personal care stocks like Unilever (UN) and L’Oreal (LRLCY) returned 3.2% and 2%, respectively, on the same day due to the positive rally in all of the industries.
In the next part of this series, we’ll discuss FEZ’s top performers on December 23, 2015.