(News Bulletin 247) – Trading volumes on Euronext spot markets fell by 30% in June compared to June 2022, according to figures published Thursday evening by the stock market operator.
Over one month, compared to May 2023, average daily volumes on European cash markets contracted by 5% to 2.2 million transactions, Euronext said in a press release.
Over the first six months of the year, the average daily volume stood at 2.6 million transactions, or 33% less than during the same period last year.
Regarding IPOs, the group says it recorded five transactions last month, corresponding to 318 million euros in funds raised, compared with 11 transactions (578 million euros raised) in June 2022.
In a note published Thursday, analysts at Deutsche Bank said they were concerned about the low volume of business in the cash markets, which they said would penalize the results of Euronext, which is still very dependent on this activity.
After having fallen by more than 4% yesterday following these comments, the Euronext title recovered somewhat (+0.2%) Friday morning in the first exchanges.
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