in Madrid: 88.6mi shares against 3 months average of 50.3mi
in London: 73.3mi against 3 months average of 29.7mi
in NYSE, nothing special: 4.1mi against 6.1mi
London averages used to be much lower.
There were incredible volumes of 446mi on 2013/10/17, 394mi on 2013/10/16, 343mi on 2013/10/06, and 342mi on 2013/10/03.
What is happening?
That is more than 13.4% of all shares traded in these 4 sessions in London, where normally the volumes are not significant (in comparison with Madrid).
Perhaps this is an error in the investing.com site where this data is coming from. It is so big!
Original data is here http://www.investing.com/equities/banco-santander?cid=27672
Link does not go to the right place directly: choose SAN, then in the overview choose "London"
For today it is not an investing.com error: Here are 2 screen shots from http://www.londonstockexchange.com/
Who bought €10bi worth of Santander shares, doing this in one of the biggest stock exchange, but (normally) insignificant for Santander (no one following Santander checks London).
So either I am phantasming, either we get a big surprise soon.
Vincent,
ReplyDeleteThis is from the Madrid Stock Exchange's official site, with today's and yesterday's numbers:
http://www.bolsamadrid.es/esp/aspx/Empresas/FichaValor.aspx?ISIN=ES0113900J37&ClvEmis=13900
I am possibly doing a beginner mistake: imagining a story from facts that are normal.
DeleteThe Madrid trade numbers from Santander site are 201mi for today and 20bi ytd.
I whouldn't interpret to much into it.
ReplyDeleteFor every buyer there is a seller - instead of asking who bought that many shares you could also ask who sold them.
You are right. It was a post I have done under the surprise to have seen that 15% of all shares were traded in 6 London sessions. Normally daily volume is the range of 100k.
DeleteThat confirms that my biggest doubt about SAN is the shareholder structure.
Today (2013/12/27) we had a normal trading session on LSE: volume was 74k and not 400+mi
ReplyDelete