First trading day of June

Next Monday will be the first trading day (FTD) of June.

As explained in the 2013 edition of the Almanac, the market has a tendency to be strong on the FTD of a month. And this effect has been even more pronounced in recent years.

The June FTD has been the 6th strongest FTD of the 12 months: since 1984 the FTSE 100 Index has increased on average 0.24% on this day.

From 2000 the average return on the day has been marginally weaker at 0.21%.

The following chart shows the returns for every June FTD since 1984.

Returns for the FTSE 100 on the first trading day of June for the years 1984-2013

 

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