Last trading day of June

Tomorrow will be the last trading day (LTD) of June.

As explained in the 2013 edition of the Almanac the LTDs of months used to be stronger than average, but in recent years they have been weak. This is quite different from the first trading days of months which strongly out-perform the average for all days, and where the effect has strengthened in recent years.

Since 1984 the market has on average risen 0.20% on the LTD of June, which makes it 2nd in the ranking of month LTDs.

Since 2000, however, the June LTD has been even stronger with an average return of 0.53% on the day – making it the strongest month LTD of the year.

The following chart shows the FTSE 100 Index returns for every June LTD since 1984.

FTSE 100 Index, last trading day of June

 

Social Share Toolbar

Comments are closed.