Great Portland Estates [GPOR] – 55 years on the LSE

On this day in 1959 Great Portland Estates listed on the LSE.

Monthly seasonality of Great Portland Estates

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1988. For example, on average Great Portland Estates has out-performed the FTSE 100 by 1.9 percentage points in May.
Average monthly performance of Great Portland Estates [GPOR] relative to the FTSE 100 Index (1988-2013)

Observations:

  1. The strongest month for Great Portland Estates shares relative to the market has been May (the shares have out-performed the market in this month in 16 of the last 25 years).
  2. The weakest month for Great Portland Estates relative to the market has been June (the shares have only out-performed the market in this month in 3 of the past 26 years).

Great Portland Estates is in the FTSE 350 Real Estate Investment Trusts [NMX8670] sector.

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Merchants Trust (The) [MRCH] – 60 years on the LSE

On this day in 1954 Merchants Trust (The) listed on the LSE.

Monthly seasonality of Merchants Trust (The)

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1988. For example, on average Merchants Trust (The) has out-performed the FTSE 100 by 1.1 percentage points in May.

Average monthly performance of Merchants Trust (The) [MRCH] relative to the FTSE 100 Index (1988-2013)

Observations:

  1. The strongest month for Merchants Trust (The) shares relative to the market has been May (the shares have out-performed the market in this month in 14 of the last 25 years).
  2. The weakest month for Merchants Trust (The) relative to the market has been October (the shares have only out-performed the market in this month in 7 of the past 26 years).

Merchants Trust (The) is in the FTSE 350 Equity Investment Instruments [NMX8980] sector.

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MITIE Group [MTO] – 25 years on the LSE

On this day in 1988 MITIE Group listed on the LSE.

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1988. For example, on average MITIE Group has out-performed the FTSE 100 by 2.6 percentage points in May.

Average monthly performance of MITIE Group [MTO] relative to the FTSE 100 Index (1988-2013)

Observations:

  1. The strongest month for MITIE Group shares relative to the market has been May (the shares have out-performed the market in this month in 19 of the last 25 years).
  2. The weakest month for MITIE Group relative to the market has been February (the shares have only out-performed the market in this month in 11 of the past 25 years).

MITIE Group is in the FTSE 350 Support Services [NMX2790] sector.

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Antofagasta [ANTO] – 31 years on the LSE

On this day in 1982 Antofagasta listed on the LSE.

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1988. For example, on average Antofagasta has out-performed the FTSE 100 by 2.0 percentage points in August.

Average monthly performance of Antofagasta [ANTO] relative to the FTSE 100 Index (1988-2013)

Observations:

  1. The strongest month for Antofagasta shares relative to the market has been August (the shares have out-performed the market in this month in 14 of the last 25 years).
  2. The weakest month for Antofagasta relative to the market has been May (the shares have only out-performed the market in this month in 9 of the past 24 years).

Antofagasta is in the FTSE 350 Mining [NMX1770] sector.

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Hammerson [HMSO] – 68 years on the LSE

On this day in 1945 Hammerson listed on the LSE.

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1988. For example, on average Hammerson has out-performed the FTSE 100 by 0.6 percentage points in May.

Average monthly performance of Hammerson [HMSO] relative to the FTSE 100 Index (1988-2013)

Observations:

  1. The strongest month for Hammerson shares relative to the market has been May (the shares have out-performed the market in this month in 16 of the last 24 years).
  2. The weakest month for Hammerson relative to the market has been September (the shares have only out-performed the market in this month in 10 of the past 25 years).

Hammerson is in the FTSE 350 Real Estate Investment Trusts [NMX8670] sector.

 

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Last trading day of May

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

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 0.08% on the LTD of May, which makes it 8th in the ranking of month LTDs.

Since 2000, however, it has been the 4th strongest month LTD, with an average return of 0.17% on the day.

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

Returns for the FTSE 100 on the last trading day of May for the years 1984-2013

 

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Redrow [RDW] – 19 years on the LSE

On this day in 1994 Redrow listed on the LSE.

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1994. For example, on average Redrow has out-performed the FTSE 100 by 6.1 percentage points in August.

Average monthly performance of Redrow [RDW] relative to the FTSE 100 Index (1994-2013)

Observations:

  1. The strongest month for Redrow shares relative to the market has been August (the shares have out-performed the market in this month in 15 of the last 19 years).
  2. The weakest month for Redrow relative to the market has been May (the shares have only out-performed the market in this month in 6 of the past 18 years).

 
Redrow is in the FTSE 350 Household Goods & Home Construction [NMX3720] sector.

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Taylor Wimpey [TW.] – 66 years on the LSE

On this day in 1947 Taylor Wimpey listed on the LSE.

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1988. For example, on average Taylor Wimpey has out-performed the FTSE 100 by 7.4 percentage points in February.

Average monthly performance of Taylor Wimpey [TW.] relative to the FTSE 100 Index (1988-2012)

Observations:

  1. The strongest month for Taylor Wimpey shares relative to the market has been February (the shares have out-performed the market in this month in 19 of the last 24 years).
  2. The weakest month for Taylor Wimpey relative to the market has been May (the shares have only out-performed the market in this month in 6 of the past 23 years).

Taylor Wimpey is in the FTSE 350 Household Goods & Home Construction [NMX3720] sector.

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Average market behaviour in May

The following chart plots the average performance of the FTSE 100 Index during May since 1984 (more info on this type of chart).

Average performance of the FTSE 100 Index during May since 1984

The chart shows that on average the market trades fairly flat for the first two weeks of the month, the third week sees a sell off, with final bounce back in the last few days.


April 2013

The average chart for April was posted a month ago here. The following reproduces that chart and overlays the actual FTSE 100 for April 2013.

Average chart for April 2013 with overlay of the actual FTSE 100 for April 2013

In an average April the market climbs steadily throughout the month. This year, the market started weak, then recovered during the latter half of the month.

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