First trading day of April

Next Tuesday, 2 April, will be the first trading day (FTD) of April (and therefore also of the second quarter).

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 April FTD has been the second strongest month FTD of the year: since 1984 the FTSE 100 Index has increased on average 0.47% on this day.

From 2000 the average return on the day has been even higher at 0.79%; and from 2003 the market has never fallen on this day.

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

Returns for the first trading day of April (1984-2012)

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