First trading day of October

Tomorrow will be the first trading day (FTD) of October.

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.

Since 1984, the FTSE 100 Index has risen on average 0.19% on the October FTD. The index has had a positive return on this day in 62% of years since 1984.

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

First trading day of the month for October for the FTSE 100 Index

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