On this day in 1991 HSBC Holdings 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 HSBC Holdings has out-performed the FTSE 100 by 3.7 percentage points in July.
![Average monthly performance of HSBC Holdings [HSBA] relative to the FTSE 100 Index (1994-2012)](http://stockmarketalmanac.co.uk/wp-content/uploads/2013/03/Monthly-seasonality-of-shares-HSBA-2013.png "Monthly seasonality of shares [HSBA] (2013)")
Observations:
- The strongest month for HSBC Holdings shares relative to the market has been July (the shares have out-performed the market in this month in 13 of the last 19 years).
- The weakest month for HSBC Holdings relative to the market has been March (the shares have only out-performed the market in this month in 5 of the past 19 years).
