Whereas June left with losses of 1.8%, which “scissored” under +9% the overall earnings of the primary half, his consideration Athens Inventory Change now turns to July, which is the opening month for the second half of 2024.

A second half, for which analysts are optimistic that the Normal Index will regain upward momentum and break by means of the resistances of 1,500 – 1,550 items. Earlier than we get there, although, it is value looking on the previous.

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Though the present setting within the markets shouldn’t be the very best, with politics uncertainty in Europe to be the principle “thorn” in home investor sentiment, July’s historical past is broadly in favor of consumers.

Particularly, inside the final 10 years, i.e. from 2014 to 2023, six occasions the signal was optimistic, with the Normal Index ending the month at greater ranges than it began. In truth, July has “constructed” a mini optimistic streak from 2021 to 2023.

The most effective of June

In keeping with the out there knowledge, the most important rise is present in 2016when the principle inventory index gained +5,5%in an try to react after the -15% in June, which had taken place within the shadow of the Brexit referendum.

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From then on, June of 2022 supplied her second finest efficiency with a rise within the Normal Index by 5%, whereas final yr the change amounted to +4.4%, persevering with June’s +4.9% as a seal of governmental continuity in Greece. Due to the electoral issue, his July additionally turned out to be optimistic 2019, recording a rise of three.6%. Lastly, the 2018 and 2021 the rise was marginally +0.4% and +0.5%, respectively.

However, probably the most intense bending is present in 2014when the Greek market misplaced 3.7% of its worth, within the midst of stormy political developments and the deep financial disaster. The 2020underneath the affect of the adverse outlook for the evolution of the coronavirus pandemic, the signal “wrote” -3.2%, whereas the 2017 the decline was set at 1.3%.

Closed attributable to referendum

Lastly, let’s not neglect the “witness” July 2015when the Athens Inventory Change remained closed all through the month, as a result of sudden resolution to carry a referendum and the next closure of banks, with parallel imposition of capital controls.

The efficiency of the Normal Index throughout the month of July:

• 2023 +4,4%
• 2022 +5,0%
• 2021 +0,5%
• 2020 -3,2%
• 2019 +3,6%
• 2018 +0,4%
• 2017 -1,3%
• 2016 +5,5%
• 2015 Closed
• 2014 -3,7%

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(The above is the product of journalistic analysis and doesn’t represent an invite to purchase, promote or maintain any inventory)

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