While June came out with losses of 1.8%, which “cut” below +9% the total revenue for the first half of the year, your attention Athens Stock Exchange now it moves to July, which is the opening month of the second half of 2024.
A second half of the year, for which analysts are optimistic that the General Index will regain upward momentum and break the resistance of the 1,500 – 1,550 units. Before we get there, though, it’s worth taking a look at the past.
Although the current market environment is not the best possible, with the policy uncertainty in Europe being the main “thorn” in the sentiment of national investors, the story of July is largely favorable to buyers.
Specifically, in the last 10 years, that is, from 2014 to 2023, six times the sign was positive, with the General Index ending the month at higher levels than at the beginning. In fact, July “built” a mini positive sequence from 2021 to 2023.
The best of June
According to available data, the largest increase is seen in 2016when the main stock index rose +5.5%in an attempt to react after the -15% in June, which occurred in the shadow of the Brexit referendum.
Stock Market: The Champion Stocks in the June Correction and the Counterweights
From then on, June 2022 offered her second best performance with an increase in the General Index of 5%, while last year the variation was +4.4%, continuing the +4.9% of June as a seal of governmental continuity in Greece. Thanks to the electoral factor, its July was also positive 2019registering an increase of 3.6%. finally, the 2018 It is 2021 the increase was marginal at +0.4% and +0.5%, respectively.
On the other hand, the most intense flexion is found in 2014when the Greek market lost 3.7% of its value, amidst stormy political developments and deep economic crisis. The 2020under the influence of the negative outlook for the evolution of the coronavirus pandemic, the signal “wrote” -3.2%, while the 2017 the drop was set at 1.3%.
Closed due to referendum
Finally, let us not forget the “witness” July 2015when the Athens Stock Exchange remained closed for the entire month due to the sudden decision to hold a referendum and the subsequent closure of banks, with the parallel imposition of capital controls.
The performance of the General Index during 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%
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)