Stock market fall in Europe on the last day of the year – E24
Decline characterizes the open European stock exchanges on the last day of the year. Nevertheless, 2021 is set to be a very good year for several of the continent’s stock exchanges.
The broad Stoxx Europe 600 indices are marked by closed exchanges around the continent on Friday, but point in early trading down 0.08 percent. The impact on the individual stock exchanges, on the other hand, is greater.
This is how it goes on the open European indices on New Year’s Eve:
- The FTSE 100 in London is down 0.45 percent
- CAC40 in Paris has 0.28 percent
- The AEX in Amsterdam is down 0.25 percent
- BEL 20 in Brussels has 0.13 percent
- ISEQ 20 in Dublin is down 0.61 percent
- PSI 20 in Lisbon is down 0.25 percent
With the exception of the London Stock Exchange, only Euronext-owned exchanges are open on Friday. All the stock exchanges on the continent operate with half a trading day, which means that the last ones close as after 2 pm.
Strong stock market wound
European stock exchanges, like the rest of the world, have been affected by the year. The European collective index Stoxx Europe 600 is set to end the year with an increase of around 23 percent. With a good end to Friday, the index may close the year at record levels.
It is at the same level as the Main Index on the Oslo Stock Exchange, which ended the year at 23.35 percent.
But not everywhere did it go like bra. The German Frankfurt Stock Exchange ended Thursday night the year that the DAX index “just” rose by 16 percent in 2021. It is still the fourth best year the index has had in the last year, written Bloomberg.
– It was a tough year for German equities, as the company’s high dependence on exports, especially with links to China, caused high fluctuations in operating profit, says Comdirect Bank strategy Andreas Lipkow to the news agency.
Also read
Rise for tea stocks in Hong Kong: The giant completed strength in lead-heavy year
Nordic upturn
Closer to Norway, the Nordic stock exchanges have also had a good year. The Stockholm Stock Exchange had its best year since 2009, according to Omni Finance. The OMXS30 index in the Swedish capital rose 29.1 percent last year, after a decline of 0.03 percent on Thursday.
In Copenhagen, the rise in the OMXC20 index was 27.2 percent in 2021.
The share in Cemat did best in Denmark with an increase of 174 percent, writes Børsen. According to the newspaper, the company is built on the remains of the silicon manufacturer Topsil Semiconductor, which in 2016 sold the operation to Taiwan. Today, the company is primarily and real estate company with business in Poland.
The Helsinki Stock Exchange fell like the Oslo Stock Exchange on the last trading day of the year, but must be beaten by the Nordic competitors last year.
The OMXH25 index in the Finnish capital ended 2021 with a rise of 21.50 percent.