August 8, 2022

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Europe's stock market falls on the last day of the year - E24

Europe’s stock market falls on the last day of the year – E24

European open stock markets are falling on the last day of the year. However, 2021 is set to be a very good year for many of the continent’s stock exchanges.

The Paris Stock Exchange is set to rise as much as 30 percent in 2021, but the last trading day must be completed first. Here’s from celebrating the New Year on the Champs Elysees two years ago.

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The broad Stoxx Europe 600 Index featured stock exchanges closed across the continent on Friday, but was down 0.08 percent in early trade. On the other hand, the impact on individual exchanges is greater.

This is how European open indexes are going on New Year’s Eve:

  • London’s FTSE 100 fell 0.45 percent
  • The CAC40 index in Paris fell 0.28 percent
  • Amsterdam’s AEX fell 0.25 percent
  • BEL 20 in Brussels fell 0.13 percent
  • ISEQ 20 in Dublin fell 0.61 percent
  • PSI 20 in Lisbon decreased by 0.25 percent

With the exception of the London Stock Exchange, the Euronext-owned exchanges are only open on Fridays. All exchanges on the continent operate with a half trading day, which means that the last exchanges close after 2 pm.

Strong year in the stock market

European stock exchanges, like the rest of the world, have seen a rally over the past year. The Stoxx Europe 600 collective index is set to close the year with an increase of around 23 percent. With a good end to Friday, the index could 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 on Thursday up 23.35 percent.

But not all places went well. Germany’s Frankfurt Stock Exchange closed Thursday night of the year, with the DAX up “only” 16 percent in 2021. This remains the fourth-best year the index has seen in the past decade, he writes Bloomberg.

“It was a difficult year for German stocks as companies’ heavy reliance on exports, especially with regard to China, caused huge fluctuations in operating profit,” Andreas Lipko, strategist at Comdirect Bank told the news agency.

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North Rise

Near Norway, Nordic stock exchanges also had a good year. The Stockholm Stock Exchange had its best year since 2009, according to Omni Economy. The Swedish capital’s OMXS30 index rose 29.1 percent last year, after rising 0.03 percent on Thursday.

In Copenhagen, the rise in the OMXC20 index was 27.2 percent in 2021.

Cemat fared better in Denmark with an increase of 174 percent, Borsen wrote. According to the newspaper, the company is based on the remains of silicone maker Topsil Semiconductor, which sold its operations in 2016 to Taiwan. Today, the company is mainly a real estate company operating in Poland.

The Helsinki Stock Exchange fell like the Oslo Stock Exchange on the last trading day of the year, but it had to be defeated by the Nordic competitors last year.

The OMXH25 index in the Finnish capital ended 2021 with an increase of 21.50 per cent.

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