SIMB35 returns to the negative path. After a brief mirage in July and with more and more slack drums in the face of fall, Selectivo Internacional Modaes de Bolsa (SIMB35) fell again in August, closing the month down 5.3%, to 27,314 points.
The decline in the floor of the major global fashion e-commerce groups has once again weakened the development of selectivitywhich, due to the war in Ukraine and economic uncertainty, developed in 2022 only in March and June.
After hitting an all-time high in December 2021, SIMB35 started the year down 7.8%. In February, coinciding with the outbreak of the war in Ukraine, selectivity declined by 12.9%. In addition, in August, the Ibex35 and Dow Jones indexes also declined, with declines of 2.7% and 4.6%, respectively.
On the other hand, in the third month of the year, selectivity returned with a high of 5.1%. But it fell again in April, with a 3.87% drop. The SIMB35 index also recorded a decrease in May and June by 6.73% and 1.16%, respectively. But in July, selectivity gained momentum at 13.5%.
The pure players And it was major US fashion groups that influenced the development of SIMB35 in August. Boohoo, Asos and Zalando recorded decreases of 37%, 34.8% and 15.6%, respectively.
Guess and PVH stocks were also among the top ten losers. In the first case, the correction is 12.6% while PVH headlines, which this week released a file profit warningup 11.85% in the last month.
Only six companies survived the August coup, including Adolfo Domínguez
Nor did European companies emerge unscathed from the August coup and recorded double-digit declines. In the case of Adidas, which announced a few weeks ago the departure of its CEO, the decline was 13.7%, while H&M titles fell 12.73% in August. For its part, Inditex saw a drop of 8.4%.
Luxury hasn’t escaped fall in August either, despite the milder fall. Swiss Richemont shares fell 5.6% in August, while Prada, Hermès and LVMH shares fell 5.1%, 4.6% and 4.4%, respectively.
Only six fashion companies survived the decline in the eighth month of the year. Among them is the Spaniard Adolfo Domínguez, whose shares did not register any change. For its part, Fast Retailing improved its valuation by 1.3%, while Tapestry, Anta and Bath & Body Works grew by 2.6%, 5.2% and 8.2% in the stock market, respectively. The company that has developed best in August is Chile’s Falabella, which is up 19.3%.
Updated monthly by Modaes.es, SIMB35 is the result of multiplying the value of the previous month by dividing the sum of market capitalization in euros for the current month by 35 selectively forming companies by the sum of capital for the previous month, taking into account the calculation of a correction factor if there are changes in the number of shares. The SIMB35 was born in September 2011, with a trading base of 10,000 pips.
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