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SIP23: sport falls 4.3% in February on the stock market after four months of increases

The sport falls back on the stock market. The Selective International Palco23 Stock Market (SIP23) has registered in February 2023 a decline of 4.3%, up to 17,051 points, which represents breaking with four months of chained increases. In February, the decrease would have been 6.5% had it not been for the effect of currency exchange.

Despite this fall, the sport has remained above 17,000 integers, although below the 17,886 points registered in the same month last year. In 2022, the sport had a 9.6% drop in January and in February it fell another 9%. In March, it recovered slightly, with a rise of 1.5%, but then recorded three months of declines, of 2.7%, 8.1% and 6.3%, falling to 15,223 points in June.

Later, in July, the aggregate capitalization of the 23 main companies in the sector on an international scale increased by 10.25%, but in August it returned to declines with a fall of 4.3%. However, it was not until September when it sank, signing a black month after falling 15.8%. Afterwards, the sport returned to increases and registered increases of 2.4%, 15.8%, 0.9% and 10.2% in October, November, December and January, respectively. The selective is still far from its all-time high, recorded in July 2021, when it reached 23,375 points.

From January 30 to February 24 there have been registered twelve falls. The eSports company Faze Clan has fallen again with a fall of 19.8% while the Chinese sports equipment company Anta Sports has done so by 16.9%, being the two most notable setbacks in the period. The German sports equipment giant Adidas completes the falls podium, with a decline of 8%.

For its part, Nike, the company with the largest capitalization in the SIP23 and, therefore, the one that has the most influence on its evolution, has registered a decrease of 7.4% in the period. The Serie A football club Juventus FC, the British gym chain The Gym, the Portuguese football club Benfica, the broadcaster US FuboTV, US golf equipment company Topgolf Callaway Brands Corp, Formula 1 manager Liberty Media Formula One Series and US gym chain Planet Fitness have also fallen, but not significantly.

for the upper part, the largest increase was recorded by the Spanish swimming pool company and wellness Fluidra, with an increase of 13.8%. The second position has been for the British sports distribution company JD Sports, with a revaluation of 11.3%. The Japanese sports equipment company Asics completes the podium, with a rise of 8.3%. For its part, the Dutch gym chain Basic-Fit has raised its value by 7.6%.

The Italian fitness equipment company Technogym, the Bundesliga club Borussia Dortmund, the Eredivisie club Ajax, the Premier League club Manchester United, the sports distribution company Dicks, the home fitness company Peloton, the holding company of US clubs The Madison Square Garden and Taiwanese fitness equipment company Johnson Health Tech have also posted gains, but not significantly.

On the other hand, the Ibex35, the reference index in Spain, has closed the period with a rise of 1.6%, while the Dow Jones (of the United States) has done so with a decrease of 3.4%.

Updated monthly by Palco23, the SIP23 is the result of multiplying the value of the previous month by dividing the sum of the market capitalizations in euros of the current month of the 23 companies that make up the selective by the sum of the capitalizations of the previous month , taking into account a corrective factor if there are changes in the number of shares. The SIP23 was born in December 2017 with a base of 10,000 points.

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