We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
FTSE-100: How is it set?
Gorgeous_George
Posts: 7,964 Forumite
Hi
This may seem a stupid question but it's been bugging me for a while.
The FTSE-100 closed at 6,134.10 but what does that mean? Is it based on the average market capitalisation of the top 100 shares or some other jiggery pokery?
GG
This may seem a stupid question but it's been bugging me for a while.
The FTSE-100 closed at 6,134.10 but what does that mean? Is it based on the average market capitalisation of the top 100 shares or some other jiggery pokery?
GG
There are 10 types of people in this world. Those who understand binary and those that don't.
0
Comments
-
Gorgeous_George wrote: »Hi
This may seem a stupid question but it's been bugging me for a while.
The FTSE-100 closed at 6,134.10 but what does that mean? Is it based on the average market capitalisation of the top 100 shares or some other jiggery pokery?
GG
Yes, it is the market capitalisation divided by an arbitary number that was set at the creation of the index. Here's the rules:-
http://www.ftse.com/Indices/UK_Indices/Downloads/uk_calculation.pdf#
Nigel0 -
indeed so: it is the sum of the capitalisation of the top 100 shares divided by a number that made the index a convenient number when it started some years ago0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards