FTSE 100 Index (FTSE)

QUOTE AND NEWS
guardian.co.uk  7 hrs ago  Comment 
Utility companies in demand as investors shy away from riskier assets Despite markets pausing for breath after recent rises, Standard Chartered shook off news that it would pay a $300m penalty to US authorities for lapses in its anti-money...
Financial Times  Aug 20  Comment 
Main London index is 0.3% lower, although much of the fall was accounted for by stocks trading without further rights to latest dividend payments
The Economic Times  7 hrs ago  Comment 
guardian.co.uk  Aug 20  Comment 
Investors cautious after recent rises ahead of Bank of England and Fed minutes Markets have paused for breath after recent rises, not helped by a number of companies seeing their shares go ex-dividend. But after Tuesday's disappointment from BHP...
MarketWatch  Aug 20  Comment 
The U.K.’s FTSE 100 index snaps a five-day winning streak and the pound climbs after minutes from the latest Bank of England policy-setting meeting showed two members were in favor of hiking interest rates.
SeekingAlpha  Aug 20  Comment 
By Tom Lydon: By Todd Shriber & Tom Lydon The iShares China Large-Cap ETF (NYSEARCA:FXI), the largest and most heavily traded U.S.-listed China exchange traded fund, will soon get a new index. As of the close of U.S. markets on September 19,...
guardian.co.uk  Aug 19  Comment 
Leading shares move higher again as investors brush aside geopolitical worries AstraZeneca shares have fallen sharply since the pharmaceuticals company rebuffed a $118bn offer from US group Pfizer in May. But ahead of a possible return by Pfizer...
Mondo Visione  Aug 19  Comment 
With just three months until leaders from the global exchanges sector meet in London for the Mondo Visione Exchange Forum, the sector is in a period of unprecedented change in the global financial markets. However, this is not yet being seen...
The Economic Times  Aug 19  Comment 
Persimmon results came in a day after Bovis Homes posted strong first-half results, boosted by a record number of completions.
guardian.co.uk  Aug 19  Comment 
Mining group to split off assets but profits and lack of buyback disappoint investors Markets are continuing this week's rally, on hopes of easing geopolitical tensions, but mining group BHP Billiton's plans to do the splits seems to have received...
MarketWatch  Aug 19  Comment 
U.K. stocks climb for a fifth straight day on Tuesday as weaker-than-expected consumer-price data eases pressure on the Bank of England to tighten monetary policy this year.




 
TOP CONTRIBUTORS


Also called the footsie, the Financial Times Stock Exchange 100 is a market capitalization weighted index representing the top 100 blue chip companies on the London Stock Exchange. The index is said to map more than 80% of the total capitalization in the United Kingdom. Stocks are free-float weighted to ensure that only the investable opportunity set is included within the index. [1]. The FTSE group manages the Index, which in turn is a joint venture between the Financial Times and the London Stock Exchange.

Weighting and Calculations

They involve the total market capitalization of the companies weighted by their effect on the index, so the larger stocks would make more of a difference to the index as compared to a smaller market cap company. This is also called the free float method. The basic formula for any index is (be it capitalization weighted or any other stock index)[2]:

  • Index level= Σ(Price of stock* Number of shares)*Free float factor/ Index Divisor.

The Free float Adjustment factor represents the proportion of shares that is freefloated as a percentage of issued shares and then its rounded up to the nearest mulitple of 5% for calculation purposes. To find the free-float capitalization of a company, first find its market cap (number of outstanding shares x share price) then multiply its free-float factor. The free-float method, therefore, does not include restricted stocks, such as those held by company insiders.

While one might track this portfolio’s value in dollar terms, it would probably be an unwieldy number – for example, the S&P 500 market value is roughly $11.8 trillion. Rather than deal with ten or more digits, the figure is scaled to a more easily handled number, currently around 1250. Dividing the portfolio market value by a factor, usually called the Index divisor, does the scaling.

Continuity in index values is maintained by adjusting the divisor for all changes in the constituents’ share capital after the base date. This includes additions and deletions to the index, rights issues, share buybacks and issuances, and spin-offs. The divisor’s time series is, in effect, a chronological summary of all changes affecting the base capital of the index. The divisor is adjusted such that the index value at an instant just prior to a change in base capital equals the index value at an instant immediately following that change[3].

Composition of the FTSE 100

The List of companies that comprise the FTSE as of 16th September 2011[4]

  1. AB Foods
  2. Admiral Group
  3. Aggreko
  4. AMEC
  5. Anglo American (AAUK)
  6. Antofagasta (ANTO-LN)
  7. ARM Holdings
  8. Associated British Foods
  9. AstraZeneca plc (AZN-LN)
  10. Autonomy Corporation
  11. Aviva
  12. BAE Systems (BAESY)
  13. BG Group PLC (BRGYY)
  14. BHP Billiton (BHP)
  15. BP (BP)
  16. BT GROUP (BT)
  17. Barclays (BCS)
  18. British American Tobacco Industries (BTI)
  19. British Land Company
  20. British Sky Broadcasting Group (BSY)
  21. Burberry Group
  22. Cairn Energy
  23. Capita Group
  24. Capital Shopping Centres Group
  25. Carnival (CCL)
  26. Centrica
  27. Compass Group
  28. Diageo (DEO)
  29. Essar Energy
  30. Eurasian Natural Resources Corporation
  31. Experian PLC (EXPN-LN)
  32. Fresnillo
  33. G4S
  34. GKN
  35. GlaxoSmithKline (GSK)
  36. Glencore International
  37. HSBC Holdings (HBC)
  38. Hammerson
  39. Hargreaves Lansdown
  40. ICAP
  41. IMI
  42. Imperial Tobacco Group (ITY)
  43. Inmarsat
  44. International Consolidated Airlines Group
  45. Intercontinental Hotels Group (IHG)
  46. International Power (IPR)
  47. ITV
  48. Intertek Group
  49. Investec
  50. Johnson Matthey (JMAT)
  51. Kazakhmys (KAZ-LN)
  52. Kingfisher
  53. Land Securities
  54. Legal & General
  55. Lloyds Banking Group
  56. Lonmin
  57. Man Group
  58. Marks & Spencer
  59. Morrisons
  60. National Grid Transco (NGG)
  61. Next
  62. Old Mutual PLC (OML-LN)
  63. Pearson (PSO)
  64. Petrofac
  65. Prudential Financial (PRU)
  66. RSA Insurance Group
  67. Rangold
  68. Reckitt Benckiser
  69. Reed Elsevier (RUK)
  70. Resolution
  71. Rexam (REXMY)
  72. Rio Tinto (RTP)
  73. Rolls-Royce Holdings
  74. Royal Bank of Scotland Group
  75. Royal Dutch Shell (RDS'A)
  76. SABMiller plc (SBMRY)
  77. Sage Group
  78. Sainsbury
  79. Schroders
  80. Scottish and Southern Energy
  81. Serco Group
  82. Severn Trent
  83. Shire Pharmaceuticals Group
  84. Smith & Nephew
  85. Smiths Group
  86. Standard Chartered PLC (STAN-LN)
  87. Standard Life
  88. Tate & Lyle
  89. Tesco (TESO)
  90. Tullow Oil
  91. Unilever (UL)
  92. United Utilities (UU)
  93. Vedanta Resources
  94. Vodafone AirTouch Public Limited Company (VOD)
  95. WPP Group (WPPGY)
  96. Weir Group
  97. Whitbread
  98. Wolseley PLC (WOS-LN)
  99. Wood Group
  100. Xstrata PLC (XTA-LN)

References

  1. FTSE Factsheet
  2. Capitlization method methodology
  3. Capitalization Weighted Description
  4. [1]
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki