Send us Feedback

FTSE 100 Index (FTSE)

QUOTE AND NEWS
Heritage Oil slips as merger talks end, but FTSE is fired up by miners
guardian.co.uk  2 hrs ago  Comment 
Heritage Oil was on the slide despite the rest of the market soaring on the back of rising commodity prices. The exploration and production company has agreed to sell its Ugandan assets to Italy's ENI for up to $1.5bn, but at the same time it has...
Rising metals end FTSE losing streak
Times Online  9 hrs ago  Comment 
Rising commodity prices sent mining stocks surging today and ended four days of losses on London's benchmark blue-chip index.
Are UK equities overvalued?
FX Street  9 hrs ago  Comment 
UK equity markets, along with many others around the world, have recovered strongly since their recent low in March 2009. Admittedly, the FTSE All-Share is still well below its 2007 all-time peak and, if one wants to go back further, below the...
FTSE soars as mining companies fly
guardian.co.uk  10 hrs ago  Comment 
Leading shares have begun the week brightly, as continuing weakness in the dollar has given a boost to metal prices, and thus the mining sector. The FTSE 100 is currently 82.82 points higher at 5334.23, with eight out of the top ten risers mining...
Commodities, bank gains power 1.7 pct rise in FTSE
Reuters  10 hrs ago  Comment 
Buoyant commodity prices lifted miners and energy stocks, while improved risk appetite also boosted banks, pushing Britain's top share index 1.7 percent higher in a broad rally early on Monday.
Banks and resource stocks lead FTSE 100
Financial Times  11 hrs ago  Comment 
Waitrose’s ‘chubby grocer’ tipped for Morrison job
Times Online  Nov 22  Comment 
WAITROSE boss Mark Price has emerged as a leading contender to replace Marc Bolland as the new chief executive of FTSE 100 supermarket giant Wm Morrison.
Equities slide
Business Times - Malaysia  Nov 20  Comment 
LONDON: European equities slipped for a fourth session yesterday to a two-week closing low as financials lost ground on concerns over some banks' exposure to Ukrainian debt, while weaker crude oil prices hurt energy shares. The FTSEurofirst...
History suggests shares will do well in December, says Goldman
guardian.co.uk  Nov 20  Comment 
With the FTSE 100 rallying by just shy of 20% since the start of the year, thoughts are turning to how the final month of 2009 might pan out. And the answer is, pretty well if you take history as a guide, according to Gerald Moser and the...
KL shares end broadly lower
Business Times - Malaysia  Nov 20  Comment 
SHARE prices on Bursa Malaysia ended broadly lower today after selective buying in bluechip counters failed to lift market sentiment and as investors opted to remain sidelined ahead of the weekend, said a dealer. At 5pm, the FTSE Bursa Malaysia...
Thomas Cook is hit by fear of fundraising to pay debts
Times Online  Nov 20  Comment 
Thomas Cook led the FTSE 100 lower yesterday amid fears that the travel group may hold a fundraising.
Suggest other news sources for this topic
Suggest a News Source
Topic
Top news source/blog that we're missing
Why do you recommend this news source?
Close 
Thanks for your suggestion!
 
RELATED WIKI ARTICLES

Related Articles

more ▼WIKI ANALYSIS
 This article describes an index that measures the performance of an exchange, industry or a geographic region. View articles referencing this index.
 
TOP CONTRIBUTORS
Sr. Director
Advait Pandey


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 October 2008[4]

  1. 3i
  2. Admiral Group
  3. Alliance Trust
  4. AMEC
  5. Anglo American (AAUK)
  6. Antofagasta (ANTO-LN)
  7. Associated British Foods
  8. AstraZeneca plc (AZN-LN)
  9. Autonomy Corporation
  10. Aviva
  11. BAE Systems (BAESY)
  12. BG Group PLC (BRGYY)
  13. BHP Billiton (BHP)
  14. BP (BP)
  15. BT GROUP (BT)
  16. Barclays (BCS)
  17. British Airways ADR (BAIRY)
  18. British American Tobacco Industries (BTI)
  19. British Energy (BGY-LN)
  20. British Land
  21. British Sky Broadcasting Group (BSY)
  22. Bunzl (BNL)
  23. Cable & Wireless
  24. Cadbury Schweppes (CSG)
  25. Cairn Energy
  26. Capita Group
  27. Carnival (CCL)
  28. Centrica
  29. Cobham
  30. Compass Group
  31. Diageo (DEO)
  32. Drax Group
  33. Eurasian Natural Resources Corporation
  34. Experian PLC (EXPN-LN)
  35. Firstgroup PLC (FGP-LN)
  36. Fresnillo
  37. Friends Provident
  38. G4S
  39. GlaxoSmithKline (GSK)
  40. Heritage Financial Group (HBOS)
  41. HSBC Holdings (HBC)
  42. Hammerson
  43. ICAP
  44. Imperial Tobacco Group (ITY)
  45. Inmarsat
  46. Intercontinental Hotels Group (IHG)
  47. International Power (IPR)
  48. Invensys
  49. Johnson Matthey (JMAT)
  50. Kazakhmys (KAZ-LN)
  51. Kingfisher
  52. Land Securities
  53. Legal & General
  54. Liberty International
  55. Lloyds Tsb Group (LYG)
  56. London Stock Exchange Group PLC (LSE-LN)
  57. Lonmin
  58. Man Group
  59. Marks & Spencer
  60. Morrisons
  61. National Grid Transco (NGG)
  62. Next
  63. Old Mutual PLC (OML-LN)
  64. Pearson (PSO)
  65. Petrofac
  66. Prudential Financial (PRU)
  67. RSA Insurance Group
  68. Reckitt Benckiser
  69. Reed Elsevier (RUK)
  70. Rexam (REXMY)
  71. Rio Tinto (RTP)
  72. Rolls Royce
  73. Royal Bank of Scotland
  74. Royal Dutch Shell (RDS'A)
  75. SABMiller plc (SBMRY)
  76. Sage Group
  77. Sainsbury
  78. Schroders
  79. Scottish and Southern Energy
  80. Severn Trent
  81. Shire Pharmaceuticals Group
  82. Smith & Nephew
  83. Smiths Group
  84. Stagecoach Group
  85. Standard Chartered PLC (STAN-LN)
  86. Standard Life
  87. Tesco (TESO)
  88. Thomas Cook
  89. Thomson Reuters Corporation (TRI)
  90. TUI Travel
  91. Tullow Oil
  92. Unilever (UL)
  93. United Utilities (UU)
  94. Vedanta Resources
  95. Vodafone AirTouch Public Limited Company (VOD)
  96. WPP Group (WPPGY)
  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. ↑ FTSE 100 index companies
Retrieved from "http://www.wikinvest.com/index/FTSE_100_Index_(FTSE)"
Wikinvest © 2006, 2007, 2008, 2009. 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