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FTSE 100 Index (FTSE)

QUOTE AND NEWS
Markets surge
Business Times - Malaysia  1 min ago  Comment 
LONDON: European stock markets recorded strong gains yesterday on prospects for continued economic stimulus, with the London FTSE 100 index rising 1.80 per cent to close at 5,235.18.
Data Points: Asia & Europe
Wall Street Journal  4 hrs ago  Comment 
The Nikkei Stock Average added 19.64 points, or 0.20% to 9808.99. The Shanghai Composite gained 11.55 points, or 0.36% to 3175.59. The FTSE 100 rose 92.46 points, or 1.80% to 5235.18. The DJ STOXX 600 added 4.68 points, or 1.94% to 245.74.
Mining and financial shares push FTSE to a two week high
guardian.co.uk  5 hrs ago  Comment 
It was a case of rounding up the usual suspects, as miners and financials combined to push the FTSE 100 up nearly 2% to a two week high. A positive mood pervaded the market from the start, following the weekend's news that G20 ministers had...
FTSE flies after G20 pledge on economic stimulus
guardian.co.uk  7 hrs ago  Comment 
Leading shares are heading for their highest close for two weeks after the G20 meeting over the weekend agreed to keep economic stimulus in place until a recovery was assured. This renewed investors' appetite for risk, with banks and miners both...
Cost cutting boosts engineering group IMI
guardian.co.uk  12 hrs ago  Comment 
Making air conditioning equipment and drinks dispensers may not be the most glamorous of businesses, but it is paying dividends for IMI. The engineering group's shares have jumped 51.2p to 511p - an 11% gain making it the top riser in the FTSE...
Commodities, banks lift FTSE; up for 4th session
Reuters  Nov 9  Comment 
Britain's leading share index rose 1 percent on Monday, up for the fourth consecutive session, led by heavyweight banks, miners and oils with risk aversion supported as the Group of 20 pledged to keep the aid flowing.
Record gold price boosts FTSE
Times Online  Nov 9  Comment 
A record high in the price of gold sent mining stocks surging and helped the FTSE continue its upward trend.
Insurers help FTSE 100 make gains
Financial Times  Nov 9  Comment 
London's benchmark index closed back over 5,200 points, helped by strong insurance stocks after upbeat broker comment on the companies best placed to benefit from exposure to developing markets
Sino Hua-An rebound set to pick up pace
Business Times - Malaysia  Nov 8  Comment 
SHARE prices on Bursa Malaysia rebounded within the post-Budget consolidation window last week. The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) continued to stay above its critical support of 1,250 points when it closed at 1,260.70...
Data Points: Asia & Europe
Wall Street Journal  Nov 6  Comment 
This week, the Nikkei Stock Average dropped 245.39 points, or 2.45%, the Shanghai Composite jumped 168.19 points, or 5.61%, the FTSE 100 rose 98.17 points, or 1.95% and the DJ STOXX 600 added 4.13 points, or 1.74% to 241.06.
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 This article describes an index that measures the performance of an exchange, industry or a geographic region. View articles referencing this index.
 
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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
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