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FTSE 100 Index (FTSE)

QUOTE AND NEWS
Car sales drive five-year high closer
Financial Times  11 hrs ago  Comment 
The FTSE Eurofirst 300 benchmark advances 1.2 per cent to 1,248.18 over the week, with Renault, Peugeot and Fiat all leading Friday’s charge
FTSE tests 2007 peaks with Marks & Spencer in demand ahead of results
guardian.co.uk  May 17  Comment 
Retailer buoyed by fashion collection, while leading shares resume recent positive run Marks & Spencer was in fashion last week after its autumn-winter collection and news of a cutback in suppliers were well received by analysts and...
Key index falls 0.09pc
Business Times - Malaysia  May 17  Comment 
THE benchmark FTSE Straits Times Index retreated 0.09 per cent, or 2.98 points, to 3,449.30 yesterday. The FTSE ST Mid Cap Index gained 0.03 per cent while the FTSE ST Small Cap Index gained 0.41 per cent. Singapore Airlines dropped 4.54...
FTSE All-World Ex-Us (VEU) Trading Near $48.13 Support Level
Market Intelligence Center  May 17  Comment 
FTSE All-World Ex-Us (AMEX: VEU) closed Thursday's trading session at $48.40. In the past year, the ETF has hit a 52-week low of $37.54 and 52-week high of $49.04. FTSE All-World Ex-Us (VEU) has been showing support around $48.13 and resistance in...
FTSE EPRA/NAREIT Real Estate Indices Surpass $10Bn In ETF-Linked AUM
Mondo Visione  May 17  Comment 
Leading global real estate indices hit landmark AuM Continuous innovation to the index series Successful 8 year partnership  between FTSE and EPRA/NAREIT FTSE Group (“FTSE”), the global index provider, is pleased to announce that...
RBS leads the FTSE 100 risers
Financial Times  May 17  Comment 
Royal Bank of Scotlandl ed the blue-chip risers as financial stocks helped pull the FTSE 100 to within touching distance of its 13-year high
FTSE, Dax and Eurostoxx
FX Street  May 17  Comment 
Dax June contract SUPPORT: 8344pp 8315 8301 8257 8225/17.5 8162.5 8138.5 8106 8089 8029 RESISTANCE:... For more information, read our latest forex news and reports.
Japan Exchange Tops League Table For Third Consecutive Month - FTSE Mondo Visione Exchanges Index Up Two Per Cent In April
Mondo Visione  May 17  Comment 
Japan Exchange, listed on the FTSE Mondo Visione Exchanges Index in February, has topped the Index for the third consecutive month, signalling strong performance in share price value and one to watch as the Japan economy shows signs of...
Aviva shares boosted by Asian growth
Financial Times  May 16  Comment 
Insurer leads FTSE 100 to highest level since October 2007, with defensive sectors such as telecoms and food retailers leading the way
FTSE, Dax and Eurostoxx
FX Street  May 16  Comment 
Dax June contract SUPPORT: 8346.5pp 8315 8257 8225/17.5 8162.5 8138.5 8106 8089 8029 7980.5... For more information, read our latest forex news and reports.




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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.
 
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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]
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