2006-10-17 09:20:49 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
There is no maximum limit to the FTSE 100 because if the stocks it contains go up so does the index. The index is made up from the 100 most highly capitalized companies traded on the London Stock Exchange. The equities or stocks are weighted depending on how easy/difficult it is to invest in them.
The index was developed with a base level of 1000 on January 3, 1984 - it's highest close since then was 6930.20 on 30th Dec 1999 but it closed as low as 3287 on 12th March 2003, it is now back at 6108 (todays close) so as you see it moves substantially over time.
It could be 8,000 in two years time or back down to 5,000 depending on what the stocks in the index do (plus they change every quarter depending on their market capitalization)
The general idea of investing in stocks or index tracker funds is that over a long period of time ie 20 yrs stocks generally outperform having cash in a bank account ... no guarantees though so always research any potential investments very carefully
2006-10-17 14:46:37 · answer #1 · answered by Mari C 3 · 0⤊ 0⤋
There is no maximum just psychological barriers - every time it gets near a numerically significant point the market gets bullish - wait until it starts getting near the 10,000 mark - but at 9,500!
2006-10-17 16:26:28 · answer #2 · answered by Mike10613 6 · 0⤊ 0⤋
Not sure what the all-time high is but it reached 6861 on 29/12/1999.
2006-10-17 16:33:58 · answer #3 · answered by Mogseye 3 · 0⤊ 0⤋
The all-time high for the FTSE100, of 6,930.2, came on 30 December 1999.
2006-10-17 17:10:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋