Why is the FTSE 100 important?

€¢ It is seen as an indicator of success of the British economy. €¢ The FTSE 100 is arguably the leading share index in Europe. €¢ It is rumoured to account for around 80% of the UK share market.

Interesting Facts: • It first traded on the 3rd January 1984 • The constituents of the index are reviewed on a quarterly basis and the current threshold for promotion into the FTSE 100 is around £2 billion market capitalisation. €¢ The FTSE 100 is run and maintained by the FTSE Group but was originally set up as a joint venture between the Financial Times and the London Stock Exchange. This led to the abbreviation FTSE which stands for Financial Times Stock Exchange.

€¢ FTSE is pronounced footsie • The FTSE 100 has trading times of 0800 – 1629 with the closing values being recorded at 1635. €¢ It’s highest ever value (at time of writing) was 6950.6 and was set on December 30, 1999. More.

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