Marketing And Selling

s more commonly known as FT SE 100 index. With the Stock Exchange's usual penchant for silly terms, it has also become known as 'Footsie'.

The index was introduced in February 2024 (at a base of 1000) to indicate the movement of the one hundred largest companies (measured by market capitalisation) regardless of the nature of their business. Channel 4 News variously describes the index as 'broader based'and 'more representative'than the 30-share index. The first description is correct, the second is not.

Apart from using more companies and making these simply the largest companies rather than choosing a representative selection, one of the main advantages of this index is that it is updated on a minute-to-minute basis, thus effectively providing a continuous index during trading hours.

Apart from the differences stated, this index is calculated in the same way as the 30-share index.

Financial Times Actuaries Share Indices

As different sectors of the economy will perform differently, the listed companies are classified under generic headings and sub-headings.

The main headings are known as equity groups, and the sub-headings are known as sub-equity groups. They are:

1 capital goods, comprising:

2 building materials

3 contracting, construction etc

4 electricals

5 electronics

6 mechanical engineering

8 metals and metal forming

9 motors

10 other industrial materials

21 consumer groups, comprising: 22 brewers and distillers

25 food manufacturing

26 food retailing

27 health and household products 29 leisure

31 packaging and paper

32 publishing and printing

34 stores

35 textiles

40 other groups, comprising:

41 agencies

42 chemicals

43 conglomerates

45 shipping and transport

47 telephone networks

48 miscellaneous

This list is then itself summarised as '49 Industrial group'. Another equity sub-group is '51 oil and gas', which, when added to 'industrial group'gives the 500-share index.

There is also '61 Financial group'which comprises: 62 banks, 65 insurance (life)

66 insurance (composite), 67 insurance (brokers), 68 merchant banks, 69 property, 70 other financial, 71 investment trusts 81 mining finance 91 overseas traders.

All these are summarised as the all

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