In a post last week which I called Create your own FTSE tracker, I talked about buying one share in each of the FTSE100 Companies.
I didn’t think this would be cheap, but a quick scan down the share price pages of the Sunday papers told me this might be more expensive exercise that expected…
The FTSE100 has closed down just over 1% to end the week at 5040.76 after spending some of the day below the 5000 level.
Autonomy was the outstanding winner today, up over 70% as the market digests the news that it has agreed to be bought by US giant Hewlett Packard. The biggest purchase of a FTSE100 company since Kraft took over Cadbury.
Another day, another wild swing on the FTSE100. First it was up, then it was down, then it was up again. The difference between the low today and the high was around 200 points.
As I said in a previous post, I hope you day traders are having fun in this market.
The FTSE100 finished the day up 155.67 (3.11%) at 5162.83.
The FTSE250 closed up 2.52% (248.78 points) at 10139.74
Well we all sighed with relief last night when we heard that the Dow Jones closed up nearly 4% or 429.92 points.
Is this the end of the rout we wondered…