250 reasons to celebrate.
INVESTORS were celebrating yesterday after the FTSE 250 Index The FTSE 250 Index is a capitalisation-weighted index of 250 companies on the London Stock Exchange. They are selected quarterly as being the 101st to 350th largest companies with their primary listing on the exchange. broke through the 10,000 barrier for the first time.
The index contains the largest 250 companies in the UK after the more commonly quoted top 100.
Busy buying activity, high oil and metal prices and stronger economic growth have pushed up both index limits and helped the FTSE FTSE
A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times.
The FTSE is similar to Standard & Poor's in the United States. 250 to hit 10,013.7. It later settled to close at 9997.6, up 30.7.
Analysts argue another factor is the broader spectrum of companies in the 250 index as more than half of the Footsie 100 is dominated by oil firms, banks and telecoms alone.
In addition, while the FTSE 100 is affected by what happens overseas, especially the US, the 250 remains largely unmoved.
A number of 250 firms are the subject of ongoing buy-out battles, pushing their share prices higher.
The London Stock Exchange London Stock Exchange
London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. , which has rejected successive takeover bids, has been one of the best performers with value of its stock doubling this year.