While the FTSE 100's performance has lagged that of most peers for some time, market analysts say there is every reason to believe the index can push on from here barring further economic shocks.
The FTSE 100 has ended a long wait to achieve a new record high. The index, which comprises the 100 most valuable companies on the London Stock Exchange, closed Monday's session on 8,023 points following a jump of 128 points or 1.6%. That was the highest closing sum since February last year when the 8,000 barrier was breached for the first time in its history. The previous record stood at 8,012.
The FTSE has largely lagged growth among its rivals since Brexit and was tamed by a succession of economic shocks but has been reclaiming some ground this year due to perceived low valuations versus competing stocks overseas. Its lack of technology companies - which have tended to perform best globally since the pandemic - has been another factor behind the FTSE's malaise. Trading hubs also point to a competitive disadvantage through a 0.5% transaction tax on share purchases in UK firms.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hoppip 100% perfect IV stats, shiny Jumpluff in Pokémon GoLottie Lynn is Eurogamer's Guides Editor. She likes exploring new games and still has nightmares about the moon from Majora's Mask.
Read more »
100 anti-abortion protestors outside Glasgow hospital accused of repeated harassmentIt is believed that around 100 members of 40 Days for Life stood outside the maternity unit of the Queen Elizabeth University Hospital on Sunday as they closed in on the end of the campaign.
Read more »
Reporter tells Leeds United to hit 'essential' 100 points tally amid transfer updatesLatest Leeds United news and rumours as a new week begins
Read more »
Israel ‘offers to release 800 Palestinian prisoners’ including 100 murderers in deal with Hamas to release...Excerpt from BBC report on Israeli forces ‘abuse’ in Gaza hosiital
Read more »
England will return 'stronger' - Packer proud of 100 capsEngland will 'come back stronger' after winning their opening Women's Six Nations game against Italy, says captain Marlie Packer.
Read more »
I saw Amanda Holden trying viral Bruce cake and drove 100 miles to get a sliceThe Bruce cake by Get Baked in Headingley has become an online sensation
Read more »