hit counter

Will FTSE break 7000 in 2014?

Line Spacing+- AFont Size+- Print Forward to a friend Features
Will FTSE break 7000 in 2014?

Special Feature

Halifax Share Dealing finds retail investors expect the FTSE 100 Share Index to breach the significant 7000 barrier this year.

With the FTSE 100 rising more than 14% in 2013 and hitting an eight month peak early in 2014 after a series of positive economic announcements, more than two fifths of investors believe the FTSE 100 will break 7000 this year, according to the latest Halifax Share Dealing Market Tracker.

The survey of active retail investors found investors in positive mood at the beginning of 2014 with 82.4% predicting the FTSE 100 would end 2014 higher than it began.

The positive outlook for the FTSE follows recent forecasts predicting further strong economic growth figures for last the last three months of 2013, allied to official figures showing a decrease in the percentage of the unemployed population to 7.1%.

Damian Stansfield, managing director of Halifax Share Dealing, says:

"There has been a strong rise in employer confidence and this is filtering through the markets. The FTSE ended 2013 strongly and investors are reporting they think this will carry on during 2014.

"In terms of sectors, many investors are still holding energy & mining, and financial services stocks; however both have seen a decrease in terms of investor numbers in the last year. Conversely, consumer services and particularly computers, IT & internet stocks have seen greater numbers of investors holding stocks here."

Despite rising prices and profitability among some of the biggest players, energy & mining firms have seen a degree of negative media coverage in the last year, and the percentage of retail investors holding of energy and mining stocks fell more than 10% in the last 12 months. Similarly, holdings of Financial Services shares were down almost 16% on the year. The biggest year-on-year increases were seen in Computers, IT & Internet stocks (up nearly 18%) and Consumer Services (up nearly 11%).

Looking back and future forecasts

Almost three quarters of investors (73.9%) said the value of their portfolio has increased in the last six months, compared to just 8.3% who say it has decreased and 17.9% who say it's stayed around the same.

Looking ahead at the next six months and 41.9% of investors say they are looking to invest in energy and mining stocks, ahead of the 41.4% who say they are looking to invest in. Computers, IT & Internet shares and the 40.1% planning to invest in financial services stocks.

No Comments

This Article Has No Comments Yet

But You can be first to leave a comment

Latest Comments

Profit for the quarter came in at £896m, compared to a loss last year, helped by a reduction in bad debt. Investors will be pleased to hear the bank continues with its cost cutting and is on track to achieve...

view article

Revenues in the second half were 1% lower than the first half which suggests that the operating trends in the business still remain challenging. However, the key focus is now on the new strategy that management...

view article

...the sands are shifting in the first-time buyer market. Loan-to-income caps announced in June have added further restrictions for lenders to factor in, on top of the tranche of regulations implemented...

view article
Freelancer Financials
Freelancer Financials 29 Oct 2014

This is great news. We'll definitely be pushing this out to our contractor clients. Another major advantage is its policy not to discriminate between IT and non IT professionals. Instead, they are open...

view article

In The Spotlight

Jeremy Duncombe, Director of Mortgages at Legal & General

Financial Reporter spoke to Jeremy Duncombe, Director of Mortgages at Legal & General, about how brokers should 'never' pick a lender based on proc fees and opportunities for remortgage. Read more

Features

Is there a difference between bridging finance and short term lending?

[SPECIAL FEATURE: Keith Aldridge, Managing Director, Capital Bridging Finance Limited] Read more

Latest Tweets

Subscribe Our Mailing List