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 from Property Reporter

North East housing market continues lethargic start to 2015

Welsh government to extend Help to Buy shared equity scheme

Land Registry data shows 6.7% annual house price rise

Stamp duty reform inflates FTB deposits by 15%


Latest from Commercial Reporter

73% of bridging finance brokers expect business to grow this year

Shawbrook announces promotions in commercial team

Core specialist property to account for 20% of all commercial investment by 2020

Ezbob parent aquires commercial lender


Latest Comments

In 2015, the industry needs to be doing even more to support intermediaries faced with having so many familiar lending doors closed to them.

view article

Today's data confirms that house prices are still rising. However, we are still experiencing a two-speed housing market.

view article

When you factor in the boost provided to buyers by wages climbing and inflation slowing, there are strong foundations for a growth in lending in 2015.

view article

Equity release has become a mainstream financial solution, and financial advisers could help spread that message and educate the consumer.

view article

The cost of a combined buildings and contents insurance policy has remained static over the past three months...However, the general view is that prices have reached bottom and will start to rise.

view article

Homeowners are gambling on further reductions or are trapped on their current home loan; possibly because their original product is not compatible with current affordability requirements.

view article

Taking the year as a whole, we saw the highest number of first-time buyers in seven years, illustrating the success of government schemes such as Help to Buy and the willingness of lenders to offer high...

view article
Freelancer Financials
Freelancer Financials 16 Feb 2015

So Tesco has only sold £1bn worth of home loans since it started offering mortgages two and a half years ago. Not much really! So they finally saw the light and realised that they can't do it on their...

view article

Brokers are absolutely vital to the procurement of financing for the UK’s busy SME marketplace.

view article

However, there are still tens of thousands of homeowners being repossessed each year, which begs the question: what will happen when interest rates do start to rise? How will people cope? We suspect that...

view article

Remortgaging is the domain of the intermediary, however it feels like apathy has set in with borrowers and intermediaries, with both appearing to wait for signs of a base rate increase before deciding

view article
Freelancer Financials
Freelancer Financials 10 Feb 2015

Most contractors do not fit Self Employed profiling. I disagree Paul. If this was the case then they wouldn't contact a contractor Mortgage Specialists. Most Limited Company contractors trading accounts...

view article

In The Spotlight

In the Spotlight with Marie Grundy, Managing Director at V Loans

We spoke to Marie Grundy, Managing Director at V Loans, about the regulatory changes in the secured loans market and the role of trade bodies. Read more

Features

Rob Jupp: Specialist lending is no longer a sideshow

In 2015, the lending world is anticipating another year of progress marked by keenly priced product offerings and an almost daily announcement of new lenders. All seems set fair for a further consolidation on the gains of the past three years and to push on to even greater lending heights. Read more

Latest Tweets

Subscribe Our Mailing List