2013 FTSE Week Three Results

Wed 30th January 2013

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Results 2013 FTSE WK 3.pdf No change at the top of the table although there are a number of changes lower down.

Despite the bleak news on the British economy, the FTSE continued on its way upwards finishing at 6284 some 130 points up for the week and 359 since the competition started approximately four weeks ago. The increase represents a rise of just over 6%. It is pleasing to note that just under half of our competitors [36] have beaten the market rise which is a very creditable performance.

There have been a number of good company performances but were not confined to one sector: Randgold Resources Ltd, Standard Life PLC & BT group PLC all advanced by more than 10% in the week. In addition B SKY B, Johnson Matthey PLC, Capital Shopping Centres, Reckitt Benckiser Group PLC & Unilever PLC all made headway by more than 5%.

Of course there were some losers, notably: Rexam PLC, CRH PLC [which may have been profit taking] & Wm Morrison Supermarkets who shed between 6 and 10%.

It was quite an interesting week if not a little surprising given the fall in the GDP. Whether the FTSE can continue its upward trend against the gloomy UK economic news is another matter.

Regards

Cliff MacKenzie
FTSE 100 organiser
RC of West Fife