2009 FTSE Week 11 Results

Mon 23rd March 2009

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FTSE Wk 11 2009.pdf
The story is much the same as last week with the FTSE making a modest gain of 89 points at 3843. Again banks, insurance and mining led the way, Barclays by over 40%. Have we bottomed out that is the question?

With only one week to go Brian Merrett looks to be in an unassailable position at the top of our leader board. Although, Australia's Foreign Investment Review Board (FIRB) has extended its decision on Chinalco's investment in Rio Tinto by three months. In other words the deal has not yet been officially approved. Their share price gave up 2.4% during the week. Derrick Marks has held on to his second spot but Veronica has slipped down the board and let Ken Cowe into third place with Dave Riddell close on his heels. We are now back to more respectable 21 competitors who have held on to their original investment or better.

The battle for the booby prize looks as if it will end in a dead heat. If that is the case there will be a separate draw will take place to determine the winner and loser of the bottle of fine Scottish malt whisky.

While the FTSE 100 made progress this week the same cannot be said for "Stirling" which again has slipped back against the Euro.

What will next week bring?