FTSE 100 Competition Final Results
At the conclusion of our FTSE 100 competition The Piper is our winner
The market bounced back from a bruising end to the previous week but failed to make up all of the ground lost in the panic sparked by the Omicron Covid variant. The FTSE 100 closed up on Monday by 65.92 points.
On Tuesday it pushed below the 7,000-point mark for the first time in almost two months. Travel shares continued to struggle as worries over a new strain of the Covid-19 virus continued. The FTSE hit as low as 6,990 points, but recovered and ended the day at 7059.45.
JD Sports shares dropped 80% in value, after the company decided to split each share into five pieces. So while the per share value of JD dropped significantly, the company’s overall value stayed the same, more or less. JD Sports market share price fell from 1102p on Friday to 222.9p, creating huge losses for 5 participants. The simplest and fairest way fix was to revalue the shares to .025p, so the closing market price for the competition is shown as 1114.5p = 222.9 X 5.
45 of the 100 shares made positive movements over Monday and Tuesday.
Best shares over last two days
1. BHP Group plc up 5.3%
2. Anglo American up 5.2%
3. BTGroup up 4.5%
4. Aviva plc up 3.8%
5. BP plc up 2.5%
6. Taylor Wimpey plc up 2.4%
Poorest performers over last two days
1. Just Eat Takeaway down 7.3%
2. Hargreaves Lansdown down 5.9%
3. Sainsbury’s down 5.8%
4. London Stock Exchange down 5.1%
5. Entain plc down 3.2%
6. International Consolidated Airlines down 3.2%
A file is linked below showing the performance of all the shares over the last three months to show you what your crystal ball would have revealed.
Share_Performance_Sept_to_Nov_2021.pdf
In the final stage of our competition MacScot2 was the last greatest mover up 10 places to finish in 52nd. Joni and Monster Meg both gained nine places.
Bullish Boris lost 13 places in the last two trading days with Stephanie Blackden, kenco and Sammy The Tammy also making double digit place drops but that did not affect the leaders. The final two days did nothing to affect their positions.
Congratulations to The Piper our winner who extended his advantage to win with a total gain of £2902. Our top six competitors did not change over the last two trading days of the competition. Second went to long time leader Douglas S (+£1421), third was Ken Mackay (+£1144) and fourth Locin Trauts (+£1133).
On 1st September 2021 the FTSE opened at 7149.34 and it closed on 30th November at 7059.45 so well done to the 14 of our 76 entrants who made gains over the three months of our competition. Our winner collects a prize of £250, second £150, third £75 and fourth £25.
At the other end of the leaderboard, Jim Aitken ensured the wooden spoon and the prize of a bottle of malt whisky having increased his total loss to £7639.
Thank you to everyone who has taken part in this fundraiser. With donations added in we would hope to clear in excess of £500 for this painless and hopefully entertaining exercise.
