The UK 100 (FTSE) Index represents the 100 leading companies in the UK listed on the London Stock Exchange. It includes the companies with the highest capitalisation on the market.Launched on December 30, 1983, the FTSE 100 index comprises 81% of full market capitalisation and is often used as the UK stock market indicator.The index is provided and analysed by the FTSE Group, a subsidiary of the London Stock exchange. The FTSE is calculated each day with the start of the market and is updated in real time every 15 seconds.
While the Magnificent Seven have dominated market momentum in recent months, it’s not true that they are the sole drivers of the recent rally in equity markets.