Wednesday, 13 January 2010

FTSE 100 closes below 5500 again- FTSE 100 Close January 13th

The FTSE 100 seems to be on a downward spiral after doing so well at the end of 2009. Today, January 13th 2010 the FTSE 100 closed at 5473, after falling from its open of 5499. Before 10am the FTSE 100 did see a high of 5510, but by lunchtime the index price had moved to 5480. The FTSE 100 did see a rally moving to 5490 but after 3pm it dipped dramatically to 5455 before finishing up at 5473.

FTSE 100 constituents Royal Bank of Scotland and Schroders were amongst the top risers in the FTSE 100, whilst Randgold Resources and London Stock Exchange were top fallers. One does wonder whether the FTSE 100 will recover and test recent highs of 5550, although 22 points off ex dividend price does not help.

I have started online spread betting and yesterday I did gain 15 points on the FTSE 100, however today I waited for a signal and decided not to spread bet. Hoping that tomorrow or friday presents more opportunities for ftse 100 spread betting. I guess I am waiting for another bullish or bearish sign.

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