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FTSE, Dow, etc...

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jamesy boy | 22:13 Mon 16th Oct 2006 | Business & Finance
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What does it mean when they say, " the FTSE is at a high of 6140"
6140 what?
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Avatar Image BenDToy
It is an "index" and there isn't really any units. It is just a measure of the value of the companies, compared to a base figure of 100 at some arbitary point in time. I am sure there is a detailed explanation somewhere, but hopefully this gives some idea.
00:46 Tue 17th Oct 2006

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