FTSE 100 Extends Trading Above 6,000 To 12 Days
The FTSE 100 index today extended trading above 6,000 to twelve days, the longest consecutive run of sessions above the 6,000 mark since 2008.
The blue-chip index breached 6,000 at the start of the year, after American politicians agreed a last-minute deal to avoid the so-called 'fiscal cliff'.
Positive regulatory news from the banking sector, corporate speculation surrounding Vodafone -- plus a lack of even worse economic news from home and abroad -- have all helped encourage share buyers to push the index higher.
Indeed, this year's twelve-day run surpasses the eleven consecutive days the FTSE 100 spent above 6,000 during February 2011.
The next FTSE 6,000 milestone is scheduled for 14 February, at which point the index may have achieved 32 straight sessions above 6,000. The index traded above 6,000 for 31 consecutive days throughout late April, May and early June during 2008.
The FTSE's longest stints above 6,000 occurred during both 2000 and 2007, when the index started with a 6 for more than 200 straight days.
And the FTSE 100 still has some way to go to ensure 6,000 plays a greater part within the index's history. Since the benchmark breached 6,000 at the start to April 1998, it has spent 977 days above 6,000 versus 1,018 days below 5,000.
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