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As 2024 draws to a close, the FTSE 100 index, representing the UK’s 100 largest companies, has been marked by significant volatility, reflecting broader economic uncertainties and sector-specific challenges.
From upbeat trading days to a severe dip, the UK’s premier stock index has seen fluctuating performances, leaving investors and analysts alike wondering what lies ahead for the market.
A Mixed December for the FTSE 100
December has proven to be a month of mixed fortunes for the FTSE 100. The index closed at 8,136.99 points on December 24, marking a 0.4% increase.
This came despite a downturn in the property sector, where housebuilder Vistry saw a sharp 16.3% drop in shares following a third profit warning. However, the market found strength in several large-cap companies such as Airtel Africa, Marks and Spencer, Tesco, and Next, which helped drive the index higher.
This positive momentum, however, was…
