FTSE sheds 1.3% to end worst quarter since 2002

clock

The FTSE 100 has closed down 1.3% bringing a total loss for the quarter to 13.7%, its worst performance for nine years.

The index dropped 68 points today to close just shy of 5,129 points. The quarterly performance is worse than the sell-offs seen over the course of 2008 and the first three months of 2009. During that period, the FTSE 100's worst quarter saw it drop 12.9% in the three months to 30 September 2008. The last time it dropped further over a quarter was in 2002, when the blue chip index shed 20% between July and September. Total trading volumes for the current quarter are an average 25% lower than volumes seen in 2008, however, according to data from Thomson Reuters. Markets around ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why the lead-up to the Budget may have been worse than the Budget itself

Why the lead-up to the Budget may have been worse than the Budget itself

What Rachel Reeves and Dr Evil have in common

Laith Khalaf
clock 13 November 2024 • 4 min read
Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 2 min read
'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read