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Shares rally as FTSE makes record quarterly gain

01 October 2009 / by Rebecca Sargent

The FTSE 100 ended the third quarter of 2009 up 21 per cent on the previous quarter – a new record in the 25 year history of the index.

And, despite a slight fall at the end of trading yesterday, it has not stopped there; the FTSE 100 has continued to rise on opening this morning, and is now above 5,150 again.

Commenting on the quarterly performance, Joshua Raymond, market strategist at City Index said: "It's been a terrific quarterly performance and this has bred confidence that the markets have turned a significant corner.

"The gains have been led by stronger company earnings and an economic picture that continues to show signs that the worst may now be over."

The signs of strength have done wonders for share dealing activity, Mr Raymond adds: "As a result, investor appetite for risk has been high with strong demand for the heavyweight financials and miners, which has helped to push European Indices to new 12 month highs."

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