FTSE and Leap year: Difference between pages

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__NOTOC__
Leap years are years which contain 366 days, compared with common years which have 365 days.  
A number of indices maintained by the FTSE Group, a subsidiary of the London Stock Exchange.


The FTSE Group started as a joint venture between the Financial Times and the London Stock Exchange.  
The extra day in a leap year is February 29.  




===FTSE 100===
Years divisible by 4 are leap years, with some exceptions.


1. A share index made up of the 100 largest companies on the UK stock market, measured by their equity market [[capitalisation]].
All of the years divisible by 4, between 1904 and 2096 inclusive, were or will be leap years.  


2. The 100 companies themselves.


1900 was not a leap year.


===FTSE 250===
2100, 2200 and 2300 will not be leap years.


1. A share index made up of the next 250 largest companies on the UK stock market, after the top 100.


2. These 250 companies themselves.
The rules for determining leap years are:


* If the year is divisible by 4, it will normally be a leap year.  For example, 2016, 2020 and 2024.
* If it is divisible by 100, it will not normally be a leap year. For example, 2100 and 2200.
* An exception to the exception are years divisible by 400. For this reason, 2000 was a leap year, and 2400 will be one too.


===FTSE 350===


1. A share index made up of the largest 350 companies on the UK stock market.  
The reason for the rules is to approximate the true number of astronomical days in a year, which is 365.24.  


2. The 350 companies themselves.


 
==See also==
== See also ==
[[Effective annual rate]]
* [[Tracker fund]]
* [[Capitalisation]]
* [[MCT]]
* [[S&P 500]]
 
 
===Other links===
*[http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/indices/summary/summary-indices-constituents.html?index=UKX FTSE 100]
*[http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/indices/summary/summary-indices-constituents.html?index=MCX FTSE 250]
*[http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/indices/summary/summary-indices-constituents.html?index=NMX FTSE 350]

Revision as of 17:47, 12 March 2016

Leap years are years which contain 366 days, compared with common years which have 365 days.

The extra day in a leap year is February 29.


Years divisible by 4 are leap years, with some exceptions.

All of the years divisible by 4, between 1904 and 2096 inclusive, were or will be leap years.


1900 was not a leap year.

2100, 2200 and 2300 will not be leap years.


The rules for determining leap years are:

  • If the year is divisible by 4, it will normally be a leap year. For example, 2016, 2020 and 2024.
  • If it is divisible by 100, it will not normally be a leap year. For example, 2100 and 2200.
  • An exception to the exception are years divisible by 400. For this reason, 2000 was a leap year, and 2400 will be one too.


The reason for the rules is to approximate the true number of astronomical days in a year, which is 365.24.


See also

Effective annual rate

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