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What do points actually mean on the FTSE 100?

Is it correct that the term 'point' effectively means one pound in relation to the FTSE 100? eg if the index falls by 20 points - it means the collective value of all companies stock has fallen by 20 pounds?

theforce Fri 10/10/08 08:44

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mischief121
Fri 10/10/08
08:52

points make prizes

factor30
Fri 10/10/08
08:53

It's an index measuring the price of a basket of shares of the top 100 companies. The percentage fall is a better measure of teh size of any reduction/increase. Or look at the individual share prices.

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