New research has shown that two fifths of investors expect the FTSE 100 to break the 7000 points barrier this year. Investors are clearly in optimistic mood this year, with 82.4% expecting the FTSE 100 to end 2014 higher than it began.
Damian Stansfield, managing director of Halifax Share Dealing, says: “There has been a strong rise in employer confidence and this is filtering through the markets. The FTSE ended 2013 strongly and investors are reporting they think this will carry on during 2014.
“In terms of sectors, many investors are still holding energy & mining, and financial services stocks; however both have seen a decrease in terms of investor numbers in the last year. Conversely, consumer services and particularly computers, IT & internet stocks have seen greater numbers of investors holding stocks here.”