FTSE 100 edges higher

Index shows slight gain at 15:42 LSE

FTSE 100 ends session higher

The FTSE 100 gained ground in LSE trading at 15:42.

The index ended the session higher, posting a gain of 0.37% or 29.96 points to 8233.89.

FTSE 100 sees lowest P/E ratio

According to FactSet, the FTSE 100's lowest price-to-earnings (P/E) ratio in 2024 is expected to be 8.4x, indicating a potential undervaluation of the index.

The FTSE 100 closed at 8203.93 points on the previous trading day, July 5, 2024.

FTSE 100's performance

The FTSE 100, the benchmark index of the UK stock market, has exhibited a volatile performance over the past year.

One month ago, the index closed at 8079.32 points, showing a loss of 1.89% since the previous month's close. However, the index has recovered some of its losses since then.

Three months ago, on April 4, 2024, the FTSE 100 stood at 7975.89 points.

The index's recent rise suggests a positive outlook for the UK stock market, with investors potentially seeking opportunities in undervalued sectors.