Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



3 FTSE Shares Hitting New Highs

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

LONDON -- The FTSE 100 (FTSEINDICES: ^FTSE  ) didn't manage to beat its 52-week high of 5,989 points before Christmas, but it broke that barrier on Dec. 27 to hit an intraday peak of 5,997 points. And today the index of top U.K. stocks has smashed through the 6,000 level, standing at 6,042 as of 10 a.m. EST, up 2.4% on the day.

Fools, of course, know that levels like 6,000 are pretty meaningless, as the actual number is just the result of a somewhat arbitrary calculation. It's individual companies that really matter, and a number of those are also hitting new highs today. Here are three.

HSBC shares have climbed around 30% since their low point during the summer, as the "pariah" ranking of banks is finally being cast off. The price currently stands at 666 pence, up 3% on the day, which is well above the prior 52-week high.

The outlook for HSBC looks pretty decent, too, with a 4% dividend forecast by the City for the year to December 2012, rising to 4.5% for 2013. Results for 2012 are due in March.

Bovis Homes (LSE: BVS  )
Bovis Homes is benefiting from the recovery in the homebuilding business, with shares hitting a new high of 584 pence today. That's up 46% from their 52-week low of 399 pence set in June and nearly 80% up from the 326 pence low set in August 2011.

There's no real return to dividends expected yet from Bovis, but analysts are forecasting strong earnings growth for the year just ended and for 2013. We should have a trading update later this month, with 2012 results expected in February.

Associated British Foods (LSE: ABF  )
Associated British Foods had a very good 2012, with its shares gaining 40% during the year. And today the price has regained its 52-week high of 1,586 pence, previously reached on Dec. 28. If you had bought shares back in March 2009 during the recessionary depths, you'd now be sitting on a 2.5-fold gain, which is pretty good for a player in such a relatively dull but essential business.

The shares do look highly valued right now, mind, on a forward price-to-earnings ratio of nearly 17 for the year to September 2013.

Daily gains from shares can all play their part in making you your first million. But the real secret to becoming rich from shares is simple long-term investing in fundamentally sound companies and letting steady growth and dividends power your wealth upward. If you don't think making a million is feasible, read The Motley Fool's report "10 Steps To Making A Million In The Market" and see if you change your mind. The report won't cost you a penny, so click here to have a copy delivered to your inbox while it's still available.

Read/Post Comments (0) | Recommend This Article (3)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2175054, ~/Articles/ArticleHandler.aspx, 9/28/2016 10:32:44 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,249.26 20.96 0.11%
S&P 500 2,159.93 0.00 0.00%
NASD 5,306.04 0.33 0.01%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 10:16 AM
ABF $2595.00 Down -4.00 -0.15%
Associated British… CAPS Rating: No stars
BVS $868.00 Up +22.00 +2.60%
Bovis Homes Group CAPS Rating: No stars
HSBA $574.50 Down -2.60 -0.45%
HSBC Holdings CAPS Rating: No stars
HSBC $37.35 Down -0.24 -0.64%
HSBC Holdings CAPS Rating: **