The Motley Fool Previous Page

3 FTSE 100 Shares Flirting With 52-Week Lows

Maynard Paton
January 8, 2013

LONDON -- The FTSE 100 (INDEX: ^FTSE) has started 2013 in fine form, with last week witnessing no fewer than three consecutive 52-week highs from the blue-chip index. Indeed, the peak of 6,090 achieved on Friday was the FTSE's highest level since February 2011.

Yesterday, however, the index dropped 26 points following a bout of profit-taking. Today, the market climbed slipped a further 11 points as the day's corporate news failed to spark much attention.

Of course, not every blue-chip name has been pulled higher by the FTSE blasting through 6,000. Here are three large caps whose share prices have languished of late and are currently flirting with their respective 52-week lows.

The shares of BG demonstrate how it can often pay to be patient when trying to catch a "falling knife." The gas major stunned investors during October when it admitted that production growth would be just 3% during 2012 and flat during 2013 -- well below the 6% to 8% projections the firm had previously forecast.

BG shares, which peaked at 1,554 pence last year, lost 20% on the day of the warning and currently trade around 1,032 pence. The recent low is 991 pence.<