How it is worked out
The market is split into eleven sectors. A sector's move is the average of its companies, each weighted by its value.
How to read it
- Companies in one sector are usually moved by the same events, so they are compared with each other.
- Figures differ a lot between sectors: a margin or a P/E that is normal in one is unusual in another.
Example
Exxon and Chevron are in energy, Apple and Microsoft in technology.