FTSE 100 Index nears £10,500 thanks to these blue-chip shares

The FTSE 100 Index continued its strong bull run and is slowly approaching the important milestone of £10,500 as most companies continued soaring. It has soared in the last two consecutive weeks and is now sitting at a record high. It has soared by almost 40% from its lowest level in April 2025.

Top FTSE 100 Index shares have soared this year 

The FTSE 100 Index has been in a strong uptrend this year, helped by the strong performance of mining companies and those in other areas.

Beazley stock price jumped by over 46% this year, making it the best-performing company in the FTSE 100 Index. It has jumped because of the recent buyout by Zurich, a top Swiss insurance giant.

Mining companies like Glencoe, Rio Tinto, Anglo American, Endeavor Mining, and Antofagasta are among the best-performing companies in the index this year.

These companies have soared because of the ongoing commodity supercycle that has pushed top assets like copper, gold, and silver to record highs this year.

Glencore and Rio Tinto shares have jumped even after the two companies ended their mega merger after disagreeing on price and future management.

Coca-Cola share price jumped by 20% this year, continuing an uptrend that has been going on for years. The company published strong financial results earlier this week as demand for its products soared.

The other top gainers in the FTSE 100 Index this year were companies like Marks and Spencer, GSK, National Grid, Vodafone, and Centrica.

On the other hand, most of the top laggards in the FTSE 100 Index has been because of the ongoing fear that artificial intelligence will disrupt some major industries. RELX, a company offering information-based analytics and decision tools for professional and business professionals, has crashed by 33% this year. 

Experian, Sage Group, and the London Stock Exchange have dropped by over 18% as concerns emerge that some AI tools will disrupt the information and software industry. Still, as we wrote on this report on St. James Place, there are signs that this fear is overblown. This explains why Elliot Management has accumulated a strong stake in LSEG.

Entain, the parent company of Bwin, Ladbrokes, and Coral, has crashed by over 22% this year, mirroring the performance of other companies in the betting industry like Flutter and DraftKings as concerns about disruption by the prediction markets.

The FTSE 100 Index has done well because of the ongoing corporate earnings, which have been relatively strong. Some of the top companies that published strong numbers were Lloyds, Barclays, and AstraZeneca.

Footsie 100 Index technical analysis 

The weekly timeframe chart shows that the FTSE 100 Index has done well in the past few months and is now hovering at its all-time high. It has remained above all moving averages and the ascending trendline that connects the lowest swings since June last year.

The index has moved above the Supertrend indicator, while the Percentage Price Oscillator (PPO) has remained above the zero line since May last year.

Also, the Relative Strength Index (RSI) has continued rising, while the Supertrend indicator has remained in the green zone.

Therefore, the index will likely continue rising as bulls target the next key target level at £11,000.  This view will be confirmed if it moves above the key resistance level at £10,500.

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