The mid-cap index closed at 23,037 on 9 January, its first close above 23,000, confirming that the domestic side of the market was moving with the blue chips (FTSE Russell closing values).
Resolves YES if the official FTSE 250 closing value published by FTSE Russell is above 23,000.00 on any trading day on or before 3 February 2026. Same fallbacks.
Three of four earlier milestones were lost within a year. We looked at each time since 1998 that the FTSE 100 first passed a new thousand-point level. We asked whether it closed back below that level within a year. Round numbers pull on markets. They bring selling to lock in gains, and they fill the headlines.