What is the difference between points and bid price relating to FTSE 100 shares?

I want to watch how my Stock & Share ISA is doing but my ISA displays my investment as number of shares times by bid price (approx 拢1.35) but online sites show the FTSE 100 as points i.e. 6,544.10. What is the difference and how can I convert between the two.

In the future I intend to watch my investments using m$ money and this also imports market values as points.

I assume you have a FTSE100 'Index Tracker' in your ISA ?

The Tracker fund purchases actual shares, whilst the FTSE is a measure of the value of those shares .. IF the Tracker is doing it's job correctly, then the Tracker price should 'track' the FTSE (so if the Tracker is priced at 1.35 and the FTSE is 6544, then every FTSE 'point' is worth 0.02p) ...

Thus, if the FTSE goes up 100 points, your Tracker price should go up by 2p ... and so on.

(actually it's a tiny bit more complicated than that - the Fund Managers take their Management Charges out of the Fund - so that reduces the price a bit - and the Shares pay dividends - so that increases the price a bit).

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http://www.tutorialforyou.net/investing/

wish it will help you.

Good Luck , Best Wishes!