Readers will recall that last year we offered a case of champagne for the person who could best predict where the FinanceAsia 100 blue chip index would end 2004. We received a wide range of entries by email, with the most bearish forecasting 975 and the most bullish forecasting 1818.
We specified that December 17 would be our closing date for the competition and the index closed on that date at 1,279. Congratulations go to Alastair Macdonald, the head of research at Finansa in Thailand, who predicted the index would finish the year at 1280 and beat the next nearest forecast of 1284. He wins a case of champagne.
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