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FTSE 100 closes higher on Tuesday

Xinhua, January 21, 2015 Adjust font size:

FTSE 100 Index, British benchmark stock market gauge, Tuesday increased by 0.52 percent, or 34.57 points, to 6,620.10.

London stock rose on Tuesday as the better-than-expected growth figures from China offset the International Monetary Fund's downgrade.

China's gross domestic product (GDP) grew 7.4 percent in 2014, better than market's expectation, data from China's National Bureau of Statistics (NBS) showed on Tuesday.

The IMF lowered its global economic growth forecast to 3.5 percent and 3.7 percent for 2015 and 2016 respectively.

Fresnillo's share price increased by 4.00 percent, topped the gainers of the blue chips. Glencore, Sports Direct International, Royal Bank of Scotland and Anglo American increased by 3.94 percent, 3.68 percent, 3.12 percent and 2.94 percent percent respectively.

Coca-Cola HBC AG led the top losers of the blue chips with a share price drop of 5.79 percent, followed by Admiral Group (2.48 percent), Associated British Foods (2.02 percent), Barratt Developments (1.43 percent) and Weir Group (1.30 percent).

The index has gained 0.89 percent so far this year when measured in U.S. dollar. Endit