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FTSE 100 closes higher on Monday

Xinhua, January 27, 2015 Adjust font size:

FTSE 100 Index, British benchmark stock market gauge, Monday increased by 0.29 percent, or 19.57 points, to 6,852.40.

The London stock index rose on Monday despite Greece's vote results raised fresh concerns of instability in Europe.

Greek leftist party Syriza celebrated a "historic victory" as results of Sunday's general elections showed the party in the lead with a comfortable margin.

Syriza promised to roll back austerity measures, putting Athens on a collision course with international lenders.

Besides, the Ifo Business Climate Index for industry and trade in Germany rose for the third consecutive month from 105.5 points in December 2014 to 106.7 points in January 2015, the Ifo institute reported on Monday.

BG Group's share price increased by 2.90 percent, topped the gainers of the blue chips. International Consolidated Airlines Group SA, Mondi, Royal Mail and Ashtead Group increased by 2.43 percent, 2.43 percent, 2.34 percent and 2.29 percent percent respectively.

Coca-Cola HBC AG led the top losers of the blue chips with a share price drop of 3.24 percent, followed by Tesco (2.25 percent), Babcock International Group (1.80 percent), BAE Systems (1.35 percent) and BT Group (1.18 percent).

The index has gained 4.47 percent so far this year when measured in U.S. dollar. Endit