Roundup: British stock market surges as conservatives win clean in election

FTSE 100 Index, the British benchmark stock market gauge, Friday climbed sharply by 2.32 percent, or 159.87 points, to 7,046.82 points, as result of a surprisingly market-friendly outcome of the 2015 British general election.

British Conservative Party won the 2015 general election with 331 seats of the House of Commons on Friday, a slender majority.

Meanwhile, leaders of Britain's three parties, including the Labour Party, the Liberal Democrats Party and the UK Independence Party, Friday announced their resignation as the parties' leaders after defeats in the election.

Experts said the general election result is a surprisingly market-friendly outcome, that means a hung parliament was avoided.

"The general election result removes the risk that the economy suffers a prolonged period of political uncertainty," said Vicky Redwood, chief Britain economist of Capital Economics.

Lloyds Banking Group, Royal Bank of Scotland and Barclays increased sharply on Friday. Reports said that was because the threat of Labour's planned policies on the sector dissipated. Labour had said to hit banks with a one-off bonus tax and a higher bank levy.

Housebuilders also had a good performance as the conservatives victory removed Labour's threat of rent ceiling and the Mansion Tax.

Most of companies' share price rose on Friday. Babcock International Group's share price increased by 9.39 percent, topped the gainers of the blue chips. Centrica, St James's Place, Barratt Developments and Capita increased by 8.08 percent, 7.24 percent, 7.12 percent and 6.72 percent respectively.

Only two companies' share dropped. Glencore lost 0.25 percent, followed by Randgold Resources Ltd (0.23 percent).

The index has gained 9.06 percent so far this year when measured in U.S. dollar. Endit