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FTSE 100 soars on hopes of Greece deal

Xinhua, June 23, 2015 Adjust font size:

FTSE 100 Index, the British benchmark stock market gauge, Monday increased substantially by 1.72 percent, or 115.22 points, to 6,825.67, as investors believed European leaders would reach a deal on the Greek debt issue.

Earlier on Monday, Eurogroup president Jeroen Dijsselbloem said the new proposal submitted by Greece is seen a "positive step" in the path to reaching a deal with international creditors and work will start immediately with the aim of reaching a final agreement later in the week.

Severn Trent's share price increased by 5.89 percent, topping the gainers of the day.

Shares of International Consolidated Airlines Group, Carnival, United Utilities Group and Taylor Wimpey advanced by 4.15 percent, 3.79 percent, 3.68 percent and 3.66 percent respectively.

Only four blue chips closed lower Monday. Randgold Resources led the top losers with a share price drop of 1.89 percent, followed by Hikma Pharmaceuticals (1.85 percent), Fresnillo (1.26 percent) and Weir Group (0.34 percent).

Trading volume in FTSE 100 companies was slightly smaller than the 30-day average. Endit