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FTSE 100 edges up on Greece deal hope

Xinhua, June 24, 2015 Adjust font size:

FTSE 100 Index, the British benchmark stock market gauge, Tuesday edged up 0.13 percent, or 9.20 points, to 6934.87 as hopes over Greece debt deal continued to bolster the market.

Pierre Moscovici, the European Union's commissioner for economic affairs, said Tuesday he was convinced that Greece and its international creditors would strike a deal on the country's debt issue.

But he also warned that work remained to be done on the question of value-added tax and pension reform of Greece.

Sports Direct International's share price increased by 3.20 percent, topping the gainers of the blue chips.

Shares of Weir Group, Marks & Spencer, Smith & Nephew and Meggitt advanced by 2.86 percent, 2.73 percent, 2.21 percent and 2.14 percent respectively.

Bunzl led the top losers of the blue chips with a share price drop of 2.06 percent, followed by TUI AG (1.36 percent), Barratt Developments (1.17 percent), Royal Dutch Shell 'A' (1.04 percent) and Persimmon (1.02 percent).

Trading volume in FTSE 100 companies was around 20 percent smaller than the 30-day average. Endit