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FTSE 100 closes higher as euro area GDP growth revised up

Xinhua, September 9, 2015 Adjust font size:

FTSE 100 Index, British benchmark stock market gauge, Tuesday increased by 1.18 percent, or 71.58 points, to 6146.10 points, as the euro area's gross domestic product (GDP) was revised up slightly.

Eurostat Tuesday announced that seasonally adjusted GDP rose by 0.4 percent in both the euro area and the EU during the second quarter of 2015, compared with the previous three-month. The euro area growth rate is higher than the market estimation consensus of 0.3 percent.

All sectors of London market closed higher except General Retail, with Nonlife Insurance, Industrial Metals & Mining, and Automobiles & Parts led the gainers.

Commodities trader Glencore led the top gainers of London blue chips with a gain of 4.40 percent.

Anglo American, Aberdeen Asset Management, Standard Chartered and Fresnillo increased by 3.87 percent, 3.02 percent, 2.82 percent and 2.74 percent respectively.

Whitbread's share price dropped by 1.59 percent topping the losers of the blue chips.

Share prices of Next, Ashtead Group, Sports Direct International and Reckitt Benckiser Group declined by 0.92 percent, 0.66 percent, 0.64 percent and 0.02 percent respectively.

Trading volume in FTSE 100 companies was around 19 percent smaller than the 30-day average. And the index has lost 3.41 percent so far this year.

The broader FTSE All-Share Index gained 1.11 percent on Tuesday. Endit