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FTSE 100 closes higher on Tuesday

Xinhua, September 16, 2015 Adjust font size:

FTSE 100 Index, British benchmark stock market gauge, Tuesday increased by 0.87 percent, or 53.01 points, to 6137.60 points, as the drop of Britain's inflation rate adds odds for the central bank's holding the benchmark interest rate in the near future.

Britain's inflation rate fell to zero in August, down from July's rate of 0.1 percent, announced the Office for National Statistics (ONS) Tuesday. It was far away from the Bank of England's target of two percent.

Most sectors of London market closed higher, with Oil Equipment, Services & Distribution, Technology Hardware & Equipment and Life Insurance led the gainers.

Weir Group led the top gainer of London blue chip with a gain of 4.85 percent.

ARM Holdings, SABMiller, Coca-Cola HBC and Aviva increased by 3.43 percent, 2.76 percent, 2.68 percent and 2.62 percent respectively.

Kingfisher's share price dropped by 2.50 percent topping the losers of the blue chips.

Share prices of Vodafone Group, TUI, Merlin Entertainments and Tesco declined by 1.27 percent, 1.15 percent, 1.12 percent and 0.81 percent respectively.

Trading volume in FTSE 100 companies was around 10 percent smaller than the 30-day average. And the index has lost 3.46 percent so far this year.

The broader FTSE All-Share Index gained 0.73 percent on Tuesday. Endit