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British shares rise 2.11 pct on French election results

Xinhua, April 24, 2017 Adjust font size:

British stocks soared on Monday on the outcome of Sunday's French election, with the benchmark FTSE 100 Index up by 2.11 percent, or 150.13 points, to close at 7,264.68 points.

Packaging firm Smurfit Kappa jumped 6.05 percent, the best performer among the blue chips. Baking firm Barclays and Irish building materials group CRH advanced 5.41 percent and 5.35 percent, respectively.

Only three blue chips lost in the day, with Gold mining company Randgold Resources falling the most by 1.41 percent.

European equities surged on Monday after Emmanuel Macron's victory in the first round of the French presidential election.

On Sunday, centrist candidate and former minister of economy Emmanuel Macron and far-right candidate Marine Le Pen came out on top, according to projections by polling agencies and official partial results.

An updated estimation by research firm Elabe for local broadcaster BFMTV indicates that Macron leads with 24 percent of votes, and Le Pen 21.8 percent.

The two leading candidates are set to face off in the runoff on May 7. A poll late Sunday from Ipsos/Sopra Steria showed that Macron would likely win that runoff by 62 percent to 38 percent. Endit