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FTSE 100 closes lower on Tuesday

Xinhua, March 4, 2015 Adjust font size:

FTSE 100 Index, the British benchmark stock market gauge, Tuesday decreased by 0.74 percent, or 51.51 points, to close at 6,889.13 points.

The London stock index closed lower with a mixed batch of economic data.

The Markit/CIPS Britain construction purchasing managers' index registered 60.1 in February, up from 59.1 in January and above the neutral 50.0 threshold for the 22th successive month.

However, Euro zone producer prices fell at an annual rate of 3.4 percent in January, which was more than marktet had expected, data from the European Union's statistics office Eurostat showed on Tuesday.

Tullow Oil's share price increased by 2.10 percent, topped the gainers of the blue chips. Taylor Wimpey, Morrison Supermarkets, Hargreaves Lansdown and SABMiller increased by 2.07 percent, 1.61 percent, 0.95 percent and 0.62 percent, respectively.

Smith & Nephew led the top losers of the blue chips with a share price drop of 5.67 percent, followed by Travis Perkins (4.00 percent), RSA Insurance Group (3.25 percent), Barclays (3.22 percent) and International Consolidated Airlines Group (3.14 percent).

The index has gained 5.48 percent so far this year when measured in U.S. dollar. Enditem