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FTSE 100 up 0.11 pct on Thursday

Xinhua, May 29, 2015 Adjust font size:

FTSE 100 Index, British benchmark stock market gauge, Thursday increased by 0.11 percent, or 7.59 points, to 7,040.92 points.

The London stocks index finished a choppy session in the green, but gains were only modest.

British gross domestic product (GDP) grew by 0.3 percent in the first quarter of 2015, unrevised from the previous estimate that published a month ago, said the Office for National Statistics (ONS) Thursday.

The quarterly growth pace was smaller than the 0.6 percent in the fourth quarter of 2014, as well as slower than the market expectation consensus of 0.4 percent increase. The lackluster performance of net trade is one of the main reasons constraining the growth.

Sports Direct International's share price increased by 4.18 percent, topping the gainers of the blue chips. ARM Holdings, Kingfisher, Dixons Carphone and Direct Line Insurance Group increased by 2.55 percent, 2.24 percent, 1.98 percent and 1.81 percent respectively.

Ashtead Group led the top losers of the blue chips with a share price drop of 4.60 percent, followed by BT Group (2.02 percent), easyJet (1.81 percent), Marks & Spencer Group (1.59 percent) and Intertek Group (1.51 percent).

The index has gained 9.30 percent so far this year when measured in U.S. dollar. Endit