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FTSE 100 increases by 0.90 pct on GDP data

Xinhua, August 29, 2015 Adjust font size:

FTSE 100 Index, British benchmark stock market gauge, Friday increased by 0.90 percent, or 55.91 points, to 6,247.94 points, as Britain announced cheering economic data.

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

Business investment grew by 2.7 percent in Q2 2015, better than the previous quarter's increase of 2.0 percent. Exports and net exports grew by 3.9 percent and 0.6 percent respectively, data also showed. And in terms of contribution to growth, net trade in Q2 lifted the economic growth by 1.0 percentage points.

Most sectors of London equity market closed higher, with Oil Equipment, Services & Distribution, Oil & Gas Producers and Industrial Engineering topped the gains.

Inmarsat PLC led the top gainer of London blue chip with a gain of 4.86 percent.

BG Group, Royal Dutch Shell, BHP Billiton and BP increased by 3.41 percent, 2.83 percent, 2.68 percent and 2.65 percent respectively.

Travel services company TUI's share price dropped by 2.78 percent topped the losers of the blue chips.

Share prices of St James's Place, easyJet, International Consolidated Airlines Group, 3i Group declined by 1.77 percent, 1.29 percent, 1.28 percent and 0.85 percent respectively.

Trading volume in FTSE 100 companies was around eight percent larger than the 30-day average. And the index has lost 1.82 percent so far this year.

The broader FTSE All-Share Index gained 0.93 percent. Endit