FTSE down 0.1 pct; weak oils, banks offset pharmas

* Oils, financials weigh

* U.S. housing data points to sluggish economic recovery

* Pharmaceuticals in demand

By Tricia Wright

LONDON, June 23 (Reuters) - Britain's leading share index closed down 0.1 percent on Tuesday, weighed by weakness in oils and banks, and as U.S. housing data pointed to a sluggish economic recovery, but pharmaceuticals stocks limited losses.

The FTSE 100 .FTSE fell 4.03 points to 4,230.02 in a choppy session, with thin volumes exacerbating movements, after losing 2.6 percent on Monday.

The index has gained more than 22 percent since hitting a six-year low in March, but is still down 4.6 percent on the year.

"I think it's one of those stories where we started off trying to replace some of the ground that was lost in the last few sessions ... (but) the numbers that came from the States aren't all that encouraging at the moment, enough to put us on the back foot," said Stephen Pope, chief global market strategist at Cantor Fitzgerald.