FTSE closes down after rally (AFP)
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LONDON (AFP) – The leading share index closed lower on Monday, after making strong gains last week on the back of US quantitative easing plans.
The FTSE 100 index shed 0.43 percent to close at 5,849.96 points.
Mobile satellite company Insmarsat plc was the biggest blue-chip riser, gaining 2.96 percent -- or 20 pence -- to end at 695.
Rolls-Royce made the second greatest gains, rising 2.71 percent -- 16 pence -- to close at 607.
Royal Bank of Scotland (RBS) was the biggest faller, losing 3.02 percent -- 1.36 pence -- to close at 43.64.
It was followed by mining company Anglo-American plc, which slipped 2.43 percent -- 73.5 pence -- to 2955.5.
RBS was also the most traded stock, with 128 million shares changing hands, followed by Lloyds Banking Group with 126 million shares.
Sterling strengthened against the greenback and against the euro.
At 17:31 GMT, the pound was trading at 1.6148 dollars, down from 1.6210 at the same time on Friday.
The British currency meanwhile rose to 1.582 euros down from 1.538 over the same period.
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