(Reuters) Britain’s top share index touched a fresh record high on Friday in holiday-shortened trade before easing at the close as weakness among cyclical stocks weighed.
The blue-chip FTSE 100 index ended the session down 0.2% at 7,592.66 points, resting below the 7,600-point level first breached in the previous session.
The index had been in positive territory for much of the session, slipping lower in the last few minutes of trading.
“I doubt the FTSE would be at this record high had Theresa May and the EU not reached the point of the (Brexit) talks so they could progress beyond phase one,” said David Madden, market analyst at CMC Markets UK.
Depressed cyclical stocks capped gains on the day, with shares in heavyweight financials such as HSBC, Barclays and Lloyds down 0.1 to 1.2%, while commodities stocks followed oil and copper prices lower.
Volumes were thin in the half day of trading ahead of a holiday. The market reopens on Wednesday.
Moves among individual stocks were muted.