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LONDON: Britain's top share index closed a touch lower Tuesday, as a weakening in banks after a cautious research note from Credit Suisse slightly outpaced buoyant oil issues and drugmakers.
The FTSE 100 ended down 4.42 points, or 0.1 per cent, at 5,602.30, having closed up 0.1 per cent Monday, its highest close since Sept 2, 2008 -- before Lehman Brothers collapsed.
The index has rallied nearly 60 per cent since hitting a low on March 9 2009. Banks took the most points off the index, extending Monday's losses. Credit Suisse issued a cautious note on British banks, saying the sector "is at best fair value for now." Energy stocks rose as crude traded above $81 a barrel for much of the day, after hitting an eight-week high in the previous session.-Reuters
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