Banks drag on FTSE in early deals

By @ibtimes on

Britain's top share index edged lower early on Monday having ended the previous session at a fresh 2012 high, with banks, which have led the market higher over recent days, the top fallers.

London's blue-chip index <.FTSE> fell 14.55 points, or 0.2 percent at 5,951.03, by 0808 GMT.

Banks <.FTNMX8350>, which gained 6 percent last week, were the top fallers as the sector neared technically overbought levels according to its relative strength index.

(Written by David Brett)

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