Footsie fails to hit 4200 mark in quiet day’s trading

A LACKLUSTRE session ended on the back foot yesterday as the FTSE 100 Index failed to break the 4200 mark. Blue-chip shares initially pushed ahead but later started to ease.

Heavyweight financial stocks were weighing on the market and with little corporate news to inspire trading, the FTSE 100 closed 53.0 points lower at 4122.2.

Most are expecting a quiet week on Wall Street ahead of the Thanksgiving break on Thursday, and Friday is traditionally the lightest volume day of the year.