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According to Reuters, the 38.14-point decline was led down by banks.
Peter Dixon, UK economist at Commerzbank, said this week could be a quiet one for the markets as it is primarily devoid of data.
He added: "Unless there's any real news driving (the market), it's just one of those times when investors probably take a little bit of profit."
However, both Barclays Capital and Halifax reported positive news with the former issuing an optimistic sector outlook and the latter posting an uptick in August house prices.
But it was not so good for Barclays, which was down 2.6 per cent partly due to a downgrade from Bernstein to "market-perform" from "outperform".
This news comes after the FTSE 100 fell by 0.8 per cent at 5,395.37 yesterday.
Posted by Greg Secker
