Royal Mail
Royal Mail shares went up in price by almost 4% as the FTSE failed to build on early momentum Getty

A bounce in the Royal Mail share price failed to deliver a surge across the FTSE 100 as the index lost momentum following positive morning trading.

At the closing bell the index stood at 7,029.85, down -16.97 (0.24%) despite Royal Mail shares rising by 18.7p (3.9%) to almost £4.98.

The loss came after a surge on Friday on the back of the Conservatives securing a majority at the general election.

The FTSE 100 was up a further 0.16% at 7,058.01 by midday, after an interest rate cut in China but slipped back into the red.

The AIM 100 finished up 1.01% to 3,436.89, led by Staffline Group, which saw its shares rise to 1,176.00, up 96.00 points (+8.89%).

FTSE 100 biggest risers

Royal Mail +18.70 (+3.90%) 497.60
Taylor Wimpey +4.70 (+2.68%) 180.40
3i Group +13.00 (+2.59%) 515.50
Sage Group +12.50 (+2.30%) 556.00
Hikma Pharmaceuticals +44.00 (+2.19%) 2,054.00

FTSE 100 biggest fallers

CRH -54.00 (-2.86%) 1,837.00
St James's Place -22.00 (-2.29%) 940.50
Mondi -25.00 (-1.86%) 1,322.00
Associated British Foods -49.00 (-1.67%) 2,879.00
Shire -85.00 (-1.59%) 5,245.00

AIM 100 biggest risers

Staffline Group +96.00 (+8.89%) 1,176.00
Optimal Payments +12.25 (4.51%) 283.75
Asos +157.00 (+4.41%) 3,717.00
Redde +4.75 (+4.19%) 118.25
Numis Corporation +10.00 (+4.00%) 260.00

AIM 100 biggest fallers

Hargreaves Services -16.75 (-3.76%) 429.25
Fusionex International -12.50 (-3.68%) 327.50
Monitise -0.50 (-3.51%) 13.75
Mulberry Group -31.50 (-3.37%) 902.50
Clinigen Group -18.00 (-2.69%) 652.00

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