Stocks on the FTSE 3500 were modestly lower at the end of the week, wiping out the week's gains in the process.
Banks and life insurers lent their heft to the advance in London's top-tier index as government bond yields on both sides of the Atlantic climbed higher.
London listed stocks were mixed at the start of the week, as hopes for a reopening of the UK economy were offset by the drag from miners and weakness in the oil patch.
Banks were the strongest segment in the stock market at the end of the week, as government bond yields lurched back higher on both sides of the Pond.
Technology shares fared best on Thursday, as investors played catch-up with US peers in the wake of the recent rally on the tech-heavy Nasdaq.
Stocks were mixed on Wednesday as investors paused for breath following recent heavy gains.
Tuesday's price action on the FTSE 350 was the mirror image of the prior session's, with Leisure Goods and Software finding a bid, while mining and banks were on the backfoot.
Banks' shares continued to outperform Technology at the start of the week amid expectations for an exit from the Covid-19 pandemic, possibly as soon as in the next couple of months, as well as for increased fiscal stimulus spending in the US.
Investors in Financial Services got the short end of the stock on Friday, as shares in the London Stock Exchange Group were hit by a wave of selling after the stockmarket operator flagged its intention to increased spending on its integration with Refinitiv in 2021.
Oil and Gas shares jumped to the top of the leader board after many of the world's major crude producers surprised traders with a decision to hold their combined output unchanged following talks on Thursday.
Cyclicals paced gains in the stockmarket on Wednesday, with Travel and Leisure, and Household Goods and Construction both helped by optimism around the UK's handling of the pandemic and growing confidence both towards the US and Eurozone.
Travel and Leisure shares were among the top performing areas of the market at the start of March, as investors cheered news that the number of new coronavirus infections was still falling sharply on both sides of the Atlantic.