Defensive areas of the market performed best on Thursday, aside from utilities that is, as shares of Centrica crumbled.
The best performing areas of the market were a mix of cyclicals and defensives.
Higher yielding stocks were again the main beneficiaries of selling in cyclicals such as automobiles (GKN) or shares of oil companies.
Cyclicals were again at the bottom of the pile come Tuesday, amid another batch of weak data out of China and as some top strategists sounded a cautious note on the outlook for the current bull market in stocks.
Ultra Electronics led a retreat in aerospace and defence and cyclicals more broadly at the start of the week.
M&A speculation and commodity prices were the main drivers behind Tuesday's price action despite skepticism from analysts on both fronts.
Shares of miners outperformed at the start of the week on the back of multiple bullish factors, especially Beijing's drive to cut pollution ahead of the winter.
Precious metals miners are heading up gains on the top flight index amid renewed geopolitical tensions on the Korean peninsula but as a group, miners are in the red, weighed down by falls in the likes of Antofagasta, Glencore, BHP Billiton and Rio Tinto.
Retailers were the big drag on the FTSE 350 today as survey data showed households continued to show caution on spending.
Food producers were the top rising sector on Thursday thanks entirely to Associated British Foods, a major sugar producer, bread baker, food and ingredients producer under brands such as Twinings Ovaltine and Australia's George Weston Foods.
Food retailers led UK stocks higher on Wednesday amid a report about improving shop prices and a strong update from wholesaler and convenience store owner Booker.
Sterling spent Tuesday essentially listless thanks to the US Independence Day holiday casting a pall of malaise over global financial markets.
A late burst of selling just before the end of the session sufficed to send Europe's main equity indices lower given the thin trading volumes in stockmarkets on account of the 4 July holiday in the States.
Hunting and Worldpay led their respective sectors higher on a light day in terms of market events.
UK blue chips punched away through Monday to achieve a firmly positive close, helped by sterling's retreat against a stabilising US dollar.
Safe-haven gold dived as the US dollar stabilised on Monday, a marked swivel of the spotlight away from crude oil futures.
Miners and banks are doing best on the back of better than expected manufacturing data out of China and the euro area which appear to be stoking risk appetite at the start of the new quarter.