LONDON -- Europe's markets rounded out the week on a positive note as technology stocks got a boost from the Nasdaq's turnaround on Thursday.
100 climbed to a session high of 6,415.00, wiping out all of Thursday's losses, but drifted down toward the close to stand just 46.40 points higher, or 0.7%, at 6,317.1. The
ended up 42.97 points, or 1.3%, to 3,475.81.
Optical component maker
led the charge in the main index, rebounding from Thursday's
38.59 low to gain 339p, or 9.3%, to
, another stock that has been beaten down over the past few days, jumped 39p, or 6.2%, to 670. Even
, which has slumped on an almost daily basis every session over the last two weeks, managed to post a gain and rose 4.25p, or 2.7%, to 160.
bucked the trend, and fell 6.75p, or 2.3%, to 281.5.
FTSE 100 heavyweight,
gained 14.5p, or 5.4%, to 285.5, enough to add around 40 points to the main index. The stock has been weighed down by a combination of factors, but finally seems to be responding to the string of positive brokerage comments. There also seems to be a growing belief that the company is not going to pay over the top for a German third-generation mobile phone license.
rose 86p, or 4.4%, to
Cable & Wireless
gained 35p, or 3.2%, to
couldn't follow the trend and fell 3p, or 0.4%, to 853.
In the media sector, investors seem to be buying into
United News & Media's
story that the company will have repositioned itself nicely after this round of disposals, such as its TV interests. Stronger-than-expected first-half results announce this morning also helped, and the shares rose 8p, or 1.0%, to 833.
On the Continent, European markets ended mostly higher. The
in Paris closed up 94 points, or 1.5%, at 6,449. Late in the German trading session, the
in Frankfurt was down 10 points, or 0.1%, at 7,028.
rebounded after Thursday's hammering. Nokia ended up 0.69 euro, or 1.6%, at 44.29 ($40.30) and Alcatel closed up 4.00 euros, or 5.6%, at 75.50.
Telecom operators also performed well.
ended up a huge 7.00 euros, or 5.4%, at 137.00, and
was up 0.33 euro, or 1.6%, at 22.70.