LONDON -- Despite an early improvement on the strong performance on Wall Street Wednesday, the FTSE 100 closed down 26.5 points, or 0.4%, at 6,256.5. Meanwhile, the Techmark index told a different story as it managed to close up 94.5 points, or 3.0%, at 3,626.3.

Tech stocks resilience was due in part to various deals within the sector, including a tie-up between

Psion

and

Sony Corporation

(SNE) - Get Report

, which pushed the former 421p higher, or 17.3%, to

32.44 ($51.25).

Baltimore Technologies

(BALTV)

rose 306p, or 5.5%, to

58.54 and

Bookham Technology

was up 417p, or 13.5%, to

28.17.

In the financial sector,

Barclays

(BCS) - Get Report

rose 25p, or 1.5%, to

17.04 following a positive annual meeting, but

Bank of Scotland

dipped 57p, or 8.9%, to 587 after disappointing full-year results.

Media stocks featured

WPP

, up 66p, or 6.9%, at

10.21 after an encouraging trading update, and

Emap

attracted further speculative demand on hopes of a link with

Yahoo!

(YHOO)

, and rose 48p, or 5.9%, to

12.41. But the rest of the sector failed to perform, with

Pearson

down 15p, or 0.7%, at

20.71,

Reuters

(RTRSY)

18p lower, or 1.9%, at

11.11, and

BSkyB

(BSY)

down 74p, or 4.5%, to

15.64.

Pharmaceutical stocks encountered profit taking in the wake of recent gains.

Glaxo Wellcome

(GLX)

lost 99p, or 4.9%, to

19.33 and merger partner

SmithKline Beecham

(SBH) - Get Report

tumbled 46p, or 5.2%, to 845.

It was a different story on the Continent, where bourses managed to maintain this morning's strength. The

Xetra Dax

in Frankfurt closed up 108.04, or 1.5%, at 7,388.55 and the

CAC 40

in Paris ended up 70.58, or 1.1%, at 6,390.87.

The fall in the euro against major currencies is helping the share prices of exporters. The euro fell to an all-time low of 91.65 cents to the dollar on Tuesday, but on Wednesday it had recovered to trade at 92.19 cents to the dollar.

The major gainers in Frankfurt were tech and telecom shares, including

Epcos

(EPC) - Get Report

, up 11.49 euros, or 8.3%, at 149.79 ($137.81),

SAP

(SAP) - Get Report

, up 34.30 euros, or 5.7%, to 636.00, and

Deutsche Telekom

(DT) - Get Report

, up 2.46 euros, or 4.3%, to 55.80.

Nokia

(NOK) - Get Report

this morning announced that it has signed a contact to supply China's

Jilin Mobile Communications

with WAP solutions and its shares closed up 2.30 euros, or 4.3%, at 55.80.