LONDON -- It's the end of the week, month, quarter, tax year and, as such, there was little in the way of a coherent trend. The FTSE index closed 95.0 points, or 1.5%, higher at 6,540.2, but the Techmark index of leading technology stocks ended 70.8 points, or 1.6%, lower at 4,330.8.
provided a clear direction, jumping 22p, or 28.8%, to 98.5 in the wake of aggressive U.S. buying on bid speculation.
was identified as the big buyers of the shares.
Tech stocks showed signs of recovery and disintegration at the same time.
jumped 281p, or 7.6%, to 41.50 pounds and
climbed 83p, or 0.9%, to 86.10 pounds, but
BATM Advanced Communications
fell 277p, or 4.6%, to 57.05 pounds, and
lost 150p, or 5.7%, to 24.75 pounds.
British American Tobacco
ended 34p higher, or 10.8%, at 345 as litigation worries subsided.
gained 8.5p, or 1.7%, to 514 in similar circumstances.
Oil stocks remained firm on the back of the OPEC production quotas decision.
rose 31.5p, or 5.8%, to 573.5, and
was up 23.5p, or 4.7%, to 520.
Telecoms experienced mixed fortunes for most of the session before ending on a firmer note.
closed 23p higher, or 2.0%, at 11.75 pounds, and
retrieved an earlier 13p fall to close a penny up, or 0.2%, at 348.5.
European markets ended the week lower. The
in Frankfurt closed down 20, or 0.3%, at 7625, and the
in Paris ended down 42, or 0.7%, at 6272.
In Frankfurt, technology stocks were the main culprits.
ended down 18.90 euros, or 2.4%, at 774.10 and
was down 9.3 euros, or 6.4%, at 145.50.
Financials were also lower.
ended down 0.96 euros, or 1.4%, at 70.21,
was down 0.59 euros, or 1.4%, at 43.10 and
was down 0.65 euros, or 1.6%, at 40.05.