LONDON -- With Wall Street on the up, the
rallied strongly into the close to end 111.2 points higher, or 1.8%, at 6,470.5, while the
finished up 105.7 points, or 3.3%, at 3,362.0.
Many London traders were caught short of stock as Wall Street took heart from soft
National Association of Purchasing Management
figures, and with volume relatively light, it didn't take much to move share prices.
The tech, media and telecom sectors led the charge, with
weighing in with a rise of 10p, or 3.3%, at 315 ($4.73), while
jumped 181p, or 7.7%, to
followed with a gain of 168p, or 6.6%, at
Media stocks took a distinct turn for the better.
moved up 114p, or 5.7%, to
climbed 100p, or 8.2%, to
finished 29p better, or 2.9%, at
Tech stocks weren't far behind.
rose a further 287p, or 16.1%, to
20.75 on the back of its
advanced 200p, or 6.5%, to
climbed 61p, or 3.4%, to
The rise in
following Tuesday's earnings results stopped abruptly today, with the shares closing down 7p, or 5.5%, 120.
Trading statements provided further interest, with drugstore chain
down 44.5p, or 8.0%, at 512.5 despite top-of-the range full-year profits.
Europe's other stock markets finished higher but in very thin trade, as many people were out and some bourses closed for the Ascension Day holiday. The
in Frankfurt closed up 163.1, or 2.3%, at 7,272.8 and the
in Paris ended 173.5 higher, or 2.7%, at 6,599.7. The Neuer Markt's tech-heavy
index finished up 95.8, or 1.6%, at 6,149.6.
Techs performed well despite the poor liquidity, with
up 6.79 euros, or 4.3%, at 164.00 ($153.70),
4.15 euros higher, or 3.2%, at 135.00 and software maker
up 32.00 euros, or 5.8%, at 585.00.
Financial issues weren't far behind, as
rose 1.85 euros, or 2.3%, to 84.50 and
ended up 0.20 euros, or 0.5%, at 44.20.
The major European telecoms which were traded Thursday also finished higher, with
closing up 0.20 euros, or 0.9%, at 22.20,
rising 11.50 euros, or 7.4%, to 168.00 and
ending up 2.00 euros, or 3%, at 68.50.