LONDON -- U.K. blue-chip stocks showed a marginal improvement by the close to help the FTSE 100 close up 6.2 points, or 0.1%, at 6,363.7. However, technology stocks remained mired in the mud and the Techmark ended down 171.6, or 4.4%, at 3,722.0.

Gone are the days when Europe slavishly follows the U.S. market, but the association is still there, and with the US markets running in circles, so too is the U.K. market.

The tech stocks again failed to establish anything approaching a support level, with

BATM Advanced Technologies

down 515p, or 10.9%, at

42.30 ($67.26),


down 371p, or 9.8%, to


Just to show how mad this part of the market is,

Baltimore Technologies


, having lost 665p at one point, finished 215p higher, or 3.8%, at


ARM Holdings


at least had an

HSBC Securities

recommendation to justify the better close, ending 175p higher, or 3.0%, at


Telecom stocks were generally firmer.

British Telecom


gained 44p, or 4.0%, to

11.33 on news of a radical restructuring plan, while

Vodafone AirTouch

(VOD) - Get Report

reversed an initial 15p loss to close 11p higher, or 3.5%, at 323, with a handful of broker recommendations adding a measure of support.

Oil stocks also supported the overall market.

BP Amoco


ended up 4.5p, or 0.8%, at 543 and


(SC) - Get Report

closed up 1p, or 0.2%, at 496.

Across Europe it was much the same story. The

DAX Xetra

finished up 5.99 points, or 0.1%, at 7,449.06 and the

CAC 40

up 25.64 points, or 0.4%, at 6,264.34 as blue chip stocks helped offset the losses in technology stocks.


closed up 5.25 euros, or 1.3%, at 420.00 ($407.40) and

Banque Nationale de Paris

ended up 2.50 euros, or 2.8%, at 90.50, while


(NOK) - Get Report

was down 2.70 euros, or 5.0%, at 51.30 and


was 7.00 euros, or 3.0%, lower at 223.00.

In telecoms,


(TEF) - Get Report

closed down 0.25 euros, or 1.0%, at 25.15 and

France Telecom


was down 4.00 euros, or 2.4%, at 164.00.

Deutsche Telekom

(DT) - Get Report

managed to follow the UK trend and ended up 1.43 euros, or 2.0%, at 74.63.