LONDON -- A lack of any fresh incentive from Wall Street meant Europe's markets were never likely to clamber out of the mud they were in for most of the day.
ended 79.7 points lower, or 1.2%, at 6,546.7 and the
made little or no attempt to establish a trend, finishing 1.9 points lower, or 0.1%, at 3,633.0.
led telecom stocks lower with a loss of 10p, or 3.0%, to 325 ($4.90), while
ended 25p down, or 2.4%, at
Media stocks were mixed.
gained 40p, or 1.8%, to
slipped 28p, or 2.4%, to
wasn't flavor of the day either, losing 82p, or 5.6%, to
Although the Techmark showed little overall change on balance, there were some fairly hefty movers in both directions.
BATM Advanced Communications
headed the leader board, with a rise of 312p, or 7.3%, to
rose 200p, or 13.8%, to
Geo Interactive Media
moved up 170p, or 19.5%, to
10.40, helped up by a deal with
of South Korea,
lost 150p, or 6.1%, to
slid 100p, or 2.7%, to
Pharmaceutical stocks were also out of favor.
retreated 111p, or 5.9%, to
17.80, and merger partner
shed 46p, or 5.4%, to 799.
rose 16p, or 3.3%, to 497 as hopes for contracts such as running JFK airport offset disappointment over last year's fall in profits.
rose 8p, or 1.9%, to 423 amid reports that it may make a joint bid with
of France for US company
Europe's other major stock markets were weaker as the telecom and computer-related shares that have done so much for the markets recently were sold down. The
in Frankfurt, which has extended it trading hours to 8 p.m., by late afternoon was down 17.3, or 0.2%, at 7,421.6 and the
in Paris closed down 17.3, or 0.3%, at 6,656.3. The Neuer Markt's tech-heavy
index was down 21.8, or 0.4%, at 5,941.1.
Blue-chip tech shares tech were lower, with software maker
down 5.80 euros, or 0.9%, at 617.20 ($586.34) and
down 2.60 euros, or 1.5%, at 166.40. However,
managed to recoup earlier losses to stand up 3.21 euros, or 2.3%, at 145.21.
was down 1.26 euros, or 1.7%, at 71.39,
closed down 0.10 euros, or 0.4%, at 23.30 and
ended down 4.50 euros, or 2.6%, at 167.00.
was down 0.75 euros, or 1.2%, at 60.05.
On the Neuer Markt, the online bank and brokerage
was trading at 35.78 euros, up from the initial public offering price of 31 but down from an earlier high of 38.79.