LONDON -- After a session of some indifference, the
closed 67.2 points, or 1.1%, higher at 6,432.1, helped in part by a solid open on Wall Street. The
index of leading technology stocks proved to be no slouch with a gain of 110.4, or 2.07%, to 5,452.7.
While the Footsie has shown only a relatively modest gain, business was brisk and marketmakers were hard pressed to cope with the volume.
) provided a shining example. While the share price edged up just 3p, or 0.7%, to 355, a total of 340 million shares changed hands. Sleepy and out-of-favor supermarket supreme
saw 39 million shares change hands, while the price was adjusted a modest 3p, or 1.1%, lower to 183.
While not up featuring in the volume stakes, the tech sector provided the lion's share of the day's more violent movements.
led the charge with a rise of 795p, or 12.3%, to 72.70 pounds, as investors got excited over its proposed 100 million pound share placing to fund Internet expansion.
rose 550p, or 18.6%, to 36.25 pounds and
reversed its recent softer tone with a gain of 260p, or 8.9%, to 33.60 pounds.
Of course, for every investor looking smug in the high-tech/early retirement sector, there is usually one with an unhappy face.
ended down 250p, or 2.9%, at 117.50 pounds, and
) was 167p lower, or 3.7%, at 39.07 pounds.
European stocks ended the day higher following the
European Central Bank's
decision to keep interest rates steady. The biggest movers were telcos, helped by a number of announcements and reports.
in Frankfurt closed up 213.20, or 2.8%, at 7941.13, and the
up 221.25, or 3.5%, at 6477.55.
report saying that
) has made a bid for merger partners
sent the German telco's shares up 3.14 euros, or 3.4%, to 95.13.
) rose 22.3 euro, or 12.8%, to 196.8 after the company announced better-than-expected profits for last year and a plan to float its Internet division and part of its mobile telephone operations ¿ things these days that are always well received.