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Print Print 2004-06-08

Closing stock market indices

Here is how major stock markets outside the United States ended on Monday.
Published June 8, 2004

Here is how major stock markets outside the United States ended on Monday.
EUROPE STOCKS EXCHANGE: European equities ended at levels unseen in nearly five weeks, with economy-sensitive tech shares leading gains, as retreating oil prices helped renew investors' optimism about economic growth and corporate profits.
Finnish telecoms equipment giant Nokia topped technology climbers after winning a framework deal with Russian telecom operator Megafon worth more than $350 million to expand its GSM and GPRS networks.
Nokia shares gained 3.3 percent. Other bright spots included Dutch insurer Aegon, which estimated its 2003 insurance operations climbed eight percent on 2002, and miners BHP Billiton and Antofagasta amid hopes key client China would manage to rein in its red-hot economy without tightening borrowing costs.
The FTSE Eurotop 300 index of pan-European blue chips added 0.78 percent to end at 1,000.65 points, closing above 1,000 mark for the first time since May 5, after last week's decision by oil cartel Opec to raise production cooled crude prices and removed a major thorn in the market's sides.
FRANKFURT STOCKS EXCHANGE: The DAX index ended at 4,017.81 points, up 55.88 or 1.41 percent.
PARIS STOCKS EXCHANGE: The CAC-40 index closed at 3,722.23 points, up 23.36 or 0.63 percent.
ZURICH STOCKS EXCHANGE: The Swiss market index closed at 5,744.2 points, up 55.8 or 0.98 percent.
MILAN STOCKS EXCHANGE: The All Share Mibtel index closed at 20,857 points, up 169 or 0.82 percent.
SYDNEY STOCKS EXCHANGE: Stocks struck new two-year highs after resuming their climb on the back of a positive influence from Wall Street, with gains seen practically across the board.
Australia's benchmark S&P/ASX 200 index touched a high of 3,486.7 - a level last seen in March 2002 - before finishing at 3,484.0, up 16.3 points, or 0.47 percent.
JOHANNESBURG STOCKS EXCHANGE: Roaring telecom and gold stocks shunted the overall market higher by the close following better-than-expected results from phone group Telkom and gains in the bullion price, dealers said.
The FTSE/JSE All-Share Index ended 1.71 percent or 174.78 points up at 10,366.11 points.
The All Gold index closed at 1,822.86 points, up 38.66 or 2.17 percent, while the Industrial index closed at 7,505.15 points, up 115.63 or 1.56 percent.

Copyright Reuters, 2004

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