21 May 2009

Stocks in Europe end higher as commodities gain

7:03 am on 21 May 2009

European shares ended higher on Wednesday. Commodity stocks were the major gainers as the price of crude oil and metals rose.

The pan-European FTSEurofirst 300 index of top shares was up 0.4%at 875.85 points.

The index had its highest close in more than four months on Tuesday.

Energy stocks were higher as oil firmed above $US61 per barrel to touch a new six-month high. Miners also rose.

In Frankfurt, the DAX index ended at 5038.94 points, up 79.32 or 1.60%. In Paris, the CAC-40 index closed at 3303.37 points, up 28.41 or 0.87%.

The Swiss market index closed at 5509.27 points, up 10.47 or 0.19 percent.

In London, the FTSE 100 closed at 4468.41 points, down 13.84 points, 0.3%.

Other markets

In Tokyo, the Nikkei added 54.35 points, 0.6%, to 9,344.64, extending a gain on 2.8% the previous day.

In Hong Kong, the Hang Seng Index closed down 68.19 points, 0.4%, at 17,475.84.

In Australia, the S&P/ASX 200 index picked up 7.3 points, 0.2%, to end at 3,824.6, following a jump of 2.2% on Tuesday. The All Ordinaries added 8.3 points, or 0.22% to 3808.9.

In New Zealand, the NZX50 rose 10 points, or 0.37%, to close at 2801 on turnover of $69 million on Wednesday.