28 Nov 2008

European stocks higher

8:31 am on 28 November 2008

European stock markets closed higher on Thursday.

However, volumes were light due to the Thanksgiving holiday in the United States. US markets are closed.

The FTSEurofirst 300 index of top European shares rose 2.6 percent to close at 852.38 points. The index has risen 12% this week, but is still down more than 43% to date this year.

In Frankfurt, the DAX index ended at 4,665.27 points, up 104.77 or 2.3%. In Paris, the CAC-40 index closed at 3,250.39 points, up 80.54 or 2.54%.

The Swiss market index closed at 5,640.8 points, up 142.24 or 2.59%.

In Britain, the FTSE 100 closed up 73.41 points, 1.77%, at 4,226.10. Trading was thin.

In Tokyo, the Nikkei share average rose 1.95% - its highest close in more than a week. The index gained 160.17 points to close at 8,373.39 in extremely thin trade.

In Hong Kong, the Hang Seng Index rose 1.37% to end 182.61 points higher at 13,552.06.

other markets

The Australian share market earlier closed in positive territory. The S&P/ASX200 index was up 48 points, or 1.36%, at 3588, at the close, while the All Ordinaries gained 48.6 points, or 1.4%, at 3528.2.

In New Zealand, the NZX 50 was 30 points, or 1.1%, higher at the close to 2670 on turnover of $71 million.

Telecom rose 2 cents to $2.38, Contact Energy was up 6c to $6.80, while Fletcher Building gained 13 to $5.70.

The Warehouse was up 2c to $3.52 and Mainfreight rose 28c to $4.55.