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Print Print 2008-11-22

Closing stock market indices

Major stock markets outside the United States ended on Friday.
Published November 22, 2008

Major stock markets outside the United States ended on Friday.
EUROPE STOCK EXCHANGE: European stocks slipped in a broad selloff, dropping for the seventh time in nine sessions, with fresh fears over the financial sector knocking down banking shares such as Societe Generale. Pharmaceutical stocks, which had been resilient over the past few weeks, took a beating, with Novartis down 6.4 percent and Sanofi-Aventis falling 10 percent.
Other sectors seen as defensive also got hit, with telecoms operator Vodafone losing 7.7 percent, and utilities group EDF falling 6 percent. The FTSEurofirst 300 index of top European shares closed 2.6 percent lower at 760.97 points, its lowest closing level in 5-1/2 years.
FRANKFURT STOCK EXCHANGE: The DAX index ended at 4,127.41 points, down 92.79 or 2.20 percent, ditching 582.83 points since last weekend.
PARIS STOCK EXCHANGE: The CAC-40 index closed at 2,881.26 points, down 99.16 or 3.33 percent and shedding 410.21 points on the week.
ZURICH STOCK EXCHANGE: The Swiss market index closed at 5,144.02 points, down 162.08 or 3.05 percent and 690.73 points poorer since last Friday.
MILAN STOCK EXCHANGE: The All Share Mibtel index closed at 14,513 points, down 455 or 3.04 percent, falling 1,657 points over the week.
SYDNEY STOCK EXCHANGE: Shares closed 1.9 percent higher, after earlier touching five-year lows, as bargain hunters scooped up mining stocks at the end of a week of devastating losses, tracking a rally in US stock futures.
Even with the bounce, the market ended the week down 331.6 points. The S&P/ASX 200 index rose 63.6 points to close at 3,416.5 for its first gain in a week, rallying almost 200 points from the day's low of 3,217.5.
JOHANNESBURG STOCK EXCHANGE: South Africa's rand and stocks rebounded on Friday, bolstered by firmer precious metal prices and higher global shares, while government bonds rallied on speculation interest rates may soon be cut. The All-share index closed at 18,066.38 points, up 251.96 or 1.41 percent, shedding 1,347.32 points since last weekend.
The All Gold index closed at 1,604.63 points, up 188.74 or 13.33 percent and slightly better off by 18.44 on the week. The Industrial index closed at 15,072.33 points, down 28.1 or 0.19 percent, dropping 1,013.97 points over the week.

Copyright Reuters, 2008

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