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That takes the index back to where it was in mid-January.
Water companies and miners are in demand at the moment, helping push the leading index back above the key 6000 level.
The banks were down as a group on the day, while the miners and the oil companies pulled the index back up.
That essentially put the index back to where it was after policy makers decided in early August to keep rates unchanged.
Still, it would take 10 more weeks of similar advances just to get the index back to where it began 2008.
He has compiled this index back to the mid-1970s, and found it to have an impressive record in predicting the market's subsequent 12-month return.
Similar(16)
He referred to Stardoll (the slightly terrifying Index-funded virtual doll site) and said that although Index backed it because it fulfilled a unique demand, it was only later that its lucrative revenue of selling virtual accessories emerged.
Hong Kong's Hang Seng index backed off early gains to trade down 2.1%, at 21,242.78, with Ping An Insurance one of the biggest drags on the market.
To put that in context, Index backed Supercell; Initial backed Supercell and Super Evil Mega Corporation; Sunstone has backed multiple games companies; and Proxy was founded by the creators of Supercell and Peak.
But a rally in the last hour of trading brought most indexes back to nearly where they closed on Friday.
Business indices back and fill.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com