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In Asia, Japanese shares recovered somewhat at the end of the session but still ended in the red, while profit taking depressed Hong Kong shares by 2.8%.
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Misys softened 26 1/4p to 617 1/2p, while British Telecommunications succumbed to profit taking, ending 26p lower at 1040p.
In Asia, stocks closed lower amid profit taking, while Deutsche Banks takeover of Bankers Trust helped lift European shares out of the red in midsession trading.
In overseas markets, Japanese shares gave up some of their recent gains amid widespread profit taking while European shares were mixed in late trading.
In overseas trading, Japanese stocks ended marginally lower amid profit taking, while European shares are edging higher in merger-fueled trading after Dutch insurer Aegon (trading in the U.S. as an American Depositary Receipt under the ticker symbol AEG) said it would buy Transamerica Corp. ta for $10.8 billion in stock, cash and assumed debt.
Yesterday, technology shares brought the Nasdaq Composite Index to yet another alltime high while blue chips languished amid profit taking.
Technology shares brought the Nasdaq Composite Index to yet another alltime high while blue chips languished amid profit taking.
Profit taking is inevitable and some will sell while others will buy or hold.
With some profit taking, the shares are down 6.5p at 569p, while Persimmon has lost 22p to £18.53.
Overseas, profit taking depressed European shares in late-session trading while Asian stocks ended the week mixed.
Profit taking.
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