11. Restaurant chains also helped lift the index. 12. The boost lifted the index from three-month lows. 13. The industrial products subindex, because of its heavy weighting on the TSE, played the largest role in lifting the index. 14. The trend has been in place for much of this decade, lifting stock indexes to highs as bond yields dropped. 15. WorldCom Inc. also helped lift the index. 16. Also, electricity earnings helped lift the index after power groups Eletrobras and Copel unveiled first-quarter earnings on the last day of the results season. 17. Analysts credited the reduction in U.S. interest rates for lifting the index to its largest percentage gain, and its highest closing level, since February. 18. But a subsequent rebound in futures prices triggered arbitrage buying in the cash market, lifting the index back into positive territory, dealers said. 19. But bulls in the market lifted the index into the black several times. 20. But scattered buying in technology blue chips Hitachi, NEC and NTT DoCoMo and megabanks Mizuho Holdings and UFJ helped lift the index into positive territory for the close. |