Private investors experienced the volatility of high technology shares as stocks sank across Europe yesterday.
London's Techmark 100, the stock exchange's grouping of technology companies, fell by 114 points, 3.3 per cent, to 3,369. Its German counterpart, Frankfurt's Neuer Markt Top 50 fell 3 per cent, while Paris's Nouveau March fell 7 per cent.
The private investors who have been overwhelming broking firms over the last few weeks switched back to more traditional stocks such as ICI and Rio Tinto.
Only last week the Financial Services Authority issued a warning to investors that “dot.com” shares were not infallible.