Business Week – Big rise for stocks.

The Accuntancy Age/ADVFN index has risen above levels not seen since May this year, despite a sharp dip on Monday aused by fears after the plance crash in New York.

Accountancy-related stocks showed no losses by the end of the week, causing the index to gain almost ten points as it closed at 85.81, its highest score since May. However, the FTSE-100 took a slight hit, dropping to 96.96 points.

The index’s biggest riser was Michael Page, which gained 16%, benefiting from a correction on the recruitment specialist’s undervalued stock.

Sage was up 14% despite news on Monday that the accounting software vendor had competition from Microsoft with its Small Business Manager software.

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