"Tokyo stocks closed firmer Monday , with the Nikkei index making its fifth consecutive daily gain . Stocks also rose in London , while the Frankfurt market was mixed . In Tokyo , the Nikkei index added 99.14 to 35585.52 . The index moved above 35670 at midmorning , nearly reaching the record of 35689.98 set Sept. 28 . But the market lost part of the early gains on index-linked investment trust fund selling . In early trading in Tokyo Tuesday , the Nikkei index rose 1.08 points to 35586.60 . On Monday , traders noted that some investors took profits against the backdrop of the Nikkei 's fast-paced recovery following its plunge last Monday in reaction to the Oct. 13 drop in New York stock prices . But overall buying interest remained strong through Monday , with many observers saying they expect the Nikkei to continue with moderate gains this week . Turnover remained relatively small . Volume on the first section was estimated at 600 million shares , down from 1.03 billion shares Friday . The Tokyo stock price index of first section issues was up 7.81 at 2687.53 . Relatively stable foreign currency dealings Monday were viewed favorably by market players , traders said . But institutional investors may wait a little longer to appraise the direction of the U.S. monetary policy and the dollar , traders said . Hiroyuki Wada , general manager of the stock department at Okasan Securities , said Monday 's trading was `` unfocused . '' He said investors were picking individual stocks based on specific incentives and the likelihood of a wider price increase over the short term . The selective approach blurred themes such as domestic-demand issues , large-capitalization issues or high-technology shares , which had been providing at least some trading direction over the past few weeks , Mr. Wada said . Investors took profits on major construction shares , which advanced last week , shifting their attention to some midsize companies such as Aoki Corp. , Tobishima and Maeda . Aoki gained 60 yen to 1,480 yen -LRB- $ 10.40 -RRB- . Some pharmaceutical shares were popular on rumors related to new products to be introduced at a cancer conference that opened in Nagoya . Teijin was up 15 at 936 , and Kyowa Hakko gained 30 to 1,770 . Mochida advanced 40 to 4,440 . Fujisawa continued to attract investors because of strong earning prospects stemming from a new immune control agent . Fujisawa gained 50 to 2,060 . Kikkoman was up 30 to 1,600 , receiving investor interest for its land property holdings near Tokyo , a trader said . London prices closed modestly higher in the year 's thinnest turnover , a condition that underscored a lack of conviction ahead of a U.K. balance of payments report Tuesday . Limited volume ahead of the September trade data showed the market is nervous , but dealers added that the day 's modest gains also signaled some support for London equities . They pegged the support largely to anticipation that Britain 's current account imbalance ca n't be much worse than the near record deficits seen in July and August . `` It 's a case of the market being too high to buy and too afraid to sell , '' a senior dealer with Kleinwort Benson Securities said . `` It 's better to wait . '' The Financial Times 100-share index finished 10.6 points higher at 2189.7 . The 30-share index closed 11.6 points higher at 1772.6 . Volume was 276.8 million shares , beneath the year 's previous low of 280.5 million shares Sept. 25 , the session before the August trade figures were released . Analysts ' expectations suggest a September current account deficit of # 1.6 billion -LRB- $ 2.54 billion -RRB- , compared with August 's # 2.0 billion deficit . Dealers , however , said forecasts are broadly divergent with estimates ranging between # 1 billion and # 2 billion . `` The range of expectations is so broad , '' a dealer at another major U.K. brokerage firm said , `` the deficit may have to be nearer or above # 2 billion for it to have any impact on the market . '' Lucas Industries , a British automotive and aerospace concern , rose 13 pence to 614 pence after it said its pretax profit for the year rose 28 % . Share prices on the Frankfurt stock exchange closed narrowly mixed in quiet dealings after recovering most of their early losses . The DAX index eased 0.99 point to end at 1523.22 after falling 5.5 points early in the session . Brokers said the declines early in the day were partly caused by losses of the ruling Christian-Democratic Union in communal elections in the state of Baden-Wuerttemberg . The start of a weeklong conference by the IG Metall metal worker union in Berlin is drawing attention to the impending wage negotiations , which could boost companies ' personnel costs next year , they said . But there was little selling pressure , and even small orders at the lower levels sufficed to bring the market back to Friday 's opening levels . Traders said the thin trading volume points to continued uncertainty by most investors following last Monday 's record 13 % loss . The market is still 4 % short of its level before the plunge , and analysts are n't sure how long it will take until the DAX has closed that gap . But Norbert Braeuer , chief trader at Hessische Landesbank Girozentrale -LRB- Helaba -RRB- , said he expects share prices to move upward in the coming weeks . Banking stocks were the major gainers Monday amid hope that interest rates have peaked , as Deutsche Bank and Dresdner Bank added 4 marks each to 664 marks -LRB- $ 357 -RRB- and 326 marks , respectively . Commerzbank gained 1 to 252.5 . Auto shares were mixed , as Daimler-Benz firmed 2 to 723 , Bayerische Motoren Werke lost the same amount to 554 , and Volkswagen inched down 1.4 to 451.6 . Elsewhere , prices closed higher in Amsterdam , lower in Zurich , Stockholm and Milan , mixed in Brussels and unchanged in Paris . Shares closed higher in Hong Kong , Singapore and Manila , and were lower in Sydney , Seoul and Taipei . Wellington was closed . Here are price trends on the world 's major stock markets , as calculated by Morgan Stanley Capital International Perspective , Geneva . To make them directly comparable , each index is based on the close of 1969 equaling 100 . The percentage change is since year-end ."