Telecommunications equipment-makers bounced back from recent falls, with Ericsson the strongest - up 2.7 per cent at SKr56.50.
France's Alcatel rose 1.1 per cent to €23.03 after it announced plans to cut its manufacturing plants from 120 to 12 or less by the end of the year. Many will be sold to contract manufacturers, some of which will keep producing for Alcatel.
Mr Serge Tchuruk, chief executive, told the Wall Street Journal he planned to sell Alcatel's financial shareholdings, such as the 8.6 per cent stake in French nuclear equipment-maker Framatome, to focus on broadband access equipment.
Technology companies were more mixed. Siemens was down 3.1 per cent to €69.53 but Philips rose 1.4 per cent to €29.14 after unveiling its second set of cuts in two days. It is to slim down the range of set-top boxes it sells in the US, following Monday's announcement that it is pulling out of mobile handset manufacture.
IT and management consultancy Cap Gemini lost another 4.5 per cent to €81.40 after Deutsche Bank and JP Morgan reduced their earnings estimates. However ING Barings upgraded the stock from a "hold" to a "buy".
On Tuesday Cap Gemini fell 23 per cent after a profit warning. Europe's chemical and pharmaceutical sectors took another profit warning on the chin yesterday.
The FTSE Eurotop sectoral index was barely changed in spite of Germany's Bayer saying it expected profits to decline for both the second quarter and the full year.
