ISEQ up as Ryanair shares dip
The ISEQ index of shares made strong gains today as it closed up 39.9 points at 6333.97.
There were mixed fortunes for the financials with Anglo Irish Bank gaining 24c to €9.96. Bank of Ireland and AIB were also on the up, gaining 14c and 3c to €12.91 and €16.88 respectively. Irish Life & Permanent, did not follow the upward trend however, closing 10c down at €13.65.
In the building sector, it was a good day for CRH which added 27c to close at €21.15.
Shares in Ryanair dipped 12c to €6.54 in today's trading as chief executive of the low cost carrier, Michael O'Leary, sold off €39m worth of shares in the company.
Mr O’Leary gave no reason for his decision to sell six million shares, reducing his holding by 0.8% of the company to 4.5%. It still leaves him the firm’s biggest individual investor.
A spokeswoman for the company said there was “nothing unusual” about the move and Mr O’Leary had sold shares on a number of occasions in recent years. She said he had already publicly stated plans to reduce his shareholding.
Mr O’Leary is thought to have raised around €150m from past sales.
