ISEQ climbs above 6,500 landmark
The ISEQ climbed above the 6,500 landmark in trading today as shares rose 24.18 to close at 6,506.54.
Banking shares were mixed. While Bank of Ireland shares leaped 20c higher to €13.25, Allied Irish Bank shares slumped 24c to €17.80.
Shares in Anglo Irish Bank fell 9c to €10.05 while Irish Life & Permanent shares climbed 20c to €14.50. Permanent tsb today cut fixed interest rates covering mortgage fixed rate terms from one to 10 years.
Shares in fruit and vegetable distribution group Fyffes today said trading in continental Europe had been particularly good, as poor weather has resulted in banana producers in areas such as the Canary Islands harvesting less fruit, forcing prices higher.
Fyffes shares climbed 11c to €2.44.
Independent News and Media today announced it has experienced "sustainable revenue growth" in each of its five primary markets (Ireland, Australia, New Zealand, South Africa and the UK) so far this year. INM shares were unchanged at €2.57.
Pharmaceutical group Elan surged 40c to €5.60 today.
Meanwhile Tullow Oil's AGM today revealed 2004 was a record year for production and profit and 2005 indicators are encouraging. Tullow shares slipped 2c to €2.81 despite the news.
