Day of growth for ISEQ
The ISEQ index climbed an impressive 44.14 points to 8298.4 today, in the best day’s trading for some time.
Talk on the exchange was dominated by the proposed takeover of Aer Lingus by Ryanair. Shares in the national airline soared 39c to €2.90. Ryanair meanwhile dropped 7c to €8.63.
It was a mixed day for the financials, with Anglo Irish Bank the only good performer 19c to €13.44. There were slight drops for Allied Irish Bank (down 2c to €20.63) and Bank of Ireland (down 4c to €15.36), but Irish Life & Permanent suffered a 20c slump to €19.75 by close of trading.
The construction sector also had a day of contrasts, with Abbey (up 12c to €9.60) and Grafton (up 33c to €11) enjoying some good trading, unlike McInerney Holdings, who dropped 10c to €12.85.
The circumstances around Aer Lingus notwithstanding, C&C Group was the day’s best performer, soaring 35c to €11.30. The rest of the food and drink sector also had a good day, with Greencore (up 10c to €4) and IAWS (up 20c to €14.90) doing well.
The other big gainers of the day were Elan and Irish Continental both gaining 30c to €12.30 and €11.50 respectively.
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