Financials and construction sector drive ISEQ gains
It was a generally positive day on the Irish Stock Exchange as the ISEQ jumped 69.87 points to 7450.72 after a surge in late trading.
It was a great session for the financials, who all gained ground. Allied Irish Banks was the biggest winner, up 37 to €18.74. Anglo Irish Bank (up 22c to €11.55) and Bank of Ireland (up 11c to €13.89) also enjoyed positive results. Irish Life & Permanent inched up 5c to €17.55.
Investors took little heed of today’s ESRI description of Ireland’s reliance on the construction sector as “off the wall” compared to other economies. Grafton Group surged ahead 30c to €10.10. CRH also enjoyed a positive today, climbing 20c to €25.30, with Kingspan not far behind (up 15c to €13.20).
FBD endured the biggest slide of the day, dropping 40c to €36.80.
Despite the news that flagship drug Tysabri is to be reintroduced for sale in the US and Europe, Elan’s share price declined 22c to €36.80.
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