ISEQ rises 21 points
30/07/2004 - 17:40:04Dublin's stock exchange ended on a positive note today at 5,358.63 up 21.18 points for the day.
The major riser was Elan who recovered some ground with a 71-cent surge to €16.85 after the announcement yesterday of increased costs and decreased revenues for the second quarter of 2004. Total revenue for the period was down 45% to $116.2m (€96.3m).
The financial sector also saw a big riser in Irish Life and Permanent who went up 27c to €12.77, while AIB was another climber in the sector, going up 6c to €12.79 as Anglo Irish Bank rose by 6c to €13.18. Bank of Ireland was the only faller going down by 5c to €10.78.
Glassware firm Ardagh was another major riser after showing a 20c increase to end at €1.50 and Trinity Biotech weren't far behind with a 17c rise to finish at €2.57.
It was a mainly negative day for the major food companies as both Greencore and IAWS saw falls of 8c and 5c to end at €2.87 and €9.90 respectively. Kerry Group bucked the trend with a 5-cent rise to go to €17.20 while drinks company Paddy Power also went up by 7c to €9.95.
Business support service firm DCC had a good day with a 8-cent rise to see them at €14.48. And it was continued in the construction sector with both Grafton and Heiton seeing their stock go up 5c as they finished at €6.75 and €6.25 respectively.
However, Shipping group Irish Continental had a very bad day, seeing their shares tumble by 25c to €9.75.
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